Bill > SR168

This resolution requests the state Auditor to conduct a comprehensive audit of the Real Estate Commission's oversight of real estate management entities in Hawaii, focusing on condominium governance and management. The resolution highlights concerns about potential gaps in the Commission's enforcement of Chapter 514B of Hawaii Revised Statutes, which governs condominium properties. The Auditor is specifically urged to examine issues such as nonjudicial foreclosures, selective enforcement of bylaws, use of unlicensed contractors, monitoring and investigative policies, adequacy of penalties, effectiveness of dispute resolution methods, improper fine practices, potential conflicts of interest, and the use of attorneys for fee collection. The audit aims to identify areas for improvement in the Commission's oversight, potentially recommend statutory changes, and explore ways to enhance transparency, fairness, and effectiveness in condominium governance. The Auditor is requested to submit a detailed report with findings and recommendations to the Legislature prior to the 2026 Regular Session, with the ultimate goal of protecting the interests of condominium owners and residents by ensuring more robust and equitable management of condominium regimes.

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https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=SR&billnumber=168&year=2025