First Brea (orea) Review

[gregb]

Some interesting tidbits in this self-review-

http://sbp.senate.ca.gov/sites/sbp.senate.ca.gov/files/BREA 2016 Background Paper.pdf

 

[Terrel L. Shields]

Loans made from the former OREA to the General Fund
include $1 million in FY 2003/2004,
$2 million in FY 2004/2005, and $16.6 million in FY
2008/2009. Payments made back to the Bureau
include $5 million in FY 2009/2010 and $8.1 million
in FY 2013/2014, leaving a remaining balance of
$6.5 million ...
​

So you are subsidizing the state with your license fees? Raise your hand if you think the state will pay you back those fees that are "owed"...yeah, that's what I thought.

 

[Randolph Kinney]

Good news, all license levels have been and are declining.

I suspect as the real estate market starts to decline again, more appraisers will drop out.