Terms Used In Hawaii Revised Statutes 467-1.5

  • Commission: means the real estate commission of the State. See Hawaii Revised Statutes 467-1
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Real estate: means and includes lands, the improvements thereon, leaseholds, and all other interests in real property. See Hawaii Revised Statutes 467-1

Nothing in this chapter or in any of the rules adopted to implement this chapter shall be deemed to create an employer-employee relationship between a real estate broker and the broker’s licensees; provided that the commission shall have all power necessary to regulate the relationships, duties and liabilities among real estate brokers and real estate salespersons in order to protect the public.