Real estate agents and appraisers-background checks.

06LSO-0318.L1

FISCAL NOTE

	FY 2007	FY 2008	FY 2009
NON-ADMINISTRATIVE IMPACT
Anticipated Revenue Increase:
GENERAL FUND	1,500	1,500	1,500

Source of revenue increase:

Each background check requires submission of fees for processing.  By statute, the fee for the state check is $15 (W.S. 7-19-108), and the fee for the federal background check is $24. The state fee is placed in the General Fund while the FBI bills DCI on a monthly basis to collect the federal fee.  While a state can opt to conduct state background checks only, the FBI background check cannot occur without a state background check having first been conducted.

Assumptions:

This fiscal impact review is based on information provided by the Wyoming Real Estate Commission, and from information on the number of “state-only” background checks conducted for the Wyoming Real Estate Commission in 2005.  According to Wyoming Real Estate Commission staff, along with the estimated 550 background checks for real estate brokers and sales-persons (which are currently required), an estimated 100 appraiser checks would be sent to DCI annually.

No significant fiscal or personnel impact to the Wyoming Real Estate Commission.

NOTICE-AGENCY ESTIMATE OF ADMINISTRATIVE IMPACT REQUESTED

This bill has administrative impact that appears to increase (or decrease) duties or responsibilities of one or more state agencies and may impact agency spending or staffing requirements. As introduced, the bill does not modify any state agency budget or current personnel authorizations.

The following state agencies will be asked to provide their estimate of the administrative fiscal impact prior to the first committee meeting held to consider the bill:

Attorney General’s Office

Prepared by:   Joy Hill, LSO                    Phone:   777-7881

(Information provided by Matt Petry, Attorney General’s Office, ph. 777-7840; Donna Rice, Wyoming Real Estate Commission, ph. 777-7141)