Real Estate Overview/Services

A description of REB's mission with links to key services

Towards carrying out its charge, the Real Estate Commission specifically amongst other powers and duties:

In the real estate licensing arena

Grants licenses to real estate brokers and salespersons;
Makes specific rules to regulate the professional conduct of brokers and salespersons;
Suspends or revokes licenses;
Issues certificates of registration to prelicense, real estate schools and continuing education providers; certify prelicense instructors;
Fines licensees for violations of the license law and rules;
Registers condominium hotel operators;
Administers the real estate recovery fund and real estate education fund;
Provides educational information via the quarterly Real Estate Commission Bulletin, School Files and continuous website updates;
Facilitates the development of examinations for broker and salesperson applicants;
Monitors the activities of real estate schools, providers and instructors; publishing and disseminating reports; and administers real estate recovery fund notices through contracted attorneys;
Enters into contract or contracts with qualified person(s) to assist the Commission in carrying out the purpose of Chapter 467, HRS;
Publishes and distributes pamphlets and circulars, produce seminars and workshops, hold meetings in all counties, and require other education and information to further the purpose of Chapter 467, HRS; and
Through the Regulated AIndustries Complaints Officer, enforces Chapter 467, HRS.

Registers condominium projects prior to the time when apartments in the project are being offered for sale in this State in accordance with Chapter 514A, HRS "Condominium Property Regimes";

Issues effective dates for the developer's preliminary, contingent final, final or supplementary public reports that are to be issued to consumers in accordance with Chapter 514A, HRS;
Registers associations of apartment owners with six (6) or more units;
Employs condominium specialists to assist consumers with information, advice, and referral about matters relating to Chapter 514A, HRS, and condominium property regimes;
Administers the condominium education fund for educational purposes. These purposes include: education and research in the field of condominium management, registration and real estate for the benefit of the public and those required to be registered pursuant to the Condominium Property Act; improvement and more efficient administration of condominium associations; and expeditious and inexpensive procedures for resolving condominium association disputes;
Publishes and distributes pamphlets and circulars, produce seminars and workshops, hold meetings in all counties, and require other education and information to further the purpose of Chapter 514A, HRS;
Provides educational information via the quarterly Hawaii Condominium Bulletin and continuous website updates;
Adopts, amends, or repeals rules to implement Chapter 514A, HRS; and
Administers condominium governance mediation programs through contracted vendors.

Page last modified 10-11-2005 11:12 AM