Haw. Code R. § 16-99-5.1 - Involuntary inactive license status

(a) An individual's license shall be placed on an involuntary inactive status upon the occurrence of one or more of the following:

(1) The principal broker's license is placed on an inactive, forfeited, suspended, revoked, or terminated status;

(2) The brokerage firm, whether a corporation, limited liability company, or partnership, with which the licensee is affiliated or employed, is no longer registered with the business registration division;

(3) The license of the licensee's brokerage firm is placed on an inactive, terminated, revoked, forfeited, or suspended status;

(4) The principal broker is unable to act in the case of prolonged illness or death and no temporary principal broker has been designated pursuant to section 16-99-3(o);

(5) The brokerage firm has no approved place of business; and

(6) The principal broker is absent from the place of business for more than thirty calendar days, or moves out-of-state, and no commission approved temporary principal broker or broker-in-charge has been designated pursuant to section 16-99-3(o).

(b) A branch office license shall be placed on an involuntary inactive status upon the occurrence of one or more of the following:

(1) The license of the brokerage firm or the principal broker is placed on an inactive, forfeited, suspended, revoked, or terminated status; and

(2) The principal broker is unable to act in the case of prolonged illness or death and no commission approved temporary principal broker or broker-in-charge has been designated pursuant to section 16-99-3(o).

(c) A principal broker or broker-in-charge may place an individual licensee associated with or employed by the brokerage firm on an involuntary inactive status after written notification to the affected individual licensee.

(d) A brokerage firm's license, whether a corporation, limited liability company or partnership, shall be placed on an involuntary inactive status upon the occurrence of one or more of the following:

(1) The principal broker's license is placed on an inactive, forfeited, suspended, revoked, or terminated status;

(2) The brokerage firm is no longer registered with the business registration division;

(3) The principal broker is unable to act in the case of prolonged illness or death and no temporary principal broker has been designated pursuant to section 16-99-3(o);

(4) The brokerage firm has no approved place of business; and

(5) The principal broker is absent from the place of business for more than thirty days, or moves out-of-state, and no commission approved temporary principal broker or broker-in-charge has been designated pursuant to section 16-99-3(o).

Notes

Haw. Code R. § 16-99-5.1

[Eff and comp 11/3/90; comp 2/25/91; am and comp 5/21/01] (Auth: HRS § 467-4) (Imp: HRS §§ 467-7, 467-11, 467-12) Am and Comp 12/19/2016