Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-First State Legislature

Regular Session of 2001

State of Hawaii

Sir:

Your Committee on Consumer Protection and Commerce, to which was referred H.B. No. 20, H.D. 1, entitled:

begs leave to report as follows:

The purpose of this bill is to eliminate the requirement for time share sales agents to register with the Director of Commerce and Consumer Affairs, as time share agents and acquisition agents are already licensed with the Real Estate Commission as real estate brokers or real estate salespersons.

Testimony in support of this bill was received from the American Resort Development Association, Hilton Grand Vacations Club, Pahio Resorts, and an attorney. The Department of Commerce and Consumer Affairs testified in support of this bill with amendments.

Your Committee finds that the requirement for time share agents and acquisition agents who are already licensed as real estate brokers or real estate salespersons to register with the DCCA is duplicative and unnecessary.

Your Committee has amended this bill by making technical, nonsubstantive amendments for purposes of style, clarity, and consistency.

As affirmed by the record of votes of the members of your Committee on Consumer Protection and Commerce that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 20, H.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 20, H.D. 2.