“Off Island Owners” “On Island Agent” Defined   Leave a comment

Mauna Lani Point Per the 2012 Hawaii Act 326 all owners of Hawaii rental properties need to have an “On Island” representative even if they reside in Hawaii on a different island from their rental property and if living outside of the State.   There has been a lot of confusion as to whether this “custodian” must be licensed or not.  The Real Estate Commission November newsletter included a good explanation of this provision.  It looks like the unlicensed individual may only work for one owner; either an individual or an entity , but not more than one owner with out a license.  This is really nothing new, just clarified again.  However there a lot of people who have built a business acting as an off island agent for many owners while not licensed.  Not passing any judgements here as I am sure most do a great job. Licensees are better educated  because of standards imposed by the State,  incur a lot of time and expense complying with license laws which demonstrates a professional commitment to service.  The license gives owners more protection and support should they need recourse.  Get the full opinion here: REC Off Island Agent Opinion

Happy Holidays to you all and may your New Year be Happy EVERYDAY!  A hui hou

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