Hawaii HB1587 amends laws for managing agents of common interest communities.
Hawaii HB1587 amends the statutes to specify the duties and requirements for managing agents of common interest communities. The bill mandates that managing agents must be licensed real estate brokers or corporations authorized to do business. It requires managing agents to register with the commission, obtain a fidelity bond, and comply with county, state, and federal laws, including mortgage lending requirements.
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