STAND. COM. REP. 2530

Honolulu, Hawaii

, 2004

RE: S.B. No. 2892

 

 

Honorable Robert Bunda

President of the Senate

Twenty-Second State Legislature

Regular Session of 2004

State of Hawaii

Sir:

Your Committee on Commerce, Consumer Protection and Housing, to which was referred S.B. No. 2892 entitled:

"A BILL FOR AN ACT RELATING TO REAL ESTATE LICENSING,"

begs leave to report as follows:

The purpose of this measure is to provide statutory authority for the Real Estate Commission to enter into license recognition agreements with other states or jurisdictions with equivalent real estate licensing laws.

Testimony in support of this measure was received from the Hawaii Real Estate Commission and the Hawaii Association of Realtors.

Your Committee finds that this measure will benefit Hawaii real estate licensees as it will allow for increased recognition of their Hawaii real estate license in other states as well as make it easier for Hawaii real estate licensees to conduct real estate related transactions in other states. This measure also protects Hawaii consumers by enabling Hawaii's Real Estate Commission to regulate a greater number of out-of-state real estate licensees.

As affirmed by the record of votes of the members of your Committee on Commerce, Consumer Protection and Housing that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 2892 and recommends that it pass Second Reading and be placed on the calendar for Third Reading.

 

 

Respectfully submitted on behalf of the members of the Committee on Commerce, Consumer Protection and Housing,

____________________________

RON MENOR, Chair