STAND. COM. REP. NO. 1764

                                 Honolulu, Hawaii
                                                   , 1999

                                 RE: S.B. No. 20
                                     S.D. 1
                                     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 S.B. No.
20, S.D. 1, 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 in the real estate industry by:

     (1)  Codifying real estate brokers' responsibilities,
          including continuing education of associated real
          estate licensees and staff;

     (2)  Combining existing real estate continuing education
          provisions into a single section;

     (3)  Mandating that continuing education be based on current
          information, law, and rules; and

     (4)  Requiring the Department of Commerce and Consumer
          Affairs, in consultation with the Hawaii Association of
          Realtors, to initiate a work study group to discuss
          continuing education and other administrative issues.

     The Real Estate Commission testified in support of this
measure.  The Hawaii Association of Realtors commented on this
measure.

 
 
                                 STAND. COM. REP. NO. 1764
                                 Page 2

 
     Your Committee has amended this measure by making technical,
nonsubstantive amendments for clarity and style.

     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 S.B. No.
20, S.D. 1, H.D. 1, as amended herein, and recommends that it
pass Third Reading in the form attached hereto as S.B. No. 20,
S.D. 1, H.D. 2.

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



                                   ______________________________
                                   DWIGHT Y. TAKAMINE, Chair