Real Estate Prices

DQNews - San Diego Union Tribune Zip Code Chart -- December 29, 2005 DQNews Home | DataQuick | Forums | -- Release | Custom Reports Search -- i Updated: December 16, 2005 -- -- -- Real Estate News -- . -- DQNEWS HOME -- RECENT RELEASES Monthly for SoCal Monthly for Bay Area New! -- CA Monthly City Chart ZIP CODE CHARTS Updated Monthly: LA Times Zip Chart SD Union Tribune Chart OC Register Chart SF Chronicle Chart Sacramento Bee Chart Annual Charts: CA 2004 City Chart LA Times 2004 Chart OC Register 2004 Chart SD Tribune 2004 Chart SF Chronicle 2004 Chart Sac Bee 2004 Chart Updated Weekly: SJ Mercury News Chart California SoCal Area Bay Area -- REGIONAL CHARTS Phoenix 3Q05 Honolulu 3Q05 Las Vegas 3Q05 Portland 3Q05 Seattle 3Q05 Nashville 3Q05 Miami/Palm Bch 3Q05 Jacksonville, FL 3Q05 Denver 3Q05 Chicago 3Q05 CURRENT HEADLINES Home Sale Trends Mortgage Trends -- Foreclosures Million Dollar Homes Building Activity Other Feature Articles NATIONAL NEWS -- WEB SITE EXTRAS ARCHIVED ARTICLES -- Customized News Services -- -- Custom Reports Archived Zip Code Charts Archived Articles -- Enter your email address to receive DQNews Headlines by email: -- Who We Are -- -- -- Find Out More About DQNews San Diego Union Tribune Zip Code Chart for Home Sales Recorded in November 2005 Back Issues are available through Custom Reports Resale New Single-Family Condominiums All Combined New Place Zip Sales Median % Chg Sales Median % Chg Sales Median % Chg Central San Diego 477 $539,000 5.7% 384 $430,000 4.4% 323 $444,500 -15.3% Allied Gardens, Del Cerro 92120 16 $589,000 7.1% 8 $367,000 -12.2% 5 $320,000 n/a City Heights 92105 28 $418,500 5.3% 17 $250,000 -5.1% 3 $224,000 -42.3% Clairemont 92117 32 $578,250 6.1% 5 $316,000 -3.5% n/a n/a n/a College 92115 29 $468,000 5.2% 16 $311,000 -11.1% 14 $234,000 -20.7% Coronado 92118 6 $1,235,000 -2.9% 17 $825,000 -37.4% n/a n/a n/a Downtown 92101 n/a n/a n/a 48 $539,250 -20.4% 147 $530,000 1.0% Encanto 92114 48 $450,000 9.5% n/a n/a n/a 4 $260,000 -45.8% Golden Hill 92102 19 $440,000 4.1% 4 $237,500 -18.1% n/a n/a n/a Hillcrest, Mission Hills 92103 12 $1,085,000 52.8% 24 $495,000 2.7% 10 $564,500 -9.7% Kensington, Normal Hts 92116 24 $504,500 -14.9% 7 $425,000 21.4% 14 $282,500 15.3% La Jolla 92037 18 $2,025,000 37.3% 35 $595,000 1.7% 22 $462,000 -13.6% Linda Vista 92111 17 $534,000 4.2% 9 $314,000 -18.1% 1 $296,000 n/a Logan Hts 92113 18 $368,500 -0.8% 1 $300,000 26.6% n/a n/a n/a Mira Mesa 92126 52 $520,000 4.0% 23 $400,000 12.7% 3 $359,500 1.3% Mission Bch, Pacific Bch 92109 13 $940,000 19.0% 25 $600,000 5.3% 10 $422,000 -22.6% Mission Valley 92108 n/a n/a n/a 25 $356,000 0.3% 1 $804,500 57.4% Morena 92110 8 $649,500 17.6% 12 $430,000 9.6% n/a n/a n/a North Park 92104 13 $575,000 13.1% 14 $318,000 1.9% 1 $360,000 n/a Ocean Beach 92107 10 $772,000 -8.0% 9 $410,000 -1.2% 4 $431,750 12.1% Paradise Hills 92139 18 $482,500 8.7% 8 $367,500 4.6% 7 $314,500 n/a Point Loma 92106 16 $870,000 15.2% 3 $605,000 24.7% n/a n/a n/a San Carlos 92119 15 $539,000 -2.0% 4 $317,000 0.3% 1 $1,350,000 n/a Scripps Rch 92131 21 $705,000 0.7% 20 $442,500 0.1% 18 $995,000 7.7% Serra Mesa 92123 15 $515,000 7.3% 12 $327,250 -27.7% 8 $517,250 2.1% Sorrento Val. 92121 4 $735,000 -7.3% 6 $422,250 -3.8% n/a n/a n/a Tierrasanta 92124 13 $675,000 -3.6% 15 $425,000 -0.6% n/a n/a n/a University Cty 92122 12 $720,000 6.4% 17 $465,000 -8.8% 50 $344,000 -28.0% East County 317 $490,000 6.5% 82 $325,000 1.7% 63 $446,000 -5.9% Alpine 91901 17 $679,000 8.6% 1 $245,000 -6.1% 5 $699,000 -17.5% Boulevard 91905 2 $353,750 114.4% n/a n/a n/a n/a n/a n/a Campo 91906 4 $386,000 42.3% n/a n/a n/a 20 $395,500 n/a Descanso 91916 2 $442,500 n/a n/a n/a n/a n/a n/a n/a El Cajon 92019 34 $545,500 4.4% 9 $356,000 1.7% 3 $275,000 -59.6% El Cajon 92020 30 $480,000 -4.0% 4 $280,000 -9.4% 2 $294,250 -25.5% El Cajon 92021 34 $466,000 -0.2% 15 $310,000 -4.6% 7 $955,500 106.1% Jacumba 91934 1 $92,000 -23.3% n/a n/a n/a n/a n/a n/a Jamul 91935 10 $792,500 -2.5% n/a n/a n/a n/a n/a n/a La Mesa, Mt. Helix 91941 37 $524,000 17.2% 4 $321,500 7.3% 8 $873,000 -5.4% La Mesa, Grossmont 91942 8 $515,000 1.9% 5 $428,500 30.8% n/a n/a n/a Lakeside 92040 23 $540,000 11.8% 6 $301,000 36.8% n/a n/a n/a Lemon Grove 91945 17 $435,000 3.0% 1 $315,000 0.2% 3 $312,000 n/a Pine Valley 91962 3 $495,000 43.5% n/a n/a n/a n/a n/a n/a Rancho San Diego 91978 4 $514,000 13.2% 1 $355,000 15.6% n/a n/a n/a Santee 92071 36 $470,000 8.5% 21 $350,000 11.5% 14 $474,500 1.7% Spring Valley 91977 55 $475,000 8.1% 15 $327,000 -7.2% 1 $660,000 19.3% North County Inland 547 $580,000 12.6% 134 $365,000 6.0% 218 $668,500 6.9% Bonsall 92003 6 $837,000 29.0% 3 $324,500 -20.9% n/a n/a n/a Borrego Spr. 92004 3 $125,000 -60.9% 1 $240,000 81.8% n/a n/a n/a Escondido S 92025 29 $490,000 4.8% 12 $317,500 0.8% 1 $575,000 -40.8% Escondido N 92026 41 $500,000 5.3% 6 $334,500 33.3% 12 $781,500 4.9% Escondido E 92027 46 $479,000 11.5% 2 $260,000 -3.3% 1 $948,500 50.6% Escondido W 92029 16 $664,500 6.3% n/a n/a n/a 1 $940,000 n/a Fallbrook 92028 48 $605,000 21.2% 2 $214,823 -40.3% 8 $797,250 26.6% Julian 92036 2 $271,000 48.5% n/a n/a n/a n/a n/a n/a Palomar Mtn 92060 n/a n/a n/a n/a n/a n/a n/a n/a n/a Pauma Valley 92061 1 $220,000 n/a n/a n/a n/a n/a n/a n/a Penasquitos 92129 41 $686,000 5.9% 17 $340,000 -2.9% 13 $917,000 73.0% Poway 92064 42 $588,000 7.1% 5 $420,000 -0.9% 1 $255,000 -88.5% Ramona 92065 36 $575,000 17.1% 5 $302,500 -11.9% 1 $659,000 -9.4% Rancho Bernardo W 92127 20 $1,050,000 70.7% 13 $395,000 18.6% 69 $457,500 -17.9% Rancho Bernardo E 92128 41 $675,000 16.4% 28 $420,000 -2.3% 6 $322,500 11.2% Rancho Santa Fe 92067 4 $2,512,500 11.7% n/a n/a n/a 1 $1,320,500 109.6% Rancho Santa Fe post office 92091 2 $2,800,000 93.1% 1 $865,000 -3.4% n/a n/a n/a San Marcos N 92069 35 $526,000 5.2% 6 $385,000 20.9% 10 $363,500 -39.9% San Marcos S 92078 37 $650,000 13.5% 13 $378,500 -7.2% 73 $702,000 21.5% Santa Ysabel 92070 1 $206,500 n/a n/a n/a n/a n/a n/a n/a Valley Center 92082 13 $660,000 -2.6% n/a n/a n/a 12 $840,500 5.6% Vista S 92081 20 $555,000 4.7% 5 $420,000 28.4% 1 $543,000 -41.4% Vista W 92083 25 $460,000 5.7% 9 $360,000 15.0% 5 $690,000 4.5% Vista E 92084 37 $580,000 19.6% 6 $367,000 11.4% 1 $889,000 175.2% Warner Spr 92086 1 $611,000 35.0% n/a n/a n/a 2 $53,750 n/a North County Coast 319 $645,000 9.5% 145 $455,000 5.1% 179 $807,000 19.6% Cardiff 92007 12 $677,500 -26.6% 4 $482,500 -10.6% 2 $1,232,000 n/a Carlsbad N 92008 12 $712,500 4.8% 6 $482,500 15.6% 2 $477,500 -48.9% Carlsbad S 92009 32 $770,000 10.0% 16 $447,000 6.4% 77 $890,000 -7.3% Carlsbad I 92010 11 $600,000 -8.3% 6 $410,000 -4.7% 4 $497,750 -29.4% Carlsbad II 92011 16 $865,000 10.9% 13 $645,000 -0.2% 3 $173,500 -77.4% Carmel Valley 92130 26 $970,250 7.4% 23 $645,000 20.6% 48 $791,500 -7.3% Del Mar 92014 13 $2,000,000 40.8% 4 $578,500 -20.8% 1 $2,400,000 108.7% Encinitas 92024 37 $815,000 7.2% 19 $512,500 -5.5% n/a n/a n/a Oceanside S 92054 41 $527,000 16.7% 19 $367,000 0.5% 7 $577,500 7.8% Oceanside E 92056 59 $506,000 6.8% 11 $349,000 -1.7% 11 $278,500 -55.0% Oceanside N 92057 52 $535,500 9.8% 18 $317,500 0.0% 23 $739,000 37.4% Solana Beach 92075 8 $1,047,500 -25.2% 6 $817,500 10.4% 1 $1,200,000 n/a South County 245 $602,500 13.7% 95 $385,000 6.6% 184 $506,500 -12.8% Bonita 91902 16 $703,000 0.4% 2 $385,750 -7.8% n/a n/a n/a Chula Vista N 91910 44 $611,000 15.6% 17 $385,000 2.7% 2 $737,500 n/a Chula Vista S 91911 34 $530,000 12.8% 25 $360,000 3.4% n/a n/a n/a Chula Vista - E. Lake - Otay Ran ch 91913 46 $677,500 15.4% 16 $414,000 -4.2% 21 $408,500 -37.3% Chula Vista NE 91914 14 $713,250 8.1% 5 $440,000 8.1% 37 $478,000 -45.4% Chula Vista SE 91915 23 $612,000 0.3% 8 $483,500 9.9% 87 $582,000 24.4% Imperial Beach 91932 7 $530,000 9.5% 3 $505,000 -3.8% n/a n/a n/a National City 91950 13 $444,000 9.6% 4 $312,500 0.2% 20 $495,750 n/a Nestor 92154 39 $585,000 23.2% 8 $367,500 5.8% 17 $662,000 26.5% San Ysidro 92173 9 $507,000 11.1% 7 $295,000 0.9% n/a n/a n/a ©DataQuick Information Systems This information may not be republished in any form. -- View the DQNews News editorial policy. -- Contact us at info@DQNews.com | DQNews Home | DataQuick Homepage

home equity loan? How

Home equity brochure Office of Consumer Credit Commissioner Home Equity Loans in Texas: Frequently Asked Questions Printer-friendly PDF version What is a home equity loan? How much can I borrow? Why can't I borrow against more than 80% of the home's value? How are home equity loan interest rates determined? What other costs are involved? What if I feel a lender has overcharged me on closing costs? Are there different kinds of home equity loans? Can I set up a line of credit with my home equity? How can I use the money? What if I change my mind? How many home equity loans can I have? Why do I have to wait a year to refinance a home equity loan? Could a lender foreclose on my home if I'm late paying on a car loan or a credit card? What else should I know? What are some other helpful resources? Top of Page What is a home equity loan? A home equity loan is a financial product that allows a borrower to use the market value of a home as collateral for a loan. Loans secured by real estate generally are considered safer by lenders, resulting in lower interest rates than for other types of loans. Equity is easily calculated by subtracting the amount owed on the home from the current market value. For example, if a house with a market value of $100,000 has an outstanding mortgage of $30,000, the homeowner has equity of $70,000. If there were no mortgage or other type of lien on the house, the homeowner would have $100,000 in equity. Top of Page How much can I borrow? Through home equity loans, Texans can borrow money using up to 80% of the value of their homes as collateral. Consider the example of a home valued at $100,000 with an outstanding mortgage debt of $30,000 and $70,000 worth of equity. Because homeowners are limited to borrowing no more than 80% of the home's value, the homeowner would simply calculate 80% of $100,000 ($80,000) and then subtract $30,000 to arrive at a maximum loan amount of $50,000. Total mortgage debt, including the amount of any existing mortgages plus the projected home equity lien, cannot exceed 80% of the home's current fair market value. Homeowners with 20% or less equity in their homes are not eligible for home equity loans. Top of Page Why can't I borrow against more than 80% of the home's value? Texans voted to limit the loan amount to 80% to help prevent overextensions of credit and protect our economy during times of economic slowdown. Top of Page How are home equity loan interest rates determined? Market competition and conditions determine the rates in general; the borrower's own credit history will further affect the rate offered. Home equity loans usually have lower interest rates than do other types of consumer loans, such as loans secured by personal property or loans secured simply by a borrower's signature (unsecured loans). First mortgages (the primary loan on a house) generally have the lowest interest rates. As with any financial arrangement, you should shop around to find the best deal. In the Consumer Assistance section of our Web site are links to some handy online calculators that will help you compare loan programs. Top of Page What other costs are involved? Lenders can charge certain fees, usually called closing costs, in addition to interest. On a home equity loan, closing costs cannot exceed three percent (3%) of the principal amount borrowed. Prepaid interest, also known as points, is not subject to the 3% cap. Top of Page What if I feel a lender has overcharged me on closing costs? As a savvy consumer, you should always carefully examine a loan agreement before signing it. Have the lender thoroughly explain the contract's fee structure; you'll discover that any points you've purchased are not considered part of the fee amount subject to the three percent limitation. If a lender has overcharged you, you must give the lender a chance to correct the mistake (called curing the loan) before you can take legal action against them. You need to send a written request to the lender specifying the error so that the lender can issue a corrected loan agreement and refund any amounts due. For more information on this process, contact our Consumer Helpline at 800.538.1579 or send your questions to us via e-mail . Top of Page Are there different kinds of home equity loans? No, but a home equity loan can hold either first lien or junior lien (often called second) position. If you own your home outright and take out a home equity loan, it will be considered a first mortgage because it is first in line to receive payment if the home is sold or a borrower defaults. If you refinance an existing first mortgage, and pledge some of your equity to receive cash in hand, you will still have just one-but larger-first mortgage. In this loan, generally called a cash out re-fi, the dollar difference between the original mortgage and the refinanced mortgage is the home equity loan amount. A secondary mortgage is a loan secured by a house that already has at least one other mortgage or lien. Taking out a home equity loan in addition to a first mortgage places a second lien against the home. The law prohibits a homeowner from having more than one home equity loan at a time, although a homeowner may have secondary liens from other sources, such as a home improvement loan or a tax lien. Top of Page Can I set up a line of credit with my home equity? As of September 2003, Texans can establish lines of credit using up to 50% of the value of their homes as collateral (as opposed to the 80% allowed on standard loans). Top of Page How can I use the money? However you choose. There are no legal restrictions regarding how you use your loan proceeds. Top of Page What if I change my mind? The law requires a 12-day waiting period from the time an application is taken AND a legally mandated written consumer rights notice is given to the borrower. For example, if a potential borrower submits an application on Monday, but doesn't receive a copy of the consumer rights notice until Wednesday, then the 12-day countdown would begin on Wednesday. The 12-day period is measured in calendar days (rather than business days) per the Home Equity Commentary issued by this office. Once the waiting period has passed, the loan can be closed. Further, the homeowner or homeowner's spouse may still cancel the loan agreement without penalty within three days after closing. Top of Page How many home equity loans can I have? A borrower may have only one equity loan at a time. Furthermore, it cannot be refinanced more frequently than once a year. Because of this limitation, it is crucial to shop for the best terms among lenders. It is also important, as in any credit transaction, to compare the total costs of a home equity loan to other types of credit available to the consumer. For example, a borrower might not face a prepayment penalty for early payoff of a home equity loan. However, if the loan is paid off early, a home equity loan could end up being more expensive than an unsecured loan with a higher interest rate if you paid closing costs and points. To better determine the best solution to your situation, see the financial calculators in the Consumer Assistance section of our Web site for help crunching the numbers. Top of Page Why do I have to wait a year to refinance a home equity loan? Texas voters placed this provision in the Texas Constitution as a consumer protection. Because closing costs and points are collected each time a mortgage loan is closed, generally it's not a good idea to refinance often. Top of Page Could a lender foreclose on my home if I'm late paying on a car loan or a credit card? On a standard car loan, the car itself is the collateral, and Texas law prohibits using a person's homestead as additional collateral on the same loan. However, if a homeowner decides to take out a home equity loan to pay off credit card debts or buy a car, the home is then collateral for the home equity loan and can be foreclosed on if the homeowner does not make payments on time. Top of Page What else should I know? It's always a sound practice to shop around for a loan, but don't fill out any applications until you've picked the company you definitely want to work with. Filling out too many applications may unduly harm your credit report. Before you sign on the dotted line, find out what kind of experience other consumers have had with your potential lenders. Check out lenders with the Better Business Bureau . The Office of Consumer Credit Commissioner regulates certain home equity lenders and offers a Consumer Helpline for credit-related questions at 800.538.1579. We can let you know about consumer complaints we have on file. To get more information about home equity issues or to request lender complaint files, visit our Consumer Assistance page. Other Helpful Resources Texas Office of the Attorney General Consumer Protection Hotline: 800.252.8011 Federal Trade Commission Consumer Response Center: 877.382.4357 U.S. Dept. of Housing & Urban Development Main number: 202.708.1112 State of Texas / TRAIL (Texas Records and Information Locator) Texas Finance Commission / Department of Information Resources Sunset Advisory Commission / Privacy Policy Open Records Requests En Español

Land for sale in

Land for sale in Montana - Montana Land Sale | Site Map | Contact Us | This Site was Last Updated 12/28/2005 Bill Walker Realty 406-443-3424 For Montana Land information, Call Me Today at:406-492-7581 . Email: Bill Thomas Farm and Ranch Real Estate Ranch for Sale Land for sale in Montana Farm & Ranch Cattle Ranch for sale About Bill Montana Links Property Inquiry Agricultural News Telegraph Creek flows through this property Visitors to this site Best viewed with Internet Explorer at 800 x 600 resolution. Group Tour Planning for Montana Kids in Montana Lewis & Clark in Montana Montana Official State Web Site Winter Things to Do in Montana Land For Sale Bill Thomas, Montana Realtor Here is a place to find western Montana real estate help. Bill is here to find Montana land for sale. If you looking for real estate around the continental divide in Montana let Bill help you with your real estate needs either selling or buying. To b e the owner of land, that is a deep-seated desire for most of us and there are some great places to be found in Montana. The pleasure of climbing around your own property, taking care of your own land and building your own special place to live is one of the singular rewards of working hard and doing well. My greatest gift in life has come from helping people enjoy some of this part of Montana's wonderful and scenic properties. There are ranches with timber, lakes, rivers, creeks, mountains and valleys for sale in Montana, we just have to find them. I will help you find homes for sale and area information for Helena, Elliston, Avon and Deer Lodge, Montana. I have the real estate buying and selling knowledge, relocation help, and mortgage information you need to make your buying decision knowledgeable and pleasant. Learn more about me. Folks return time and again just to four wheel, hike, cross country ski or just explore the mountains and trails within a short drive of Helena. Extending from Helena, you will find, in nearly every direction are over 200 miles of trails leading to ghost towns, high mountain ridges and lakes, plus unlimited exploring on thousands of acres of national forest. If you would like to own your piece of Montana land just pick up your telephone and call Bill at 406-492-7581 or e-mail him at Montana Land For Sale The Helena area of Western Montana is a delight of confer covered hills that is mostly private land although there are many public lands in the area too. The wildlife, both fish and game is plentiful and in some areas abundant. Both mule deer and white tail deer inhabit Western Montana and the hunting season for both these species is open to resident and non-residents of Montana. The elk herds of Western Montana yield Boone and Crocket and Pope and Young trophies every year. The major blue ribbon trout fishing rivers of this part of Montana include: Madison River, Bighole River, Jefferson River, Ruby River, Gallatin River, Missouri River, Yellowstone River, Little Blackfoot River, Blackfoot River, Clark Fork, Bitterroot River, Flathead and they all have super trout fishing. Want a Montana Cabin Rental ? Bill Smith has a log home for rent just east of deer Lodge. For a great cup of coffee we use Beacon Beverage Systems and have not been disappointed yet. If you need Montana Elk Hunting Outfitters or a trophy elk antler to mount try Elk antler for sale . The n for a taxidermist go to Montana Taxidermy School . RealEstate4.com - The Real Estate Directory

New Home

Medicare.gov - The Official U.S. Government Site for People with Medicare tag. -- Search Frequently Asked Questions d Home | Screen Reader Version | Espaol The Official U.S. Government Site for People with Medicare Help | Frequently Asked Questions | Mailing List | Search Tools Zip Code Locator -- | -- Medicare Enrollment -- Medicare Enrollment -- My.Medicare.gov NEW! Prescription Drug Coverage Medicare & You 2006 Medicare Billing Medicare Appeals Long-Term Care Plan Choices Preventive Services Address Change Replacement Card Medicaid Enrollment Provider Information Hurricane Information Glossary Privacy Practices Medicare Reform Search Tools Warning! Your browser security settings are too high or it does not support scripting. Some pages may not behave as expected. We have provided information on what features may not work as expected , tips to use in navigating through the site and other options that are available. -- Medicare Spotlights Site Updates Want to Learn More About the New Medicare Prescription Drug Coverage? Landscape of Local Plans Compare Medicare Prescription Drug Plans NEW! Demo of the Prescription Drug Plan Finder NEW! Enroll in a Medicare Prescription Drug Plan NEW! Formulary Finder Other Resources A National Conversation - Friends and Family First Toolkit NEW! (PDF, 3.3 MB) The following is a paid program sponsored by the U.S. Department of Health and Human Services. BenefitsCheckUpRX Medicare RX: A National Conversation NEW! View online in Windows Media OR Read the Transcript Read the transcript --- Medicare & You 2006 NEW! --- My.Medicare.gov Available to Medicare Beneficiaries! NEW! --- Hurricane Katrina Information for people with Medicare and Medicaid and providers. --- Preventive Services Start Now! --- More Medicare Spotlights... Find more detailed information on the Medicare Modernization Act: For Organizations and Providers For Beneficiaries and Caregivers Search Tools Compare Medicare Prescription Drug Plans Compare Health Plan Options in Your Area Find a Medicare-Approved Drug Discount Card Compare Hospitals in Your Area Compare Nursing Homes in Your Area Find a Medicare Publication Find Out if You Are Eligible for Medicare and When You Can Enroll Find a Doctor Find Out What Medicare Covers Compare Home Health Agencies in Your Area Find Suppliers of Medical Equipment in Your Area Find Helpful Phone Numbers and Websites Compare Dialysis Facilities in Your Area Plan for Your Long-Term Care Needs Page Last Updated: December 21, 2005 -- Take the Medicare.gov Survey -- Frequently Asked Questions | Contact Us | Contact Us | -- Website Privacy | Website Policies Website Policies -- Freedom of Information Act | FirstGov.gov FirstGov.gov -- 220 Centers for Medicare & Medicaid Services | U.S. Department of Health and Human Services U.S. Department of Health and Human Services -- Centros de Servicios de Medicare y Medicaid Departamento de Salud y Servicios Humanos --

Colorado Real Estate

State of Colorado-Department of Regulatory Agencies - Division of Real Estate Home Page Debbie Campagnola Director To promote a balanced and sensible approach to regulation that protects the public interest and supports economic growth. Information about Appraisers Information about Brokers Activities || Funding Sources || Trends Activities The Division of Real Estate regulates real estate appraisers, salespersons and brokers through licensure and discipline. Licensees must comply with established educational and experience requirements, and pass a test prior to licensure. Earnest money deposits and escrow and trust funds are regulated by the Division. The Division's objectives are to: Provide public protection to the citizens of the State of Colorado from incompetent and dishonest persons in the real estate and appraiser professions, and from unscrupulous or financially unsound subdivision developers. Mitigate financial loss to the public resulting from real estate fraud and theft. The objectives are met through the following activities: I. Licensing real estate brokers and appraisers and registering time share and raw land subdivision developers under the jurisdiction of the Real Estate Commission. II. Enforcing laws by investigating complaints, conducting investigative and routine financial audits, and administering disciplinary action. III. Administering a mandatory Errors and Omissions Insurance Program. IV. Communicating, to include anticipating and responding to the public need for effective information and assistance. The Division regulates time share projects sold in Colorado, and regulates developers of subdivisions consisting of 20 or more residential sites, tracts or lots that are not required to be approved by another state planning authority. A five-member Commission meets monthly to conduct rule making hearings, make policy decisions, consider licensing matters, review complaints and take disciplinary action against licensees. Commission members serve three-year terms, and members are appointed as follows: three real estate brokers, one person with expertise in subdivision development, and one public member. License verification can be found on line through the License Database. For information regarding disciplinary actions consult the online Disciplinary Documents . Persons wishing to file a complaint against a licensee should send a written complaint to the Division. See Complaint Process. The Division also regulates real estate appraisers pursuant to the requirements of the Federal Real Estate Appraisal Reform Amendments of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989. The Board of Real Estate appraisers consists of seven members appointed by the Governor: three licensed or certified appraisers, one of whom must have expertise in eminent domain, a county assessor, an officer or employee of a commercial bank experienced in real estate lending, and two public members. Board members serve three-year terms. Funding Sources The Division of Real Estate is cash funded from fees pursuant to Colorado statute. Fees are paid for licensure or registration in the real estate and appraiser professions. Fee amounts are established annually for the purpose of covering direct and indirect costs incurred by the Division for licensing and enforcement. Fiscal Year Revenue Expenditures FY 03 (Actual) $3,825,954 $3,953,316 FY 04 (Actual) $3,258,895 $3,798,301 FY 05 (Actual) $4,733,079 $4,116,100 FY 06 (Estimate) $3,162,421 $3,812,724 The following pie chart shows the estimated source of revenue for Fiscal Year 06. . The following pie chart shows the estimated expenditures for Fiscal Year 06. Trends The real estate market in Colorado will remain strong in the coming year, although activity will slow somewhat as a reflection of higher interest rates. Licensing by the Division of Real Estate should continue to increase in the current year, reflecting the continuing strong real estate market. The sale of raw land subdivisions and condominium/loft conversions remain strong and the Division is continuing increased enforcement activity in these areas. No major state or federal legislative initiatives affecting real estate are expected in the coming year. While one-stop shopping and affiliated business arrangements remain topics of great interest in Colorado and nationally, Congress's decision to again postpone a major review of the Real Estate Settlement Procedures Act leaves the states and industry without clear guidance in these areas. As real estate companies continue to consolidate and expand nationwide and the Internet provides consumers with instant access to properties on a vast scale, increased regulatory scrutiny is being focused on interstate operations. In Colorado, a reciprocal licensing program has facilitated the growth of interstate commerce. Another result of increasing real estate activity on the Internet is the heightened level of sophistication on the part of the general public regarding real estate transactions and real estate procedures in general. The public is coming to expect a higher level of performance on the part of real estate brokers, which the Division must address by increasing the competency level of licensees and maintaining a close watch on the pulse of the public. As with all government agencies, the public and real estate industry will expect higher levels of customer service from the Division. This will be particularly true in the areas of e-commerce and electronic communications. Last update 9/28/05 Privacy Statement | Disclaimer Technical Assistance: E-Mail Information Technology Section Revised November 7, 2005 Federal Home Page || State Home Page || Department Home Page Top of Page E-Mail the Division of Real Estate 1900 Grant Street, Suite 600 Denver, CO 80203 (303) 894-2166 or (303) 894-2185 - Phone (303) 894-2683 - Fax Relay Colorado (TTY (English & Spanish), Voice, VCO, ASCII, STS Assistance Numbers)