§16-99-147.2

Who may register as a condominium hotel operator

§16-99-147.2 A new section is added that sets forth Commission policy, based upon section 467-30 (j), HRS, that only those without a real estate license may register as a condominium hotel operator, and further, that where a real estate licensee is part of an entity which operates a condominium hotel (e.g., general partner or employee of a partnership, officer or employee of a corporation, member of a member-managed limited liability company, or a principal who directly manages or is responsible for a condominium hotel operation), the entity may not register.

New Rule

Old Rule
(a) Only those persons who do not hold a real estate license, either salesperson or broker, may register as a condominium hotel operator.

(b) Where an entity includes the following persons holding a real estate salesperson or broker’s license, that entity may not register as a condominium hotel operator:

(1) General partner or employee of a partnership condominium hotel operator;

(2) An officer or employee of a corporation condominium hotel operator;

(3) A member of a member-managed limited liability company condominium hotel operator; or

(4) A principal having direct management and responsibility over condominium hotel operations, including performing or facilitating the delivery of customary hotel services.

N/A