Hawai’i Protects Consumers’ Ability to Retain Real Estate Licensees

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Hawai’i House Bill 279 adds a new section to the already existing real estate licensing laws that allows the Hawai’i Real Estate Commission to take disciplinary action against licensees for misconduct. While existing legislation already allows for the commission to take disciplinary action for specified actions of misconduct, the new Hawai’i Revised Statutes expands those sanctions to include situations where a licensee, “…prohibits a prospective purchaser or prospective seller of real estate from being to able to retain the services of a real estate broker or real estate salesperson.”

The need for this new statute arose from situations where developers of condominiums and single-family residential developments were imposing polices to prohibit prospective purchasers from retaining the services of a real estate licensee during the buying process. The new statute has been named Act 041 and will take effect on November 2, 2015.

Copyright: ARELLO registered. Condensed from ARELLO’S Boundaries magazine (2015 June)

Full article: Arello Boundaries Excerpt Hawaii June 2015

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Originally Published June 25, 2015

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