Bill > SB1623

This bill addresses the regulation of condominium managing agents in Hawaii by introducing new licensing requirements and professional standards. The legislation requires individual managing agents and employees of managing agent entities to obtain a specific license from the commission, which can be acquired by holding a current certification from recognized professional community association management organizations like the Community Association Managers International Certification Board or the Community Associations Institute. The bill aims to reduce corrupt behavior by ensuring that managing agents are knowledgeable about condominium governance laws and association documents. Licensed managing agents will be required to act in accordance with the association's declaration, bylaws, and rules, as well as state and county laws, and must proactively intervene in cases of 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 trust corporations, maintain fidelity bonds, and register with the commission. By introducing these new individual licensing requirements, the legislation seeks to improve the professionalism and accountability of those managing condominium associations, ultimately protecting the interests of unit owners and associations.

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https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=SB&billnumber=1623&year=2025