Haw. Code R. § 16-114-74

Current through April, 2024

Section 16-114-74 - Nonapplicability to real estate brokers or real estate salespersons

This chapter shall not apply to a real estate broker or salesperson licensed by this State pursuant to chapter 467, HRS, who, in the ordinary course of the real estate broker's or salesperson's business, gives an opinion as to the recommended listing price of real estate or an opinion to a potential purchaser or third party as to the recommended purchase price of real estate, provided:

(1) The opinion as to the listing price or the purchase price shall not be referred to as an appraisal;

(2) No compensation, fee, or other consideration is charged for such opinion other than the normal brokerage fee rendered in connection with the sale of the property; or

(3) No representation is made that the real estate broker or salesperson is a certified or licensed real estate appraiser.

Haw. Code R. § 16-114-74

[Eff 3/11/91; comp 9/23/91; comp 4/17/98; comp 1/10/09; comp 8/27/12] (Auth: HRS § 466K-3) (Imp: HRS §§ 466K-1, 466K-3)

The amended version of this section by Hawaii Administrative Rules Listing of Filings, 2016-01, November, eff. 11/27/2016 is not yet available.