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2015-2016 Hawaii Core Part A: Condominiums Structure and Sales & 2015 Legislative Update

4 Total hours
0 Elective hours
4 Core hours

This course focuses on the laws and issues related to condominiums, along with a summary of new real estate laws enacted in Hawaii.

Condominium development and conversions are a strong sector of Hawaii’s real estate industry. However, there is often a degree of confusion—among licensees as well as clients—as to what constitutes a “condominium.” This course will help eliminate any lingering confusion by walking through the appropriate statutes and requirements related to condominiums.

In addition, legislative updates have been included. Developed within days of many of these bills becoming law, this course provides licensees with an overview of those changes most pertinent to the Hawaii real estate industry. Bills that will interest most licensees are featured, covering a range of topics including transient accommodations tax, historic property reviews, domestic violence, medical marijuana, residential landlord-tenant close, and multiple others.

This 4-hour course is Part A of the Hawaii Real Estate Commission’s 8-hour mandatory core course for 2015 and 2016.

Course highlights include:

  • Creation of a condominium, including legal requirements and documentation.
  • Structure and use of condominium, including different types.
  • Converting structures to condominium status.
  • The difference between common element and limited common element expenses.
  • Developer’s public report, the requirements for initial sales, and sales to owner-occupants.
  • Developer’s public report v. 508D.
  • Seller’s real property disclosure statement and documentation for re-sales.
  • 5 House and 6 Senate bills relating to the real estate industry.
  • Activities and examples to seal in the new information and frame it in everyday context.