REAL ESTATE COMMISSION MEETINGS
AND SPECIALISTS’ OFFICE FOR THE DAY
The Real Estate Commission will convene standing committee meetings at the Lihue State Office Building, 3rd Floor Conference Room, located at 3060 Eiwa Street, Lihue, Kauai.
Wednesday, June 12, 2013
Laws and Rules Review Committee – 9:30 a.m.
Condominium Review Committee – Upon adjournment of the
Laws and Rules Review Committee meeting
Education Review Committee – Upon adjournment of the
Condominium Review Committee meeting
The Commission will also be holding a Specialists’ Office for the Day while the meetings are in progress, and by appointment. This will provide real estate licensees, condominium owners, educational providers, or anyone else interested in real estate licensing or condominium issues with an opportunity to meet with the Specialists to discuss their concerns (flyer).
Condominium Associations Per Unit Condominium Education Trust Fund (CETF) Fees
Condominium Developers Condominium Project Registration and Per Unit CETF Fees
- Registering a condominium project created after July 1, 2006 (fees are the same as those imposed during the interim period);
- Condominium associations’ per unit fee payable to the CETF every biennial (two year) registration; and
- Condominium developers’ CETF Fee for each unit in the project. (memorandum)
Two bills signed into law relating to Professional and Vocational Licensing for nonresident military spouses and military personnel
Relating to Restoration of Certain Forfeited Professional and Vocational Licenses (ACT 011) Signed by Governor Lingle
"The forfeited license of an individual real estate brokeror real estate salesperson may be restored upon compliance with the licensing renewal requirements provided by law; submission of a complete written application; payment of all applicable renewal fees, penalty fees, compliance resolution fund fees, and, if applicable, recovery fund assessments; satisfaction of the applicable requirements in sections 467-8 and 467-9; submission of written documentation demonstrating compliance with section 467-11.5; and for individual licensees, satisfaction of one of the following:
(1) For a license forfeited for more than one year but less than four years, the successful completion of
the commission-approved course or courses or passage of the commission-approved examination; or
(2) For a license forfeited for more than four years but less than five years, the successful passage
of the commission-approved examination.
The license of any real estate broker other than a natural person that fails to apply for restoration of a forfeited license within one year from the date of forfeiture, shall be automatically terminated. Once a license has been terminated pursuant to this section, the entity may apply for a new license pursuant to and subject to all applicable laws and rules in effect at the time of application."