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 Resolution (SR 168) requests the Hawaii Auditor to audit the Real Estate Commission's oversight of real estate management entities (companies managing condominiums) under Hawaii's Condominium Property Act (Chapter 514B). It specifically asks the Auditor to examine issues like improper financial practices (e.g., non-judicial foreclosures, unfair fines), lack of transparency (e.g., refusal to share documents), and ineffective dispute resolution processes affecting condominium owners. The audit aims to identify gaps in oversight and recommend improvements to the Commission's effectiveness. This resolution does not change laws but seeks an independent assessment of current enforcement under existing statutes.