Real estate agents-errors and omissions insurance.

07LSO-0416.L1

FISCAL NOTE

	FY 2008	FY 2009	FY 2010
NON-ADMINISTRATIVE IMPACT
Anticipated Revenue Increase:
SPECIAL REVENUE FUND	25,000	26,000	26,500

Source of Revenue Increase:

Fee paid by licencees for errors and omissions insurance administration by Real Estate Commission staff.

Assumptions:

Wyoming has 3500 real estate brokers and salesmen.  Of those, 800 are inactive and 200 will not renew.  However, the Real Estate Commission anticipates a slight increase in active licenses due to current strong economic conditions in Wyoming.

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:

Real Estate Commission

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

(Information provided by Donna Rice, Real Estate Commission; ph. 777-7660)