SB2432 establishes distinct licensure for common interest community association managers in Hawaii.

SB2432 clarifies that common interest community association management licensure is separate from real estate licensure. It defines association management and managers, requiring licensure for those managing such communities for compensation. The bill sets qualifications, continuing education, and standards of conduct for association managers. It also mandates fidelity bonds, insurance, and record-keeping for managing agents. The Department of Commerce and Consumer Affairs administers the licensure, including disciplinary actions.

SB2432 establishes distinct licensure for common interest community association managers in Hawaii.

SB2432 clarifies that common interest community association management licensure is separate from real estate licensure. It defines association management and managers, requiring licensure for those managing such communities for compensation. The bill sets qualifications, continuing education, and standards of conduct for association managers. It also mandates fidelity bonds, insurance, and record-keeping for managing agents. The Department of Commerce and Consumer Affairs administers the licensure, including disciplinary actions.