HRS §437-27.5
Keeping Your Broker License Active
This section says a real estate broker must keep a bond in effect. If the bond lapses, the license is automatically suspended. You can ask for a hearing within a short time after losing the license, but the law does not explain the hearing process here.
real estate agents
The statute, as written — Requirements to maintain license
A broker shall have and maintain in full force and effect a bond as required under section 437-18. Failure, refusal, or neglect to maintain in full force and effect a bond shall cause the automatic suspension of the license effective as of the date of expiration or cancellation of the bond. The license shall not be reinstated until a bond as required under section 437-18 is received by the board. Failure to effect a reinstatement of a suspended license within sixty days of the suspension shall cause the license and all fees to be forfeited. A licensee may, within fifteen calendar days after receipt of notification of the license forfeiture, request an administrative hearing pursuant to chapter 91 to review the forfeiture.
Sections this one refers to
§437-18 Bond requirement for motor vehicle brokers
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.