Hawaii Revised Statutes 467. Real Estate Brokers and Salespersons

• 467-1 Definitions.
  As used in this chapter: "Commission" means the real estate commission of the State. "Custodian or caretaker" means any individual, who for compensation or...
• 467-1.5 Employer-Employee Relationship.
  Nothing in this chapter or in any of the rules adopted to implement this chapter shall be deemed to create an employer-employee relationship between...
• 467-1.6 Principal Brokers.
  (a) The principal broker shall have direct management and supervision of the brokerage firm and its real estate licensees. (b) The principal broker shall...
• 467-2 Exceptions.
  The provisions requiring licensing as a real estate broker or salesperson shall not apply: (1) To any individual who, as owner of any real...
• 467-3 Commission, Appointments, Qualifications, Tenure.
  There shall be appointed a commission to be known as the real estate commission, to consist of nine members, at least four of whom...
• 467-4 Powers and Duties of Commission.
  In addition to any other powers and duties authorized by law, the real estate commission shall: (1) Grant licenses, registrations, and certificates pursuant to...
• 467-4.5 Continuing Education.
  (a) The commission shall have the authority to: (1) Set content and other requirements for continuing education courses, providers, and instructors; (2) Determine whether...
• 467-5 Board's Employees.
  Subject to chapter 76, the department of commerce and consumer affairs may employ and remove such administrative and clerical assistants as the real estate...
• 467-6 Place of Meeting.
  The director of commerce and consumer affairs shall provide suitable quarters for meetings of the real estate commission and for the transaction of its...
• 467-7 Licenses Required to Act As Real Estate Broker and Salesperson.
  No person within the purview of this chapter shall act as real estate broker or real estate salesperson, or shall advertise, or assume to...
• 467-7.5 License Recognition.
  The commission may enter into a license recognition agreement with another state, or a jurisdiction recognized by the Association of Real Estate License Law Officials,...
• 467-8 Prerequisites for License, Registration, or Certificate.
  (a) No license, registration, or certificate under this chapter shall be issued to: (1) Any individual applying for a real estate broker or salesperson...
• 467-9 License, Registration, Certificate, and Applications.
  (a) Every applicant for issuance of a real estate license, registration, or certificate under this chapter shall file an application with the commission in...
• 467-9.5 Prerequisites for Examination.
  (a) No individual shall be eligible for the licensing examination unless the individual is: (1) A United States citizen, a United States national, or...
• 467-9.6 Examination.
  (a) Every applicant for a real estate examination shall file an application with either the commission or the testing service agency designated by the...
• 467-10 Form of Licenses, Registrations, and Certificates.
  The form of every license, registration, and certificate shall be prescribed by the commission, and shall be issued in the name of the commission....
• 467-11 Fees; Original License and Biennial Renewals.
  (a) All fees for applications, registrations, certificates, and any license prescribed by this chapter shall be deposited to the credit of the compliance resolution...
• 467-11.5 Prerequisites for License Renewal.
  (a) Prior to the license renewal of a real estate broker or real estate salesperson, the licensee shall provide the commission with proof of...
• 467-12 Place of Business and Posting of License.
  (a) A licensed real estate broker shall have and maintain a definite place of business in the State, in compliance with this chapter and the...
• 467-13 Delivery of Agreement.
  When a licensee prepares or has prepared an agreement authorizing the licensee to perform any of the acts for which the licensee is required...
• 467-14 Revocation, Suspension, and Fine.
  In addition to any other actions authorized by law, the commission may revoke any license issued under this chapter, suspend the right of the...
• 467-15 Hearings.
  In every case where it is proposed to revoke or suspend the exercise of any license, fine any person holding a license, registration, or...
• 467-15.5 License Issued After a Revocation or Automatic Termination.
  A person whose license has been revoked, or automatically terminated in accordance with section 467-18(e), may apply for a license as a new applicant...
• 467-16 Real Estate Recovery Fund; Use of Fund; Fees.
  (a) The commission shall establish and maintain a trust fund which shall be known as the real estate recovery fund from which any person...
• 467-17 Additional Payments to Fund.
  (a) If the balance remaining in the real estate recovery fund is less than $350,000, the department of commerce and consumer affairs shall assess...
• 467-18 Statute of Limitation; Recovery From Fund.
  (a) No action for a judgment that subsequently results in an order for collection from the real estate recovery fund shall be started later...
• 467-19 Management of Fund.
  (a) The sums received by the real estate commission for deposit in the real estate recovery fund shall be held by the commission in...
• 467-20 False Statement.
  It shall be unlawful for any person or the person's agent to testify before or file with the commission, or the testing service agency...
• 467-21 the Real Estate Commission Has Standing in Court.
  When the real estate commission receives notice, as provided in section 467-18(a), the commission may enter an appearance, file an answer, appear at the...
• 467-22 Subrogation of Rights.
  When, upon the order of the court, or upon the commission's settlement of a claim, the real estate commission has paid from the real...
• 467-23 Waiver of Rights.
  The failure of an aggrieved person to comply with this chapter relating to the real estate recovery fund shall constitute a waiver of any...
• 467-24 Maximum Liability.
  Notwithstanding any other provision, the liability of the real estate recovery fund shall not exceed $50,000 for any one licensee. [L 1967, c 187,...
• 467-25 Disciplinary Action Against Licensee.
  Nothing contained herein shall limit the authority of the real estate commission to take disciplinary action against any licensee for a violation of this...
• 467-25.5 Registration of Schools, Instructors; Fees.
  (a) Schools. Any person may apply to the real estate commission for a certificate of registration as a real estate school upon the payment...
• 467-26 Penalty.
  Any person violating this chapter shall be fined not more than $5,000 for each violation. [L 1933, c 140, §13; RL 1935, §7321; RL...
• 467-30 Registration, Bonding, and Other Requirements for Condominium Hotel Operators.
  (a) As used in this section, "condominium hotel" includes those apartments or units in a project as defined in section 514A-3 or 514B-3 and...
• 467-31 Repealed.
  L 1994, c 214, §3.

Last modified: October 27, 2016