SB2295 amends Hawaii law to enhance requirements for managing agents of common interest communities.

SB2295 amends Hawaii law to enhance requirements for managing agents of common interest communities. The bill mandates that managing agents be licensed real estate brokers or corporations authorized to do business in Hawaii. It requires managing agents to register with the commission, obtain a fidelity bond, and report changes in their information. The bill also requires managing agents to distribute educational opportunities or seminars information to boards and post it on electronic platforms at no cost. Failure to comply with these requirements may result in termination of registration.

SB2295 amends Hawaii law to enhance requirements for managing agents of common interest communities.

SB2295 amends Hawaii law to enhance requirements for managing agents of common interest communities. The bill mandates that managing agents be licensed real estate brokers or corporations authorized to do business in Hawaii. It requires managing agents to register with the commission, obtain a fidelity bond, and report changes in their information. The bill also requires managing agents to distribute educational opportunities or seminars information to boards and post it on electronic platforms at no cost. Failure to comply with these requirements may result in termination of registration.