agency

Principal Broker and Broker-in-Charge (Hawaii)

Every Hawaii brokerage firm must have a principal broker (PB) with direct management and supervision of the firm and its licensees under HRS 467-1.6, including trust accounts, records, policies, and keeping licenses current. The PB may delegate management to brokers-in-charge (BICs) but remains responsible. If a PB will be absent more than 30 days with no other BIC registered, a temporary PB must be designated, for up to six months. Without one, the firm's licensees go on involuntary inactive status.