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 2009	ACTUAL FY 2010	BUDGETED FY 2011	REQUESTED FY 2012	GOVERNOR'S RECOMMENDED FY 2012	RECOMMENDED INC/(DEC) FY 2012
FUNDING SOURCE:
General Funds	$0	$0	$0	$0	$0	$0
Federal Funds	0	0	0	0	0	0
Other Funds	551,773	545,259	606,821	546,821	546,821	(60,000)
Total	$551,773	$545,259	$606,821	$546,821	$546,821	($60,000)
EXPENDITURE DETAIL:
Personal Services	$283,245	$275,703	$286,106	$286,106	$286,106	$0
Operating Expenses	268,529	269,556	320,715	260,715	260,715	(60,000)
Total	$551,773	$545,259	$606,821	$546,821	$546,821	($60,000)
Staffing Level FTE:	5.0	4.9	5.0	5.0	5.0	0.0

	ACTUAL FY 2009	ACTUAL FY 2010	ESTIMATED FY 2011	ESTIMATED FY 2012
REVENUES:
Application Fees	$91,440	$69,435	$64,375	$64,375
New License Fees	19,452	10,504	7,410	7,410
Renewal Fees	202,182	294,002	201,050	276,625
Materials Sold	10,725	10,299	9,800	9,800
Interest Income	45,467	40,370	15,000	15,000
Changes of Address	6,510	7,020	6,495	6,495
Certificates of Licensure	1,890	1,155	1,155	1,155
Late Renewal Fees	7,500	9,910	7,000	7,000
Intrastate Sales and Services	720	720	720	720
Penalties Reimbursement of Investigations	15,882	17,159	13,000	13,000
Seminar Income	69,060	62,690	70,000	70,000
Miscellaneous	143	0	100	100
Total	$470,971	$523,264	$396,105	$471,680
PERFORMANCE INDICATORS:
Licenses Renewed/New	1,594/347	2,460/260	1,586/275	2,450/275
Practitioners	4,260	4,395	4,300	4,400
Examinations:
Nationally Prepared (Times Given)	618	508	538	540
Applicants Examined/Passed	388/323	351/295	381/325	383/327
State Prepared (Times Given)	53	57	55	55
Applicants Examined/Passed	41/38	52/49	50/47	50/47
Applicants Reexamined/Passed	183/158	155/131	160/136	160/136
Complaints:
Received/Investigated/Resolved	27/25/20	32/24/28	32/24/28	32/24/28
Hearings Held/Pending	7/10	11/11	11/11	11/11
Licensees Reprimanded/Probationed	8	7	7	7
Licenses Suspended/Revoked	3	4	3	3
No Action Taken Against Licensee	13	17	17	17
Total Prosecutions	0	0	0	0
Inspections	18	11	10	10
Audits	434	306	400	400
Inquiries Received and Answered	64,875	65,830	65,000	65,000
Applicants Denied SD Licensure	0	0	1	1
Board Meetings Held	8	9	7	7

generated 11/18/10 03:42:13 PM