ARIZONA HOUSE OF REPRESENTATIVES

Fifty-sixth Legislature

Second Regular Session

House: DPA 7-0-1-1

HB 2633: real estate information technology fund

Sponsor: Representative Gillette, LD 30

Caucus & COW

Overview

Establishes the Real Estate Information Technology Fund (Fund).

History

The Department of Real Estate (ADRE) regulates real estate, cemetery and membership camping brokers and salespersons. Additionally, ADRE monitors licensee activity, investigates complaints against licensees and land developers and partakes in administrative hearings.

ADRE is required to deposit revenue from fees pertaining to applications, examinations, licenses and renewals for brokers or salespersons, into the state General Fund, unless otherwise prescribed by law (A.R.S. § 32-2103).

The state real estate commissioner is required to charge fees for various real estate activities including:

1) a broker's license fee not exceeding $250;

2) a broker's renewal fee not exceeding $400;

3) a salesperson's license fee not exceeding $125; and

4) a salesperson's renewal fee not exceeding $200 (A.R.S. § 32-2132).

Provisions

1. Mandates that ADRE deposit money collected from renewal and license fees for brokers and salespersons, of certain amounts, into the Fund. (Sec. 1)

2. Excludes collected monies from the revenue and fees that the state real estate commissioner is required to revise as prescribed in statute. (Sec. 1)

3. Establishes the Fund. (Sec. 2)

4. Prescribes that the Fund will be used to:

a) supplement upgrades to ADRE software and equipment;

b) contract for upgrades to software and equipment with external vendors; and

c) support software subscriptions. (Sec. 2)

5. Prohibits the Fund from supplanting ADRE staff salaries. (Sec. 2)

6. States that the Fund is continuously appropriated and exempt from the provisions of statute relating to lapsing of appropriations. (Sec. 2)

7. Prohibits a broker or salesperson license or renewal fee from exceeding:

a) $25 through FY 2028; and

b) $15 beginning in FY 2029. (Sec. 3)

8. Makes technical and conforming changes. (Sec. 1, 2)

Amendments

Committee on Government

1. Specifies that in FY 2028, $25 of license and renewal fees for brokers or salespersons will be deposited into the Fund.

2. Clarifies that in FY 2029, $15 of license and renewal fees for brokers and salespersons will be deposited into the Fund.

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6. HB 2633

7. Initials SJ/AC Page 0 Caucus & COW

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