This course, which was created by the Hawaii Real Estate Commission, focuses on licensees' important disclosure duties and is part of the six hours of required CE for 2023. The course provides an overview of recent legislative updates that impact the real estate industry in Hawaii and explores the mandatory disclosures that must be made in residential real estate transactions. Case studies and examples highlight what's considered a "material fact"--which sometimes isn't clear-cut and may fall in a gray area (e.g., stigmatized properties). The course concludes with a discussion of disclosure compliance under ethical codes, problems resulting from nondisclosure, and property managers' disclosure duties.

Upon completion of this course, you will be able to:

• identify real estate-related bills passed by the legislature in 2023
• identify the laws and regulations pertaining to mandatory seller disclosures in real estate transactions
• recall the definition of "material fact" under statutory and common law
• recall the requirements of disclosure of material facts in residential real estate transactions in Hawaii
• recall the legal elements of a disclosure statement required by HRS chapter 508D
• identify forms and types of disclosures in Hawaii
• recall the application of Hawaii property disclosure to licensees engaged in property management