§16-99-149 Client’s trust funds, accounting, and records
Client’s trust funds, accounting, and records
§16-99-149(a) The proposed amendment clarifies that condominium hotel operators are precluded from holding a license pursuant with § 467-30(g)(2) shall comply with section 16-99-4, which addresses handling of funds or property of others entrusted to the condominium hotel operator.
(a) Condominium hotel operators, including condominium hotel operators who are excluded or exempt from obtaining a real estate broker’s license pursuant to section 467-30(f), HRS, shall comply with section 16-99-4. For purposes of compliance, when the condominium hotel operator is not a real estate broker, references to broker or principal broker in section 16-99-4 shall also mean “condominium hotel operator.”