Hawaii Revised Statutes 514B-82 – Sale of units
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Terms Used In Hawaii Revised Statutes 514B-82
- Commission: means the real estate commission of the State. See Hawaii Revised Statutes 514B-3
- Developer: means a person who undertakes to develop a real estate condominium project, including a person who succeeds to the interest of the developer by acquiring a controlling interest in the developer or in the project. See Hawaii Revised Statutes 514B-3
- Project: means a real estate condominium project; a plan or project whereby a condominium of two or more units located within the condominium property regime are created. See Hawaii Revised Statutes 514B-3
Except as provided in § 514B-85, no sale or offer of sale of units in a project by a developer shall be made prior to the registration of the project by the developer with the commission, the issuance of an effective date for the developer’s public report by the commission, and except as provided by law with respect to time share units, the delivery of the developer’s public report to prospective purchasers. Notwithstanding any other provision to the contrary, where a time share project is duly registered under chapter 514E and a disclosure statement is effective and required to be delivered to the purchaser or prospective purchaser, the developer’s public report need not be delivered to the purchaser or prospective purchaser.