SUMMARY OF: A Sunset Review of the Department of Commerce,

Community, and Economic Development,

Real Estate Commission

Why DLA Performed This Audit

The purpose of the audit was to determine if the commission should continue to exist and to what extent its termination date should be extended. The commission is set to sunset June 30, 2018, and will have one year from that date to conclude its administrative operations.

Report Conclusions

The audit concludes the commission is serving the public’s interest by effectively licensing and regulating real estate licensees and offices. The commission monitored licensees and worked to ensure only qualified individuals practice in Alaska. Furthermore, the commission developed and adopted regulations to improve the real estate industry and better protect the public.

In accordance with AS 08.03.010(c)(19), the commission is scheduled to terminate on June 30, 2018. We recommend that the legislature extend the commission’s termination date to
June 30, 2026.

Findings and Recommendations

  1. The Division of Corporations, Business, and Professional Licensing’s chief investigator should continue to improve oversight to ensure cases are actively investigated and completed timely.