Hawaii Legislative Bills
8 legislative bills tracked for real estate wholesalers & investors
Last synced: 4h ago
Relating To State Enterprise Zones.
Summary
- This bill expands the definition of eligible business activities within Hawaii's Enterprise Zone Program to include various sectors such as retail, healthcare, and technology
- It also allows for the designation of certain census tracts as enterprise zones and extends tax credits and exemptions for qualified businesses starting from 2026 and 2028
What This Means for Wholesalers
- The bill does not directly address real estate wholesaling activities or impose new regulations on wholesalers
- However, if wholesalers engage in activities that fall under the newly defined eligible business activities, they may benefit from the tax incentives provided by the Enterprise Zone Program
Relating To State Enterprise Zones.
Summary
- This bill amends the definition of eligible business activities within state enterprise zones to include various sectors such as retail sales, agricultural processing, and professional services
- It also extends the eligibility periods for tax credits and exemptions for businesses operating in these zones
What This Means for Wholesalers
- The bill does not directly address real estate wholesaling or alter the requirements for wholesalers in Hawaii
- Therefore, it is unlikely to have a significant impact on wholesalers' operations or their need for licensing
Relating To Enterprise Zones.
Summary
- This bill amends the definition of 'eligible business activity' for the enterprise zone program in Hawaii to include specific retail sales, processing of agricultural products, and professional services in healthcare
- It aims to promote economic development within designated enterprise zones by expanding the types of businesses that can benefit from the program
What This Means for Wholesalers
- The bill does not directly address real estate wholesaling or alter the requirements for wholesalers in Hawaii
- Therefore, it is unlikely to have a significant impact on wholesalers' operations or their need for licensing
Relating To Enterprise Zones.
Relating To The Hawaii Community Development Authority.
Summary
- This bill clarifies the approval process for residential development in Kakaako Makai, increases building height limits, and mandates that a portion of the units be reserved for low-income households
- It also restricts the sale of these residential units to owner-occupants and establishes a fee for residents to support local services
What This Means for Wholesalers
- The requirement that residential units be sold only to owner-occupants could limit wholesalers' ability to assign contracts for these properties, as they typically sell to investors rather than end-users
- Additionally, the focus on low-income housing may not align with the typical wholesale market, potentially reducing opportunities for wholesalers in this area
Relating To Enterprise Zones.
Summary
- This bill amends the definition of 'eligible business activity' for the enterprise zone program in Hawaii to include specific retail sales, processing of agricultural products, and professional services in healthcare
- It aims to promote economic development within designated enterprise zones by expanding the types of businesses that can benefit from the program
What This Means for Wholesalers
- The bill does not directly address real estate wholesaling or alter the requirements for wholesalers in Hawaii
- Therefore, it is unlikely to have a significant impact on wholesalers' operations or their need for licensing
Real Property Wholesale Regulation
Summary
- Would require real estate license for wholesale activities in Hawaii
- Proposes consumer protection fund for affected sellers
- Creates disclosure requirements specific to Hawaii market conditions
What This Means for Wholesalers
- Proposes consumer protection fund for affected sellers
- Creates disclosure requirements specific to Hawaii market conditions
Frequently Asked Questions — Hawaii Real Estate Law
Common questions about wholesaling regulations and investor requirements in Hawaii.
SB 2919 is a pending Hawaii bill that would require individuals engaged in real estate wholesaling to hold a valid real estate license. This legislation aims to regulate wholesale transactions more strictly and enhance consumer protections for sellers in Hawaii.
If passed, SB 2919 could change the way investors operate by requiring licensure for wholesaling activities, which means wholesalers must comply with real estate licensing regulations. This could affect transaction speed, disclosure requirements, and the overall wholesaling process in Hawaii.
The bill proposes establishing a consumer protection fund designed to compensate sellers who may suffer losses due to wholesale real estate transactions. This adds a layer of security for sellers involved in wholesale deals in Hawaii.
Yes, SB 2919 includes specific disclosure mandates tailored to Hawaii’s real estate market. These requirements are intended to improve transparency between wholesalers and sellers, ensuring all parties are fully informed throughout the transaction.
As of now, Hawaii does not explicitly require a real estate license for wholesaling activities. However, the introduction of SB 2919 signals a shift toward formal regulation and may impose licensing obligations if enacted.
Investors should stay informed about the bill’s progress and consider obtaining a real estate license proactively to avoid disruptions. Consulting with a Hawaii real estate attorney or compliance expert is also advisable to navigate evolving laws effectively.
Without clear wholesaling laws, it’s crucial for investors to practice transparency, secure proper contracts, and disclose all material facts to sellers. Maintaining ethical standards helps protect both wholesalers and sellers and mitigates legal risks.
The bill could lead to greater professionalization in wholesaling by requiring licensing and enforcing stricter disclosure. This may increase compliance costs but also raise consumer confidence in wholesale transactions across Hawaii.
Keep an eye on Hawaii’s state legislature announcements and real estate regulatory bodies for timely updates on SB 2919 and any new legislation affecting real estate investing or wholesaling in Hawaii.
Currently, the bill’s focus is specifically on regulating wholesale real estate activities. Other real estate investing practices in Hawaii are not directly affected by this legislation at this time.
Not legal advice. Consult a licensed real estate attorney in Hawaii for guidance on compliance.