- An out-of-state licensee cannot perform any work within Hawaii.
- An out-of-state licensee may receive a commission from a Hawaii licensee so long as the out-of-state licensee performs no functions physically within the state. - A commission lawsuit can be brought so long as it is lawful.
|
|
ReciprocityAny*
* Termed "Equivalency" in Hawaii, Hawaii offers a license to an out-of-state licensee if the applicant passes the State portion of the Hawii Real Estate Exam |
Specific to Hawaii- |
Reverse ReciprocityThese states specifically mention Hawaii in their Reciprocity: None These States recognize any other State licenses but may have additional requirements: Alaska, Alabama, Colorado, Georgia, Idaho, Indiana, Kansas, Kentucky, Maine, Nebraska, North Carolina, Rhode Island, South Dakota, Tennesee, Vermont, Washington |
Customs
By law, only attorneys may prepare property transfer documents.
Title and escrow companies handle escrows and escrow instructions.
Conveyance of property is by warranty deed; conveyance of leasehold property, which is common throughout the state, is by assignment of lease. Condominiums are everywhere in Hawaii and may be fee simple or leasehold. Sales of some properties, whether fee simple or leasehold, are by agreement of sale. Mortgages are the security instruments.
Title companies issue ALTA owner’s and lender’s policies and make numerous endorsements available.
Buyers and sellers split escrow fees. Sellers pay the title search costs and the conveyance tax. Buyers pay title insurance premiums for the owner’s and lender’s policies.
Title and escrow companies handle escrows and escrow instructions.
Conveyance of property is by warranty deed; conveyance of leasehold property, which is common throughout the state, is by assignment of lease. Condominiums are everywhere in Hawaii and may be fee simple or leasehold. Sales of some properties, whether fee simple or leasehold, are by agreement of sale. Mortgages are the security instruments.
Title companies issue ALTA owner’s and lender’s policies and make numerous endorsements available.
Buyers and sellers split escrow fees. Sellers pay the title search costs and the conveyance tax. Buyers pay title insurance premiums for the owner’s and lender’s policies.