Bill > SB801

This bill requires managing agents for large residential condominium properties in populous counties to possess a community association manager credential, addressing perceived gaps in professional management standards. Specifically, the legislation mandates that managing agents for residential condominium properties with over 100 units located in a county with a population exceeding 500,000 must obtain a credential from a recognized nationwide community association management industry trade group. The bill's purpose stems from legislative findings that volunteer condominium board members often lack the expertise of professional property managers, and existing statutory requirements for managing agents are insufficient to protect board members and unit owners from potential incompetence, negligence, or fraud. The new requirement is intended to ensure a higher level of professional competence by mandating that managing agents for these larger properties have a specialized credential demonstrating industry-specific knowledge and expertise. The bill amends existing law to add this credentialing requirement to the list of existing obligations for managing agents, such as being a licensed real estate broker, maintaining a fidelity bond, and registering with the appropriate commission. The new provision will take effect on July 1, 3000, providing ample time for managing agents to obtain the required credential.

Business and Industry, Housing and Urban Affairs

https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=SB&billnumber=801&year=2026