REQUESTING THE AUDITOR TO CONDUCT AN AUDIT OF THE REAL ESTATE COMMISSION'S OVERSIGHT OF REAL ESTATE MANAGEMENT ENTITIES UNDER CHAPTER 514B, HAWAII REVISED STATUTES, AND MAKE RECOMMENDATIONS TO IMPROVE THE EFFECTIVENESS OF THE COMMISSION'S OVERSIGHT OF REAL ESTATE MANAGEMENT ENTITIES AND RELATED ISSUES.

This Senate Concurrent Resolution (SCR 187) requests the Hawaii Auditor to conduct an audit of the Real Estate Commission's oversight of real estate management entities that handle condominium properties under Hawaii Revised Statutes Chapter 514B. The audit will specifically examine whether the Commission effectively monitors financial practices (like improper foreclosures and fines), transparency issues (such as refusal to share documents), and enforcement gaps affecting condominium owners. The resolution asks the Auditor to assess if current oversight is sufficient and to recommend improvements to better protect homeowners. This is a procedural request - not a law - and focuses on evaluating existing processes, not changing them.