REVENUE AND REGULATION
GOVERNOR'S RECOMMENDED FY 2008 BUDGET
0291 Real Estate Commission - Info

MISSION:
To protect the interest of the public when engaged in a real estate transaction; to enforce standards for education, licensing, practice of real estate brokers, salespersons, auctioneers, property managers, residential rental agents, home inspectors, property managers, timeshare agents, and the registration of condominium, timeshare, and subdivision projects.

  ACTUAL
FY 2005
ACTUAL
FY 2006
BUDGETED
FY 2007
REQUESTED
FY 2008
GOVERNOR'S RECOMMENDED
FY 2008
RECOMMENDED INC/(DEC)
FY 2008
FUNDING SOURCE:
   General Funds $0 $0 $0 $0 $0 $0
   Federal Funds 0 0 0 0 0 0
   Other Funds 433,916 443,763 447,094 447,094 456,418 9,324
      Total $433,916 $443,763 $447,094 $447,094 $456,418 $9,324
 
EXPENDITURE DETAIL:
   Personal Services $201,119 $205,788 $247,429 $247,429 $256,753 $9,324
   Operating Expenses 232,796 237,974 199,665 199,665 199,665 0
      Total $433,916 $443,763 $447,094 $447,094 $456,418 $9,324
 
Staffing Level FTE: 4.8 4.8 5.0 5.0 5.0 0.0

  ACTUAL
FY 2005

ACTUAL
FY 2006

ESTIMATED
FY 2007

ESTIMATED
FY 2008

REVENUES:  
   Application Fees $158,805 $107,031 $87,975 $87,975
   New License Fees 38,331 29,648 18,000 18,000
   Renewal Fees 124,780 279,208 164,200 279,850
   Materials Sold 6,911 16,220 5,850 5,850
   Interest Income 17,797 17,616 15,000 15,000
   Changes of Address 6,570 8,070 6,000 6,000
   Certificates of Licensure 2,160 2,595 2,000 2,000
   Late Renewal Fees 6,020 6,235 5,000 5,000
   Intrastate Sales and Services 720 720 720 720
   Penalties Reimbursement of Investigations 7,433 36,874 10,000 10,000
   Seminar Income 80,450 77,830 65,000 65,000
   Miscellaneous 23,537 42 100 100
      
Total

$473,514

$582,089

$379,845

$495,495
PERFORMANCE INDICATORS:  
   Licenses Renewed/New 1,035/774 2,341/540 1,560/350 2,330/350
   Practitioners 4,684 4,515 3,800 3,800
   Examinations:
   Nationally Prepared (Times Given) 575 567 350 350
   Applicants Examined/Passed 361/294 346/284 250/200 250/200
   State Prepared (Times Given) 60 66 80 80
   Applicants Examined/Passed 51/48 59/53 70/65 70/65
   Applicants Reexamined/Passed 126/88 136/98 50/40 50/40
   Complaints:
   Received/Investigated/Resolved 32/29/29 21/24/24 40/34/31 40/34/31
   Hearings Held/Pending 10/16 12/10 17/16 17/16
   Licensees Reprimanded/Probationed 11 2 10 10
   Total Prosecutions 1 0 1 1
   Audits 586 329 375 375

generated 12/05/06 10:45:13 AM