Bill

Bill > SB1623


HI SB1623

HI SB1623
Relating To Condominiums.


summary

Introduced
01/23/2025
In Committee
01/27/2025
Crossed Over
Passed
Dead

Introduced Session

2025 Regular Session

Bill Summary

Requires individual managing agents and employees of entity managing agents to be licensed and imposes certain duties on these individuals.

AI Summary

This bill requires individual managing agents and employees of managing agents in condominium associations to be licensed by the commission, specifically mandating that they obtain certification from recognized professional organizations such as the Community Association Managers International Certification Board or the Community Associations Institute. The proposed legislation aims to reduce corrupt behavior by ensuring that managing agents are familiar with condominium governance laws and association documents. Under the new requirements, individuals seeking a license must submit an application, pay a fee, and provide proof of a current professional certification. Licensed managing agents will be required to act in accordance with the association's declaration, bylaws, and rules, as well as state and local laws, and will be obligated to intervene promptly if they observe misconduct by board members or unit owners. The bill builds upon existing regulations that already require managing agents to be licensed real estate brokers or authorized corporations, maintain fidelity bonds, and register with the commission, but adds a new layer of individual professional accountability to protect the interests of condominium associations and their unit owners.

Committee Categories

Business and Industry

Sponsors (1)

Last Action

Carried over to 2026 Regular Session. (on 12/08/2025)

bill text


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