STAND. COM. REP. NO. 1020_______

                                 Honolulu, Hawaii
                                                   , 1999

                                 RE: H.B. No. 791
                                     H.D. 2




Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twentieth State Legislature
Regular Session of 1999
State of Hawaii

Sir:

     Your Committee on Finance, to which was referred H.B. No.
791, H.D. 1, entitled: 

     "A BILL FOR AN ACT RELATING TO REAL ESTATE BROKERS AND
     SALESPERSONS,"

begs leave to report as follows:

     The purpose of this bill is to clarify the provision of
continuing education courses for real estate brokers and
salespersons by:

     (1)  Specifying the responsibilities of the Real Estate
          Commission (Commission), as well as continuing
          education providers and instructors, relating to
          continuing education requirements;

     (2)  Increasing the flexibility, range, and number of
          options available in the provision of continuing
          education courses;

     (3)  Codifying the principal brokers' responsibilities,
          including requirements for training and educating
          associated real estate licensees; and

     (4)  Requiring the Department of Commerce and Consumer
          Affairs, in consultation with the Hawaii Association of
          Realtors (HAR), to initiate a work study group during
          the legislative interim to discuss continuing education

 
 
 
                                 STAND. COM. REP. NO. 1020_______
                                 Page 2

 
          and administration issues and to report back to the
          next Legislature.

     HAR testified in support of this measure.  The Commission
commented on the measure.

     Your Committee has amended this bill by:

     (1)  Clarifying that HAR rather than the Commission shall
          initiate a work study group over the interim;

     (2)  Directing HAR to work with the Commission, the
          Department of Commerce and Consumer Affairs, as well as
          other interested parties; and

     (3)  Making technical, nonsubstantive revisions for the
          purpose of clarity.

     As affirmed by the record of votes of the members of your
Committee on Finance that is attached to this report, your
Committee is in accord with the intent and purpose of H.B. No.
791, H.D. 1, as amended herein, and recommends that it pass Third
Reading in the form attached hereto as H.B. No. 791, H.D. 2.

                                   Respectfully submitted on
                                   behalf of the members of the
                                   Committee on Finance,



                                   ______________________________
                                   DWIGHT Y. TAKAMINE, Chair