Real Estate Overview/Services
A description of REB’s mission with links to key services
Towards carrying out its charge, the Real Estate Commission
specifically amongst other powers and duties:
In the real estate licensing arena
- Grants licenses to real estate brokers and salespersons;
- Makes specific rules to regulate the professional conduct of brokers
and salespersons; - Suspends or revokes licenses;
- Issues certificates of registration to prelicense, real estate schools
and continuing education providers; certify
prelicense instructors; - Fines licensees for violations of the license law and rules;
- Registers condominium hotel operators;
- Administers the real estate recovery fund and real estate education
fund; - Provides educational information via the quarterly Real Estate
Commission Bulletin, School Files and continuous website updates; - Facilitates the development of examinations for broker and salesperson
applicants; - Monitors the activities of real estate schools, providers and
instructors; publishing and disseminating reports; and administers
real estate recovery fund notices through contracted attorneys; - Enters into contract or contracts with qualified person(s) to assist
the Commission in carrying out the purpose of Chapter 467, HRS; - Publishes and distributes pamphlets and circulars, produce seminars and
workshops, hold meetings in all counties, and require other education and
information to further the purpose of Chapter 467, HRS; and - Through the Regulated Industries Complaints Office, enforces Chapter
467, HRS.
In the condominium arena
- Registers condominium projects prior to the time when apartments in the
project are being offered for sale in this State in accordance with HRS Chapter 514B “Condominium Property Regimes” and ;
- Issues effective dates for the developer’s preliminary, contingent
final, final or supplementary public reports that are to be issued to
consumers in accordance with HRS Chapter 514A and 514B; - Registers associations of apartment owners with six (6) or more
units; - Employs condominium specialists to assist consumers with information,
advice, and referral about matters relating to HRS Chapter 514B, and
condominium property regimes; - Administers the condominium education fund for educational
purposes. These purposes include: education and research in the field
of condominium management, registration and real estate for the benefit of
the public and those required to be registered pursuant to the Condominium
Property Act; improvement and more efficient administration of condominium
associations; and expeditious and inexpensive procedures for resolving
condominium association disputes; - Publishes and distributes pamphlets and circulars, produce seminars and
workshops, hold meetings in all counties, and require other education and
information to further the purpose of HRS Chapter 514B; - Provides educational information via the quarterly Hawaii
Condominium Bulletin and continuous website updates; - Adopts, amends, or repeals rules to implement HRS Chapter 514B;
and - Administers condominium governance mediation programs through contracted vendors.