REVENUE AND REGULATION
GOVERNOR'S RECOMMENDED FY 2012 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 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