Staff Reports for January 2018

Table of Contents

Texas Real Estate Commission

Monthly Staff Reports

Contents

Report Report Description Division Director

C1 Customer Service Statistics Reception and Communications Services Lorie DeAnda

L1 Fiscal Year Comparison Education and Licensing Services Gwen Jackson L2 Real Estate Licensee Status Education and Licensing Services Gwen Jackson L3 Examination Statistics Education and Licensing Services Gwen Jackson L4 Instructor Distribution Education and Licensing Services Gwen Jackson

E1 Case Status Standards and Enforcement Services Mark Moore

E2 Open Case Aging Report Standards and Enforcement Services Mark Moore

E3 Complaint Subject Categories Standards and Enforcement Services Mark Moore

I1 Electronic Information Outlet Statistics Information Technology Services Steve Spyropoulos

I2 Detailed Monthly Online Transactions Information Technology Services Steve Spyropoulos

S1 Agency Financial Statement Staff and Support Services

S2 Real Estate Recovery Fund Investments - Current Securities Staff and Support Services

S3 Real Estate Recovery Fund Payments and Repayments Staff and Support Services

S4 Inspection Recovery Fund Status Staff and Support Services

C Customer Service Reception and Communications Services Lorie DeAnda C Statistics Reception and Communications Services Lorie DeAnda

FY2018 FY2017Monthly FYTD Prior FYTD

RCS Incoming Calls Total Total TotalTREC Local line 29,256 110,508 123,962TALCB Local Line 3,279 9,762 6,366Total 32,535 120,270 130,328

FY2018 FY2017Monthly FYTD Prior FYTD

Reception Walk Ins Total Total TotalLicensing 223 850 584Education 12 92 206Inspector 5 43 127Enforcement 9 69 53TALCB Licensing 6 32 47TALCB Enforcement 0 8 17Total 255 1,094 1,034

FY2018 FY2017Monthly FYTD Prior FYTD

RCS E-mail Total Total TotalLicensing 12,637 40,225 29,922Education 433 7,009 9,532Inspector 104 1,508 1,752Enforcement 192 1,061 475TALCB Licensing 526 2,148 1,272TALCB Enforcement 11 56 119Total 13,903 52,007 43,072

C1 Report

Reception and Communications ServicesCustomer Service Statistics

January 2018

TREC TALCB

September 58 2 60 29TREC Website/Hold

Time/Customer Service 29

October 60 4 64 36Email Response/Hold Time/TREC

Website 36

November 47 6 53 28Website/Customer Service/Hold

Time 28

December 26 4 30 11

Hold Time/Customer Service/Application Processing 11

January 80 7 87 39Website/Hold Time/Application

Processing 39

February

March

April

May

June

July

August

Grand Total 271 23 294 143 143C2

Customer Service SurveysFY 2018

Month# Received

TotalComments With

Contact Information

Top Three (3) Comments # Resolved # Unresolved

This YTD Last YTD09/17 – 01/18 09/16– 01/17 Count Percent

Applications ReceivedBroker Original Applications Received 1,189 1,149 40 3.48%Sales Agent Original Applications Received 8,358 8,728 -370 -4.24%

Total Original Applications 9,547 9,877 -330 -3.34%

Broker Reinstatement Applications Received 60 97 -37 -38.14%Sales Agent Reinstatement Applications Received 381 362 19 5.25%

Total Reinstatement Applications Received 441 459 -18 -3.92%

Licenses Issued from ApplicationsBroker Licenses from Original Applications 920 1,040 -120 -11.54%Sales Agent Licenses from Original Applications 8,089 8,530 -441 -5.17%

Total Licenses from Original Applications 9,009 9,570 -561 -5.86%

Broker Licenses from Reinstatement Applications 77 80 -3 -3.75%Sales Agent Licenses from Reinstatement Applications 356 364 -8 -2.20%

Total Licenses from Reinstatement Applications 433 444 -11 -2.48%

This YTD %

Renewed Last YTD%

RenewedRenewal Activity

Broker Renewals and Percentage 8,687 93.06% 9,246 80.18%Sales Agent Renewals and Percentage 17,769 84.18% 16,303 76.13%

**Total Renewals from Broker and Sales 26,456 86.90% 25,549 77.55%

Education & Licensing Services DivisionFiscal Year Comparison

Fiscal Year 2018 - Year-to-DateJANUARY

Change

ELS Division Fiscal Year Comparison L1 Report

This YTD Last YTD09/17 – 01/18 09/16 - 01/17 Count Percent

Applications ReceivedProfessional Inspector Original Applications Received 286 314 -28 -8.92%Real Estate Inspector Original Applications Received 3 6 -3 -50.00%Apprentice Inspector Original Applications Received 37 28 9 32.14%

Total Original Applications 326 348 -22 -6.32%

Professional Inspector Reinstatement Applications 8 11 -3 -27.27%Real Estate Inspector Reinstatement Applications 0 1 -1 -100.00%Apprentice Inspector Reinstatement Applications 0 1 -1 -100.00%

Total Reinstatement Applications Received 8 13 -5 -38.46%

Licenses Issued from ApplicationsProfessional Inspector Licenses from Original Applications 295 286 9 3.15%Real Esate Inspector Licenses from Original Applications 1 7 -6 -85.71%Apprentice Inspector Licenses from Original Applications 27 27 0 0.00%

Total Licenses from Original Applications 323 320 3 0.94%

Professional Inspector Licenses from Reinstatement Applications 7 13 -6 -46.15%Real Estate Inspector Licenses from Reinstatement Applications 0 1 -1 -100.00%Apprentice Inspector Licenses from Reinstatement Applications 0 1 -1 -100.00%

Total Licenses from Reinstatement Applications 7 15 -8 -53.33%

This YTD % Renewed Last YTD

% Renewed

Renewal ActivityProfessional Inspector Renewals and Percentage 320 82.05% 669 78.98%Real Estate Inspector Renewals and Percentage 10 83.33% 17 68.00%Apprentice Inspector Renewals and Percentage 3 42.86% 11 40.74%

**Total Renewals from Inspectors 333 81.42% 697 77.53%

Education & Licensing Services DivisionFiscal Year Comparison

Fiscal Year 2018 - Year-to-DateJANUARY

Change

ELS Division Fiscal Year Comparison L1a Report

EEducation & Licensing Services Division

LLicense Holder and Registrant Status

JJanuary 2018

Jan 17 Feb 17 Mar 17 Apr 17 May 17 Jun 17 Jul 17 Aug 17 Sep 17 Oct 17 Nov 17 Dec 17 Jan 18BrokersIndividual (Active) 33,303 33,339 33,357 33,338 33,307 33,290 33,242 33,215 33,281 33,332 33,242 33,266 33,276Business Entities (Active) 9,925 9,947 9,926 9,983 10,036 10,072 10,177 10,204 10,321 10,411 10,411 10,475 10,488Total Active Status 43,228 43,286 43,283 43,321 43,343 43,362 43,419 43,419 43,602 43,743 43,653 43,741 43,764Inactive Status 1,614 1,598 1,584 1,544 1,535 1,549 1,523 1,531 1,555 1,594 1,573 1,610 1,616Total Brokers 44,842 44,884 44,867 44,865 44,878 44,911 44,942 44,950 45,157 45,337 45,226 45,351 45,380Sales AgentsActive Status 97,864 98,466 99,651 100,667 101,382 101,395 101,923 102,904 103,992 105,059 105,226 105,187 104,877Inactive Status 29,338 29,114 28,795 28,397 28,352 29,082 29,136 28,920 29,738 30,327 29,433 30,844 31,374Total Sales Agents 127,202 127,580 128,446 129,064 129,734 130,477 131,059 131,824 133,730 135,386 134,659 136,031 136,251Total Active 141,092 141,752 142,934 143,988 144,725 144,757 145,342 146,323 147,594 148,802 148,879 148,928 148,641Total Inactive 30,952 30,712 30,379 29,941 29,887 30,631 30,659 30,451 31,293 31,921 31,006 32,454 32,990Total Brokers/Sales Agents 172,044 172,464 173,313 173,929 174,612 175,388 176,001 176,774 178,887 180,723 179,885 181,382 181,631

Real Estate License Holders

Jan 17 Feb 17 Mar 17 Apr 17 May 17 Jun 17 Jul 17 Aug 17 Sep 17 Oct 17 Nov 17 Dec 17 Jan 18Inspector License HoldersProfessional Inspectors (Active) 2,827 2,844 2,879 2,905 2,938 2,962 2,992 3,026 3,073 3,124 3,148 3,188 3,189Real Estate Inspectors (Active) 137 138 142 141 141 142 140 141 143 145 144 146 147Apprentice Inspectors (Active) 131 130 127 132 137 138 138 138 141 143 144 139 140Professional Inspectors (Inactive) 523 530 531 528 531 529 531 530 542 553 554 570 573Real Estate Inspectors (Inactive) 17 16 15 20 22 15 14 14 14 15 15 16 15Apprentice Inspectors (Inactive) 21 21 22 17 15 21 19 20 22 22 22 22 22Total Active 3,095 3,112 3,148 3,178 3,216 3,242 3,270 3,305 3,357 3,412 3,436 3,473 3,476Total Inactive 561 567 568 565 568 565 564 564 578 590 591 608 610Total Inspectors 3,656 3,679 3,716 3,743 3,784 3,807 3,834 3,869 3,935 4,002 4,027 4,081 4,086

Easement & Right-of-way Registrants

Jan 17 Feb 17 Mar 17 Apr 17 May 17 Jun 17 Jul 17 Aug 17 Sep 17 Oct 17 Nov 17 Dec 17 Jan 18ERW RegistrantsBusinesses 50 50 51 50 51 52 52 50 51 51 46 46 46Individuals 1,943 1,911 1,914 1,890 1,934 1,899 1,918 1,922 1,960 1,998 1,966 2,008 2,011Total Registrants 1,993 1,961 1,965 1,940 1,985 1,951 1,970 1,972 2,011 2,049 2,012 2,054 2,057

Total License Holders and Registrants

ELS Division Fiscal Year Comparison L2 Report

Jan 17 Feb 17 Mar 17 Apr 17 May 17 Jun 17 Jul 17 Aug 17 Sep 17 Oct 17 Nov 17 Dec 17 Jan 18License Holders & Registrants 177,693 178,104 178,994 179,612 180,381 181,146 181,805 182,615 184,833 186,774 185,924 187,517 187,774

Real Estate

Examinations Passed 7,159 341 356Examinations Failed 6,334 249 274

Examinations Taken 13,493 590 630

Applicants Examined 9,941 421 451Passed on First Attempt 4,613 238 356

Examination Pass RateApplicant Pass Rate 72.0% 81.0% 78.9%First Attempt Pass Rate 46.4% 56.5% 78.9%

Inspectors Prof. Inspector

Examinations Passed 10 250 235Examinations Failed 15 245 229

Examinations Taken 25 495 464

Applicants Examined 17 364 356Passed on First Attempt 5 172 168

Examination Pass Rate 50.5%Applicant Pass Rate 58.8% 68.7% 66.0%First Attempt Pass Rate 29.4% 47.3% 47.2%

11

6,6465,911

Education & Licensing Services Division - TREC: L3 ReportReal Estate Examination Activity - YTD Comparison

JANUARY 2018

Year-to-Date Comparison 2018 2017

Sales Agent Broker Sales Agent Broker

12,557

8,8046,646

53.1% 57.8% 52.9%

40.0% 47.8%

56.5%75.5%75.5%

Year-to-Date Comparison 2018 2017

R.E. Inspector R.E. Inspector Prof. Inspector

50.6%61.1%38.9%

1223

187

EEducation & Licensing Services Division - L4 ReportIInstructor Distribution

JJanuary 2018

Jan 17 Feb 17 Mar 17 Apr 17 May 17 Jun 17 Jul 17 Aug 17 Sep 17 Oct 17 Nov 17 Dec 17 Jan 18CE Electives Only - Real Estate 1380 1385 1402 1373 1354 1361 1358 1381 1379 1389 1 1421 1458Qualifying and CE Electives 760 747 739 727 716 700 683 689 678 672 6 657 672Broker Responsibility 227 226 228 226 227 220 218 215 213 209 2 216 217CE Legal Update I and II 398 392 393 389 386 375 371 366 361 357 388 393

Approved Real Estate Instructor Distribution

Jan 17 Feb 17 Mar 17 Apr 17 May 17 Jun 17 Jul 17 Aug 17 Sep 17 Oct 17 Nov 17 Dec 17 Jan 18CE Electives Only - Real Estate 36 36 35 36 36 37 36 38 38 37 44 38Qualifying and CE Electives 114 112 113 112 115 121 121 123 123 119 125 118Broker Responsibility 49 49 50 48 52 55 55 56 56 55 54 54CE Legal Update I and II 57 57 59 57 61 62 64 64 67 66 65 64

Approved Inspector Instructor Distribution

Sep 17 Oct 17 Nov 17 Dec 17 Jan 18 Feb 18 Mar 18 Apr 18 May 18 Jun 18 Jul 18 Aug 18 YTDReceived During Month 431 547 350 351 370 2049Broker/Sales 111 138 89 91 113 542Inspector 4 9 4 8 4 29Timeshare 2 2 5 3 1 13Unlicensed Activity 2 0 1 0 1 4Residential Service Company 13 14 11 4 15 57No Jurisdiction 12 14 13 8 19 66Application Investigation 231 268 173 165 187 1024MCD Inquiry 55 99 52 67 29 302Education Related 1 3 2 3 1 10Easement ROW 0 0 0 1 0 1

Sep 17 Oct 17 Nov 17 Dec 17 Jan 18 Feb 18 Mar 18 Apr 18 May 18 Jun 18 Jul 18 Aug 18 YTD

Closed During Month 475 470 447 311 492 2195Complaint Withdrawn 14 11 4 3 3 35Cease & Desist Issued 1 0 0 1 0 2Disciplinary Action 57 43 56 23 35 214Failure to Go Forward 72 61 64 55 85 337Insufficient Evidence 38 43 39 36 29 185Matter Settled 9 8 9 7 21 54No Jurisdiction 54 63 45 28 46 236No Violation 7 9 7 3 7 33Application Investigation 158 138 154 109 175 734MCD Inquiries 61 87 65 40 84 337Other 4 7 4 6 7 28

Open at Beginning of Month 1624Received During Month 370Closed During Month 492Open at End of Month 1502

SStandards & Enforcement Services Division - TREC: E1 ReportCCase Status

FFY 2018

Standards & Enforcement Services Division Case Status Report E1 Report

Received During Fiscal Year 2049Closed During Fiscal Year 2195

Standards & Enforcement Services Division Open Case Aging E2 Report

Open Case Aging ReportStandards & Enforcement Services Division - TREC: E2 Report

as of 1/31/2018

Subject Matter Categories Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17 Aug-17 Sep-17 Oct-17 Nov-17 Dec-17 Jan-18 Total YTD

AdministrativeBad check, contact information, uncooperative, etc.

6 3 4 4 1 5 5 3 3 3 1 1 4 43 2.79%

AdvertisingIncludes misleading & dba 4 9 6 6 13 5 5 11 11 10 4 3 10 97 6.30%

Breach of Fiduciary DutyIncluding false promise 11 15 8 16 9 7 14 13 7 10 19 5 8 142 9.23%

Broker Supervision 4 8 2 5 5 4 4 8 5 3 10 2 6 66 4.29%Failure to Disclose 4 9 5 3 2 2 5 5 2 0 3 1 1 42 2.73%Improper contract/Seller Disclosure form usageIncluding false promise

2 1 0 0 2 0 2 0 0 0 1 1 0 9 0.58%

Intermediary/IABS 2 3 2 3 2 2 2 2 0 2 1 1 0 22 1.43%Leasing/PropertyManagement - Misappropriation

4 1 2 5 4 2 3 4 2 6 1 2 2 38 2.47%

Leasing/PropertyManagement - OtherIncludes negligence, referral, etc.

13 10 9 5 10 11 7 8 16 9 20 8 9 135 8.77%

Licensure IssuesCriminal background check, disapprovals, probationary license, etc.

16 16 5 41 28 21 24 29 19 18 26 16 24 283 18.39%

License Holder Acting as Principal 7 4 2 7 3 7 1 4 10 2 5 1 4 57 3.70%

Sales MisappropriationOther than Leasing/Property Management - Misappropriation

0 1 2 1 2 0 4 0 4 0 0 0 0 14 0.91%

Sales OtherIncludes negligence, rebate, referral, earnest money, etc. (other than Leasing/Property Management - Other)

34 46 33 39 38 36 30 32 57 60 53 26 33 517 33.59%

Unlicensed Activity 8 3 5 6 2 4 11 9 8 9 4 4 1 74 4.81%Total 115 129 85 141 121 106 117 128 144 132 148 71 102 1539

Compaint Subject Categories by Month

Website FYTD TotalPrior FYTD

TotalTotal Pages Viewed 2,887,232 15,935,233 15,241,687Total Monthly Unique Visits 140,004 734,738 N/A

Online FYTD Online Prior FYTDOnline Transactions Total Online Percent Percent Percent

Applications 2882 2648 91.9% 91.6% 81.6%Broker Application 307 295 96.1% 91.5% 69.7%Sales Agent Application 2505 2301 91.9% 92.3% 83.5%Corporate Broker Application 70 52 74.3% 69.2% 57.1%

Renewals 5576 5409 97.0% 96.9% 97.1%Broker Renewals 1279 1222 95.5% 95.6% 96.6%Sales Agent Renewal 3905 3819 97.8% 97.7% 98.4%Corporate Broker Renewals 258 238 92.2% 94.0% 87.7%Professional Inspector Renewals 86 85 98.8% 96.9% 93.7%Real Estate Inspector Renewals 7 6 85.7% 93.8% 81.7%Apprentice Inspector Renewals 2 2 100.0% 100.0% 100.0%Easement ROW Business Renewals 1 1 100.0% 100.0% 41.7%Easement ROW Individual Renewals 38 36 94.7% 89.9% 92.2%

Sponsorship Transactions 10047 9517 94.7% 95.5% 90.5%Additions 4931 4892 99.2% 99.1% 98.0%Removals 5116 4625 90.4% 91.3% 81.9%

Information & Technology Services Electronic Information Outlet Statistics I1 Report

Information & Technology Services Division

January 2018

Current Month

Electronic Information Outlet Statistics

Applications Jan '17 Feb '17 Mar '17 Apr '17 May '17 Jun '17 Jul '17 Aug '17 Sep '17 Oct '17 Nov '17 Dec '17 Jan '18Broker ApplicationSales Agent ApplicationBroker Organization ApplicationsTotal Utilization - Applications

Renewals Jan '17 Feb '17 Mar '17 Apr '17 May '17 Jun '17 Jul '17 Aug '17 Sep '17 Oct '17 Nov '17 Dec '17 Jan '18Broker RenewalsSales Agent RenewalBroker Organization RenewalProfessional Inspector RenewalsReal Estate Inspector RenewalsApprentice Inspector RenewalsEasement ROW Business RenewalsEasement ROW Individual RenewalsTotal Utilization - Renewals

RMT Jan '17 Feb '17 Mar '17 Apr '17 May '17 Jun '17 Jul '17 Aug '17 Sep '17 Oct '17 Nov '17 Dec '17 Jan '18Sponsorship InvitationsSponsorship RemovalsTotal Utilization - RMT

Information & Technology Services Electronic Information Outlet Statistics I2 Report

Information & Technology Services DivisionElectronic Information Outlet Statistics

January 2018

Beginning EndingPurchase Par Purchase Market Additions Market Accrued Maturity

Date Value Price Value Changes Value Interest Description Date

03/31/2017 999,928.57 999,819.87 999,228.62 (2,737.35) 996,491.27 3,827.88 U.S. T-Notes, 1.000% 03/15/201811/21/2016 996,900.00 999,796.51 996,202.17 3,316.43 999,518.60 3,839.50 U.S. T-Notes, 1.000% 03/15/201809/13/2017 2,005,400.00 1,999,759.81 1,995,693.86 220.60 1,995,914.46 7,700.29 U.S. T-Notes, 1.000% 09/15/201812/20/2017 2,411,000.00 2,399,453.16 2,398,390.47 (771.52) 2,397,618.95 3,974.18 U.S. T-Notes, 1.250% 12/15/201809/13/2017 3,014,400.00 2,999,563.50 2,984,135.42 (2,712.96) 2,981,422.46 11,574.63 U.S. T-Notes, 1.000% 03/15/201906/20/2017 2,502,000.00 2,499,550.23 2,498,096.88 100.08 2,498,196.96 3,711.76 U.S. T-Notes, 1.130% 06/15/2018

Totals $ 11,929,628.57 $ 11,897,943.08 $ 11,871,747.42 $ (2,584.72) $ 11,869,162.70 $ 34,628.24 $

Beginning Current CumulativeBalance Month Totals

Beginning Cash Available Balance $ 3,786,531.31

Current Month Receipts $ 774,293.86

Current Month Disbursements $ (769,824.01)

Total Cash $ 3,791,001.16Investment Ending Market Value 11,869,162.70Total Account Balance 15,660,163.86Reserved for Long-Term Facilities Master Plan (11,478,424.00)Reserved for Education Development (528,985.14)Ending Balance Available for Operations $ 3,652,754.72

Investment Compliance: These investments have been made in compliance with the Commission's Investment Policy.

Priscilla Pipho, Investment Officer Melissa Huerta, Alternate Investment Officer Oretha Trice, Alternate Investment Officer

Monthly Activity

Staff Services DivisionTexas Real Estate Commission Operating Account No. 3055 Investments

Holdings ReportJanuary 2018

Beginning EndingPurchase Par Purchase Market Additions Market Accrued Maturity

Date Value Price Value Changes Value Interest Description Date

03/31/2017 399,971.43 399,927.96 399,691.45 115.99 399,807.44 1,535.80 U.S. T-Notes, 1.00% 03/15/201809/13/2017 498,700.00 499,841.73 496,286.29 54.86 496,341.15 1,914.90 U.S. T-Notes, 1.00% 09/15/201812/20/2017 602,000.00 599,093.37 598,851.54 (192.64) 598,658.90 992.31 U.S. T-Notes, 1.25% 12/15/201806/20/2017 400,000.00 399,530.23 399,376.00 16.00 399,392.00 593.41 U.S. T-Notes, 1.130% 06/15/2018

Totals $ 1,900,671.43 $ 1,898,393.29 $ 1,894,205.28 $ (5.79) $ 1,894,199.49 $ 5,036.42

Beginning Current EndingReceipts: Balance Month BalanceLicensees' Remittances to Recovery Fund $ 17,110.00

Interest Realized 879.56Repayments to Recovery Fund (Principal and Interest) 840.00Administrative Penalties 5,500.00Investments Matured 0.00

$ 760,415.20 $ 24,329.56 $ 784,744.76

Disbursements:Investments Purchased $ 0.00Accrued Interest Purchased 0.00Payments from Recovery Fund 4,895.09Administrative Costs 66.52

$ 4,961.61 (4,961.61)Cash Balance 779,783.15Investment Ending Market Value 1,894,199.49Total Portfolio 2,673,982.64Treasury Cash Balance 653.48Reserved for Potential Payments Within 90 Days (696,555.00)Balance $ 1,978,081.12

Investment Position: The Fund is capable of meeting all known obligations.Investment Compliance: The Investment Policy of the Commission has been followed.

Priscilla Pipho, Investment Officer Oretha Trice, Alternate Investment OfficerMelissa Huerta, Alternate Investment Officer

Staff Services DivisionReal Estate Recovery Trust Account No. 3058 Investments

Current SecuritiesJanuary 2018

Total Received

Total Disbursed

Payment Repayment Admin Penalties Admin Payments Number ofMonth-Year Total Total Total Costs FY2018-To-Date Claims FY2018January 2017 71,183.04 2,212.76 14,720.00 584.74 0.00 0February 2017 5,291.40 30,840.00 11,525.00 84.51 0.00 0March 2017 62,983.19 48,061.89 17,775.00 78.63 0.00 0April 2017 0.00 840.00 7,145.50 87.31 0.00 0May 2017 11,246.88 840.00 36,250.00 57.77 0.00 0June 2017 26,281.48 1,254.23 18,400.00 267.92 0.00 0July 2017 0.00 1,621.04 12,600.00 59.14 0.00 0August 2017 0.00 840.00 17,352.00 (77.48) 0.00 0September 2017 0.00 840.00 13,432.75 72.39 0.00 0October 2017 0.00 840.00 19,441.28 62.10 0.00 0November 2017 26,853.64 840.00 4,700.00 64.48 26,853.64 1December 2017 0.00 28,903.91 15,000.00 162.92 0.00 0January 2018 4,895.09 840.00 5,500.00 66.52 4,895.09 1

208,734.72 118,773.83 193,841.53 1,570.95 31,748.73 2

Potential Payments*Next 3 Months (696,555.00)

Fiscal Year # of Payments Total Paymentsthru 2008 636 10,726,152.86

2009 12 88,299.352010 5 536,637.132011 20 856,843.032012 21 527,323.232013 18 904,295.082014 13 297,028.022015 15 490,540.912016 20 636,691.802017 14 319,142.232018 2 31,748.73Total 776 $15,414,702.37

*Potential Payments: Payments could be made in the time periods indicated. Several time/work variables can affect the actual payment dates.

Staff Services DivisionReal Estate Recovery Trust Account No. 3058 Investments

Payments and RepaymentsJanuary 2018

Payment History

Staff Services DivisionReal Estate Inspection Recovery Fund No. 0889 (3059)

EndingPar Purchase Additions Market Accrued

Value Price Changes Value Interest

349,000.00 349,799.00 38.39 347,349.23 1,340.08240,700.00 239,537.83 (77.02) 239,364.12 396.76

Totals 589,700.00$ 589,336.83$ (38.63)$ $586,713.35 $1,736.84

Beginning Current Cumulative Fiscal Number of TotalBalance Month Totals Year Payments Payments

Beginning Balance 40,891.04$ $ $ 40,891.041991 - 2006 45 $ 319,879.95

Receipts: 2008 0 0.00Licensees' Remittances to Recovery Fund $ 400.00 2009 1 12,500.00Interest Realized (includes accruals) 22.26 2010 2 16,205.00Treasury Note Semi-Annual Interest 0.00 2011 2 25,000.00Repayments 0.00 2012 1 12,500.00Administrative Penalties 250.00 2013 0 0.00Investments Matured 0.00 2014 0 0.00

$ 672.26 2015 0 0.002016 1 2,275.23

Disbursements: 2017 2 25,000.00Investments Purchased $ 0.00 2018 0 0.00Payments from Recovery Fund 0.00

* Cash Transfer Trust to Treasury 27,643.02 Total 54 $ 413,360.18Administrative Costs 23.47

$ (27,666.49)Total Cash $ 13,896.81

Reserved for Potential Payment within 90 Days (12,500.00)

Unobligated Fund Balance $ 1,396.81

Investment Ending Market Value 586,713.35

Balance $ 588,110.16

Investment Position: The Fund is capable of meeting all known obligations.Investment Compliance: The Investment Policy of the Commission has been followed.

Priscilla Pipho, Investment Officer Melissa Huerta, Alternate Oretha Trice, Alternate Investment Officer

Total Received in Current Month

Total Disbursed in Current Month

* Per Occupation Code, Sec. 1102.353(d) If the balance in the fund on December 31 of a year is more than $600,000, the commission shall transfer the amount in excess of $600,000 to the credit of the general revenue fund.

12/20/2017 239,441.14 U.S. T-Notes 1.25% 12/15/2018586,751.98$

Monthly Activity Payment History

9/13/2017 347,310.84 U.S. T-Notes, 1% 09/15/2018

Date Value Description Date

January 2018

BeginningPurchase Market Maturity

Staff Services Inspection Recovery Fund S4 Report