Hawaii License Law

What provisions does Hawaii's Professional and Vocational Licensing Act make for license suspension?

5 years

Gives local communities the right to decide what to do within their own communities.

Community Development Block Grant

What's the chief function of licensing laws?

Ensure that consumers are protected

Insures home loans.

Federal Housing Administration (FHA)

The commissioners must be representative of Hawaii as a whole:

Four must be residents of Honolulu County. One must be a resident of Hawaii County. One must be a resident of Maui County. One must be a resident of Kauai County. At least two must be members of the public.

Allows lenders to obtain a better price for mortgage loans, thus creating affordable housing for families.

Government National Mortgage Association (Ginnie Mae or GNMA)

The commission keeps busy. It:

Grants licenses, registrations, and certificates - Adopts, amends, and repeals rules designed to protect the public real estate transactions Enforces real estate rules - Suspends, fines, terminates, and revokes licenses, certificates, and registrations for violating rules - Provides budgeting and other reports to the governor and legislature - Publishes and produces informational pamphlets, seminars, workshops, and holds meetings in all counties - Contracts with third parties to carry out commission duties - Administers the real estate recovery fund - Creates committees to carry out the commission's purpose; these committees: - - Must meet no fewer than 10 times annually - - Must occasionally meet in each of the counties

Fights housing discrimination.

HUD & Fair Housing

Which law regulates Hawaii real estate licensees?

Hawaii

Assists low-income families.

Housing Choice Voucher Program

The U.S. Department of Housing and Urban Development (HUD) plays an important role in regulating the real estate industry. Which of these are HUD responsibilities, and which are not? Houses the Regulated Industries Complaint Office (RICO)

NOT

The U.S. Department of Housing and Urban Development (HUD) plays an important role in regulating the real estate industry. Which of these are HUD responsibilities, and which are not? Investigates complaints against deceptive trade practices

NOT

Administers housing and community development programs that benefit Native Americans.

Native American Housing

Which HUD program is responsible for developing and enforcing federal fair housing policies and laws?

Office Fair Housing and Equal Opportunity

At what level does real estate licensing take place?

State

The Department of Commerce and Consumer Affairs, or DCCA, houses several departments that help govern Hawaii real estate. Which three of these departments fall under the DCCA umbrella?

The Hawaii Real Estate Commission The Regulated Industries Complaints Office, which enforces regulatory standards of licensed professionals in 49 industries, including real estate The Professional and Vocational Licensing Division, which oversees licensing programs and regulatory activities of boards and commissions within the DCCA

What is the relationship between the Professional and Vocational Licensing Act and Hawaii real estate license law?

The Professional and Vocational Licensing Act governs all Hawaii occupations that require a license, including the real estate licensees.

The seven Hawaii Real Estate Commission members who must be licensed need how many years of recent experience as a real estate broker?

Three

Hawaii license laws describe required pre-licensure education, define activities that require a license, describe standards of conduct, and enforce these standards. Why do they do this?

To protect consumers.

Caroline is a pre-licensing student, eager to get after her goals as a real estate salesperson and she is aligned to affiliate with a great broker. One month before taking her exam, she begins networking with potential clientele, assuring them that due to her competitive nature and tenacity, she is the best salesperson for the job. She quickly begins the negotiation of her sales commission on her first transaction.

Violation

The U.S. Department of Housing and Urban Development (HUD) plays an important role in regulating the real estate industry. Which of these are HUD responsibilities, and which are not? Provides rental assistance and housing resources.

YES

The U.S. Department of Housing and Urban Development (HUD) plays an important role in regulating the real estate industry. Which of these are HUD responsibilities, and which are not? Create strong communities.

Yes

The U.S. Department of Housing and Urban Development (HUD) plays an important role in regulating the real estate industry. Which of these are HUD responsibilities, and which are not? Enforces fair housing laws

Yes

real estate licensing, activities, and license law are governed by

statutes, rules, regulations, agencies, and individuals from the governor and the state legislature to the Hawaii Real Estate Commission