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Realtors group urges the committee to preserve real estate education fund and inspection services
Summary
A representative of the Greater Capital Area Association of Realtors warned the committee about proposed cuts including a $556,000 reduction to inspection and compliance services and a $175,000 planned cut to the Real Estate Education and Guarantee Fund, and asked the council to prioritize DLCP funding for renewals and CE reporting improvements.
Tyler Hagen, representing the Greater Capital Area Association of Realtors, told the committee that budgets reflect priorities and that cuts to DLCP inspection and compliance services would affect members. Hagen flagged a $556,000 cut to inspection and compliance services and a $175,000 proposed reduction to the Real Estate Education and Guarantee Fund and said the association opposed continued rating of the fund without guarantees for licensees.
Hagen described operations supported by the fund — education, continuing education reporting and arbitration-related costs — and said the proposed reductions were cause for concern, particularly in a renewal year for many licensees. He urged the committee to ensure DLCP receives the funding needed to maintain core services and improve renewal and continuing education processes that would encourage license retention and business development.
