Nevada_Executive_Budget_2013-2015

B&I - REAL ESTATE ADMINISTRATION
101-3823
PROGRAM DESCRIPTION
The Nevada Real Estate Division safeguards and promotes the public interest in real estate transactions by developing an informed public and a professional real estate industry. The division
carries out the statutory duties of administration and enforcement of laws and regulations governing real estate licensees, appraisers of real estate, appraisal management companies,
community managers for homeowner associations, timeshare agents and representatives, property managers, asset management companies and asset managers for real property before a
foreclosure sale or in preparation for liquidation of real property pursuant to a foreclosure sale, inspectors of structures, energy auditors, and business brokers. In addition, the division
registers and regulates the sale of subdivided land, timeshare development and sales, campground sales, reserve study specialists, and common-interest communities and condominium hotels.
Statutory Authority: NRS 119.114; NRS119A.652 and .660; NRS119B.380; NRS116.615; NRS 116A.200; NRS 116B.805; NRS 645.045; NRS 645C.170; NRS 645D.110, and 645H.280.
BASE
This request continues funding for 17.20 positions and associated operating costs. One-time expenditures have been eliminated and partial year costs have been annualized.
2012-2013 2013-2014 2013-2014 2014-2015 2014-2015
2011-2012 WORK AGENCY GOVERNOR AGENCY GOVERNOR
ACTUAL PROGRAM REQUEST RECOMMENDS REQUEST RECOMMENDS
RESOURCES:
APPROPRIATION CONTROL 848,589 750,995 936,963 867,768 956,029 887,098
REVERSIONS -194,334 0 0 0 0 0
LICENSING AND FEES 418,640 400,000 400,000 400,000 400,000 400,000
TIMESHARE FILING FEES 205,304 130,000 200,000 200,000 200,000 200,000
FFIEC APPRAISER FEES 33,120 44,000 32,000 33,730 32,000 33,730
TESTING FEES 476,850 450,000 460,000 451,288 460,000 451,288
PM EXAM REGISTRATION FEE 65,325 64,900 62,000 56,200 62,000 56,200
PM PERMIT FEE 83,120 77,000 77,000 77,000 77,000 77,000
ADMINISTRATION FEE-B 20,455 16,654 20,000 18,785 20,000 18,785
ADMINISTRATION CHARGE 18,487 24,000 17,000 17,000 17,000 17,000
HANDBOOK SALES 75 150 100 100 100 100
COST ALLOCATION REIMBURSEMENT 306,310 217,871 227,908 202,822 231,088 208,690
TOTAL RESOURCES: 2,281,941 2,175,570 2,432,971 2,324,693 2,455,217 2,349,891
EXPENDITURES:
PERSONNEL 1,110,311 1,142,337 1,287,758 1,272,794 1,310,807 1,295,806
OUT-OF-STATE TRAVEL 1,258 1,421 1,258 1,258 1,258 1,258
IN-STATE TRAVEL 22,443 20,382 31,998 22,443 31,998 22,443
OPERATING EXPENSES 319,673 328,153 327,232 322,776 327,959 323,482
TESTING SERVICES 278,304 259,597 336,231 333,371 336,231 333,371
HANDBOOKS 0 1,946 0 0 0 0
APPRAISER REPORT FEES 33,730 44,010 33,730 33,730 33,730 33,730
APPRAISAL COMPLIANCE 21,750 22,000 22,000 22,000 22,000 22,000
AB432 ENERGY AUDIT 4,569 441 0 0 0 0
INFORMATION SERVICES 112,326 61,140 60,293 27,384 62,629 28,084
DEPARTMENT OF BUSINESS AND INDUSTRY B & I - 143
B&I - REAL ESTATE DIVISION