HAR §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 §16-99-5.2 99-17 (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). [Eff and comp 11/3/90; comp 2/25/91; am and comp 5/21/01; am and comp 12/19/16] (Auth: HRS §467-4) (Imp: HRS §§467-7, 467-11, 467-12)