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The Real Estate Commission: A Self-directed, Semi-independent Agency

May 2026

Overview

The Real Estate Commission (Commission) had effective accounting and reporting processes to support the accuracy and completeness of its financial data. However, it should strengthen its processes for preparing its annual financial report.

Although it accurately calculated its enforcement performance measure, it should improve its processes for calculating its licensing measure and verifying that license processing times are accurate.

Additionally, the Commission had adequate processes for setting its fees and penalties based on budgetary needs.

MEDIUM

FINANCIAL DATA

The Commission had adequate processes to help ensure complete and accurate financial data. Although its annual financial report contained calculation and presentation errors, those errors did not affect its overall financial position calculation.

Jump to Chapter 1
MEDIUM

PERFORMANCE DATA

The Commission accurately calculated the enforcement performance measure selected. Its licensing measure fell within the target but was miscalculated. Additionally, it should enhance its process for verifying the accuracy of license processing times.

Jump to Chapter 2
LOW

SETTING FEES AND PENALTIES

The Commission had adequate processes for setting its fees and penalties and calculating cash reserves.

Jump to Chapter 3

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1501 North Congress Ave.
Austin, TX 78701
Phone: (512) 936-9500
Fax: (512) 936-9400
Email: auditor@sao.texas.gov
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