CONFERENCE COMMITTEE REP

CONFERENCE COMMITTEE REP. NO.94-02

Honolulu, Hawaii

, 2002

RE: S.B. No. 2724

S.D. 2

H.D. 1

C.D. 1

Honorable Robert Bunda

President of the Senate

Twenty-First State Legislature

Regular Session of 2002

State of Hawaii

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-First State Legislature

Regular Session of 2002

State of Hawaii

Sir:

Your Committee on Conference on the disagreeing vote of the Senate to the amendments proposed by the House of Representatives in S.B. No. 2724, S.D. 2, H.D. 1, entitled:

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

having met, and after full and free discussion, has agreed to recommend and does recommend to the respective Houses the final passage of this bill in an amended form.

The purpose of this measure is to repeal the Real Estate Commission's authority to arbitrate disputes involving housing cooperatives, allow a principal broker to delegate management duties, but not accountability, to a broker in charge, and repeal duplicative registration and fidelity bond requirements for condominium managing agents who are real estate brokers in good standing.

Your Committee has amended this measure to:

(1) Preclude a Hawaii-licensed salesperson with an encumbered license from taking the real estate broker's examination;

(2) Allow a person holding a current, unencumbered license issued by another state or a jurisdiction recognized by the Association of Real Estate Law officials, with equivalent licensing requirements to take the real estate broker's examination;

(3) Clarify that a broker in charge may certify the experience of a real estate salesperson for the purpose of qualifying for the broker examination;

(4) Allow an out-of-state licensee to be granted full equivalency for the broker's examination experience requirement, but to preclude a real estate salesperson with an encumbered out-of-state license from qualifying for equivalency;

(5) Allow a Hawaii licensee who holds an unencumbered license in another state to receive credit towards the continuing education requirement for license renewal based on continuing education completed in the other state, but only with respect to the elective credits requirement; and

(6) Establish a $25 fee for equivalency determination applications, pending the adoption of administrative rules.

As affirmed by the record of votes of the managers of your Committee on Conference that is attached to this report, your Committee on Conference is in accord with the intent and purpose of S.B. No. 2724, S.D. 2, H.D. 1, as amended herein, and recommends that it pass Final Reading in the form attached hereto as S.B. No. 2724, S.D. 2, H.D. 1, C.D. 1.

Respectfully submitted on behalf of the managers:

ON THE PART OF THE HOUSE

ON THE PART OF THE SENATE

____________________________ KENNETH T. HIRAKI, Co-Chair		____________________________ RON MENOR, Chair
____________________________ BOB NAKASONE, Co-Chair		____________________________ BRIAN T. TANIGUCHI, Co-Chair