STAND. COM. REP. NO.  555

Honolulu, Hawaii

                , 2017

RE:   H.B. No. 51

      H.D. 1

Honorable Joseph M. Souki

Speaker, House of Representatives

Twenty-Ninth State Legislature

Regular Session of 2017

State of Hawaii

Sir:

     Your Committee on Intrastate Commerce, to which was referred H.B. No. 51 entitled:

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

begs leave to report as follows:

The purpose of this measure is to permit a licensed real estate broker to pay a commission to a corporation or partnership; provided that the licensed real estate broker:

     (1)  Earned the commission on behalf of the corporation or partnership; and

     (2)  Is a member, officer, shareholder, or partner of the corporation or partnership.

The Hawaii Real Estate Commission opposed this measure.

     Your Committee has amended this measure by changing its effective date to July 1, 2099, to promote further discussion.

     As affirmed by the record of votes of the members of your Committee on Intrastate Commerce that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 51, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 51, H.D. 1, and be referred to your Committee on Consumer Protection & Commerce.

Respectfully submitted on behalf of the members of the Committee on Intrastate Commerce,

____________________________

TAKASHI OHNO, Chair