Assigned to COM FOR COMMITTEE ARIZONA STATE SENATE Fifty-Fifth Legislature, Second Regular Session REVISED FACT SHEET FOR H.B. 2694 department of real estate; fees Purpose Removes the minimum fee amounts prescribed for real estate licensure. Background The Arizona Department of Real Estate (ADRE) is established to protect the public interest through the licensure and regulation of real estate, cemetery and membership camping brokers and salespersons in Arizona (A.R.S. § 32-2102). ADRE oversees the business of licensees, land developers and real estate education institutions and monitors the sale of subdivisions, unsubdivided lands, timeshares, condominiums, membership campgrounds and cemeteries. ADRE participates in investigations and administrative hearings and administers the Homeowners Association Dispute Process (A.R.S. § 32-2199). Statute determines a range for fees associated with each real estate license, examination and renewal. The following are the statutorily prescribed minimum fees: 1) $15 for a salesperson's examination application, a salesperson's examination, a temporary broker's license, a temporary cemetery salesperson's license and a membership camping salesperson certificate of convenience; 2) $35 for a broker's examination application, a broker's examination and a salesperson's license; 3) $60 for a salesperson's renewal, a branch office broker's license and a branch office broker's renewal; 4) $75 for a broker's license; and 5) $100 for a broker's renewal. The State Real Estate Commissioner is responsible for determining fee amounts relating to schools and other educational institutions. A corporation, partnership or limited liability company is exempt from the fee for the issuance of a broker's license (A.R.S. § 32-2132). If the removal of minimum fees for real estate licensure results in a change of revenues, there may be a fiscal impact to the state General Fund associated with this legislation. Provisions 1. Removes the $15 minimum fee for a salesperson's examination application, a salesperson's examination, a temporary broker's license, a temporary cemetery salesperson's license and a membership camping salesperson certificate of convenience. 2. Removes the $35 minimum fee for a broker's examination application, a broker's examination and a salesperson's license. 3. Removes the $60 minimum fee for a salesperson's renewal, a branch office broker's license and a branch office broker's renewal. FACT SHEET – Revised H.B. 2694 Page 2 4. Removes the $75 minimum fee for a broker's license. 5. Removes the $100 minimum fee for a broker's renewal. 6. Makes technical changes. 7. Becomes effective on the general effective date. Revisions • Corrects the fiscal impact statement. House Action COM 2/15/22 DP 10-0-0-0 3 rd Read 2/23/22 59-0-1 Prepared by Senate Research March 11, 2022 JT/CY/sr