Bill > SB801

This bill requires managing agents for large residential condominium properties in populous counties to obtain a specialized professional credential, addressing concerns about the expertise and competence of property management professionals. Specifically, for residential condominium properties with more than 100 units located in a county with a population over 500,000, managing agents must now possess a community association manager credential issued by a nationwide community association management industry trade group. The legislature found that existing requirements, which only mandated managing agents be licensed real estate brokers, were inadequate to protect association board members and unit owners from potential incompetence, fraud, or misrepresentation. The bill amends existing law to add this new credential requirement, aiming to ensure that managing agents for large residential properties have a higher level of professional expertise and are better equipped to manage complex property management responsibilities. The new requirement will take effect on July 1, 3000, providing ample time for managing agents to obtain the necessary credentials.

Business and Industry, Housing and Urban Affairs

https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=SB&billnumber=801&year=2025