STAND. COM. REP. NO. 1003

                                 Honolulu, Hawaii
                                                   , 1999

                                 RE: H.B. No. 353
                                     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.
353, 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:

     (1)  Simplify, streamline, clarify, update, and deregulate
          the real estate licensing law; and

     (2)  Provide additional options to license applicants,
          without compromising consumer protection.

     Among other things, this bill:

     (1)  Allows candidates for real estate licenses to request a
          preliminary decision from the Real Estate Commission
          (Commission) to avoid unnecessary expenditures and
          delays;

     (2)  Authorizes recognition of out-of-state licensing
          qualifications and allows the Commission to require
          that applicants pass specific portions of the
          examination;

     (3)  Abolishes license display and site office registration
          requirements for real estate broker businesses; and

 
 
                                 STAND. COM. REP. NO. 1003
                                 Page 2

 

     (4)  Transfers the responsibility for approval of real
          estate continuing education instructors to education
          providers.

     The Real Estate Commission testified in support of this
measure.

     Your Committee has amended this measure by making technical,
nonsubstantive amendments for purposes of 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 H.B. No.
353, H.D. 1, as amended herein, and recommends that it pass Third
Reading in the form attached hereto as H.B. No. 353, H.D. 2.

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



                                   ______________________________
                                   DWIGHT Y. TAKAMINE, Chair