Haw. Code R. § 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.
Notes
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