Renewal Fees to Increase

The approval process has been completed for the State Real Estate Commission to increase its biennial renewal fees for real estate licensees including brokers and associate brokers, cemetery brokers and salespersons, rental listing referral agents, and salespersons. The increase will take effect during the next renewal cycle (2006-08).

Under provisions of the Real Estate Licensing and Registration Act, the Real Estate Commission must generate enough revenue so as to meet or exceed projected expenditures.

New fees are as follows:

  Biennial renewal for brokers, cemetery brokers, branch offices, rental listing referral agents, brokers of record and partners or offices for a partnership association or corporation from $84

to $126.

  Biennial renewal for cemetery companies, associate brokers, salespersons, cemetery associate brokers, cemetery salespersons or campground membership salespersons from $64 to $96.

  Annual renewal of registration of promotional property from $75 to $113.

  Annual renewal of approval of real estate education providers from $250 to $375 plus an increase from $10 to $15 for each satellite location, course or instructor.

Although PAR put forward no barrier towards the fee increase, we noted a backlog of application processing happens with every renewal cycle. We therefore asked the Commission to urge the Bureau of Professional and Occupational Affairs to use the additional monies raised by the proposed fee increase to hire additional staff for processing renewal applications and other duties as required by the Commission.