HRS §514E-2
Status of property
This section says that splitting real estate into time-shared pieces does not change its legal nature as real property. For real estate agents, a time share interest counts as real estate, and selling it counts as selling real property.
real estate agents
The statute, as written — Status of property
(a) The temporal division of any interest in real property shall not, in and of itself, affect its status as real property. (b) Whether a time share plan is a time share ownership plan or time share use plan, for purposes of chapter 467 a time share interest shall constitute "real estate" and the offer or sale thereof shall constitute the offer or sale of an interest in real property.
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