investment property advertisement If

MSN Money - How to find good investment property MSN Home Hotmail My MSN Sign In Money S earch MSN Money: Help Home News Banking Investing Planning Taxes My Money Portfolio Loans Insurance Investing Home Portfolio Markets Stocks Funds ETFs Commentary Brokers CNBC TV MSN Money Insight Jubak's Journal SuperModels Start Investing Strategy Lab Company Focus Mutual Funds Street Patrol Other Views Contrarian Chronicles TheStreet.com Resources Commentary Index Decision Centers Start Investing Mutual Funds Find Hot Stocks Simple Strategies Power Tools Investing For Income Real Estate Related Links Expert Picks Market Dispatches CNBC Stock Picks Message Boards Print-friendly version Send this to a friend Research any REIT Find top-performing mutual funds Sortable database of SEC filings Find stock winners with our screener Personal finance bookshelf Find It! Article Index Finance Q&A Tools Index Site Map Recent articles by Liz Pulliam Weston: • Streamline your finances in 8 steps , 1/12/2003 • Ditch all fees for online banking services , 1/12/2003 • In clash of debit-card titans, consumers lose , 1/12/2003 More... Related Sites American Association of Small Property Owners Rental Property Reporter National Real Estate Investors Association The Basics How to find good investment property advertisement If you're cut out for it, life as a landlord can be quite profitable. But success isn't assured. Here's what you need to know before diving in. By Liz Pulliam Weston The idea of owning rental real estate seems to be gaining popularity as investors tire of the swoops and swoons of the stock market. As I pointed out in a separate column , not everyone has what it takes to be a landlord. But those who do may find rentals to be a good way to build wealth. Once youve made the decision to buy rental property, your real work begins. Finding a profitable rental property usually takes time, connections and plenty of research. Heres what you need to know to get started: Start investing with $100. Explore our new ETF center. Know your time horizon As with any other investment, you should have a good idea how long you plan to own a rental property before you buy it, says Robert Cain, publisher of the Rental Property Reporter newsletter. The longer you plan to own the property, the more youll probably need to invest in maintenance, repairs and improvements, Cain said. If youre keeping it for 20 years, at some point youre going to be putting a new roof on that property. Youre going to be putting in new appliances and doing some major repairs, Cain said. If youre only planning to own a property for five years, by contrast, youll probably want to avoid making any major improvements unless youre sure you can recoup the cost with a higher sale price. You also may face more investment risk with a shorter time horizon. Although your rental will almost certainly appreciate over 20 years, it could easily lose value in the next five, particularly if youre buying in an overheated market. Youll need a bigger potential annual return to make up for that risk. For many small investors, long-term ownership makes the most sense, said Pat Callahan, an attorney, landlord and founder of the American Association of Small Property Owners. Youll have plenty of time to ride out any swings in the market, and rental income can make a nice supplement to your day job. Find enough rental properties, and being a landlord may become your day job. Develop a network Experienced landlords find their properties in a variety of ways. Some hunt for foreclosures, making friends with city hall clerks or bank employees who know which properties are about to be sold. Some run ads in local newspapers. Others work with real estate agents who keep their eyes peeled for possible buys. Several landlords recommended joining a local landlord or property owner's association to make contacts. Callahans Web site offers links to local groups, as does the National Real Estate Investors Association. (See the links at left under "Related Sites.") When you begin to own rentals, all the other investors start coming out of the woodwork, said Sean Hoppe, a landlord in Pottsville, Pa., who owns 11 properties. Through investor meetings, networking, etc., I can find out what is for sale. (Hoppe, by the way, is 25 and hopes to retire from his job as a computer consultant in three years.) You also can try approaching landlords directly to see if theyre willing to sell, by calling the numbers listed on rental ads in the classifieds, by cruising neighborhoods looking for for rent signs or by talking to any landlords you know personally. Thats how Bob, who asked that his last name not be used, bought his rental property near Albany, N.Y. The landlord of the three-unit building where Bob had rented for 15 years was tired of the hassles and ready to sell. We love (the area) and jumped at the chance to buy it, Bob said. So far, Bob and his wife have been pleased with their purchase. They raised rents and required security deposits, which caused the propertys less desirable tenants to leave. He also has a backup plan for the building in case he starts to feel like the prior owner. If being a landlord got to be too big a hassle, Bob said, we would just get rid of the tenants and make it our own place. Get your finances in shape The better your credit, and the less credit card and other consumer debt you have, the better your prospects for getting a decent loan, Callahan said. Lenders usually require bigger down payments, higher interest rates and generally stronger finances when youre buying rental property. Thats because they know people are more likely to default on investment property than they are on their own homes. Landlords say it also pays to have a substantial cash reserve left over after buying a property. This can help pay for unexpected repairs and vacancies. Although there are few rules of thumb, setting aside at least one months rent for each unit is a good start. CPA Paul Berning suggests having a line of credit, secured either by the property or your own home, to cover larger costs. You also should make sure you can save enough for retirement and other goals before investing in rental real estate. While rental income can supplement your retirement kitty, most people shouldnt count on it to replace other investments or allow themselves to be entirely exposed to the whims of the local real estate market. Rents and property values can fall as well as rise, and those who are adequately diversified with investments in stocks, bonds and cash will be better able to endure the bad times as well as the good. Avoid overpaying As one experienced landlord put it: You make your profit when you buy a property, not when you sell it. Pay too much, and youll never recoup as much as you could have had you driven a better bargain. The rental real estate market is generally tougher on investors who overpay than on homeowners who do the same thing, several landlords said. While a home is often an emotional purchase, which can lead to I must have it! offers and bidding wars, most landlords look strictly at the numbers to see if their investments will pay off. If you pay too much for a rental, you cant count on a greater fool coming along later to bail you out. Not overpaying can be tough in a hot market, however. Apartments in New York, for example, currently sell at a 60% premium over their inherent value. In other words, theyre selling for much more than the income streams the apartments generate, according to Reis, a national real estate research firm. In San Francisco and Los Angeles, the premium is 10%. Some landlords use formulas, such as not paying more than six to eight times the rents they expect to make the first year. Others try to estimate what the property could be worth after needed repairs and upgrades are made, and they dont pay more than 70% of that price, less the cost of those repairs, CPA Berning said. Every real estate market is different, however, and these formulas may not work in your area. Whats key is to make sure your rental income will cover your out-of-pocket costs, Berning said. That includes the mortgage payment on the property, as well as taxes, insurance, maintenance, repairs and a vacancy rate of around 5%. (If you have five units, for example, you should expect at least one unit to be empty three months each year. Heres the math: 5 units times 12 months equals 60; 60 times .05 is 3.) If you can at least break even, youll be able to profit from any price appreciation as well as from tax breaks available to rental property. Cains Web site sells $55 software to help you make these calculations (see link at left). When crunching the numbers, you should know that theres a big difference in how repairs and improvements are treated for tax purposes. You can typically deduct the cost of a repair, such as patching a roof or fixing a leaking pipe, on your tax return for the year in which the repair is made, Berning said. Replace that roof or those pipes, however, and its typically considered an improvement, which means the cost cant be deducted. Instead, its added to the amount you paid for the property to determine your tax basis when you sell. The higher the basis, the lower your taxable profit. But if you have to wait 20 years after making a major improvement to recoup any of the cost for tax purposes, you may think twice about buying a property that needs a lot of upfront work, Berning said. To better estimate your costs, get a thorough inspection before you buy a property. Some landlords have favorite electricians, plumbers and contractors that they send to any prospective property, promising them that they can do any repair work they find. Others use professional inspectors they trust. Longtime landlords say all this work pays off in profitable properties that build their net worth while providing a steady income stream. Callahan, whose family started investing in rental real estate in the 1940s, says its a way of life she recommends. It doesnt matter if youre a professional or a laborer, Callahan said. Its the equal-opportunity wealth builder. 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Las Vegas real estate

Buying homes in Las Vegas Buying homes in Las Vegas Start Your Las Vegas Real Estate Search Las Vegas Real Estate continues to be a strong and viable opportunity for real estate investors. With the real estate economy continuing to grow in and around the Las Vegas area, real estate investors have ample opportunity to get into this market. The price of homes in Las Vegas rose at a rate of 11% over the 12 month period ending in June 2005, according to National Association of Realtors. IMPORTANT: Most Las Vegas real estate agents DON'T want you to know about this FREE service... Searching For Las Vegas Homes? Investing ? Buying ? Leasing ? Relocating ? Click Here to start your search for Las Vegas real estate . Not long ago Las Vegas was a sellers market for real estate. Home prices were racing out of control. Investors were flooding the real estate market and causing the price of homes to soar. Today is a different story. It's A Buyers Market and the time is right to Find Home Buying Opportunities In one of America's Hottest Real Estate Markets. Search Las Vegas MLS See The Listings Of Your Choice and open new doors for your financial future. Las Vegas, Nevada Attention Home Buyers of Las Vegas, Buying homes in the Las Vegas Valley, in todays' market offers you many choices! By searching the Las Vegas MLS you can compare prices and availability for several different homes, condos and properties. Many sellers are now willing to work with buyers. Not long ago things were much different. Las Vegas Real Estate Market Today, the Las Vegas Real Estate market is considered by many experts to be a Buyer's Market. The "Buying Frenzy" has subsided in Las Vegas Real Estate availability was low and buyer demand was very high. Many Realtors were recommending that buyers offer 10 even 20 thousand dollars over asking price, and buyers were doing it. The vision of buying homes in Las Vegas offered buyers a hope of turning a quick profit of several thousand to tens of thousands within only a few months. Needless to say, this caused home prices to skyrocket. Today, Many more homes are now available and even more continue to come available in Las Vegas and are listed on the Las Vegas MLS. And, Home prices have stabalized and in some areas homes have even dropped in price, because of the increased inventory levels. All of the essential elements are in place for buying buildable land is being consumed rapidly, the demand for second homes continues to rise, the Las Vegas economy is one of the strongest in the nation High wage jobs continue to increase, travel and tourism are strong, billions of dollars are spent annually on gaming and entertainment, and the population is growing faster than ever. This could be one of the best buying opportunities in your lifetime. Click Here to start your search for Las Vegas real estate . Take Control of Your Home Search With The Search Tool Realtors Use It's Free. Search Current Listings of Homes, Condos and Property. Listings Updated Daily. The most complete real estate listing Search for homes in Las Vegas, Summerlin, Henderson, North Las Vegas, Boulder City, Green Valley Ranch Absolutely Free. Begin Your Search Now... Search The Market and Find Properties That Meet Your Needs. Decide How Much You will spend... Then Choose Your Real Estate Agent and tell them where you want to buy. Drewz Real Estate Blog Archives Buying Homes in 2006 - Part I Buying homes in Las Vegas will be very interesting in 2006. The number of resources available to buyers continues to increase along with the amount of competition among Realtors. Searching for real estate in the Las Vegas market offers many obstacles without the proper guidance from a quality Realtor. Internet resources include real estate listing sites such as Realtor.com, ZipRealty.com and hundreds more. There are numerous advice gurus offering the latest strategy to buying and selling in any real estate market. Not only do buyers have access to home listings via Internet, they can go into any grocery chain and pick up the latest copy of the newest real estate magazine for free. Banks and financial institutions make borrowing as easy as clicking a few buttons on your keyboard. These are all good resources to have when buying a home, selling a home or investing in real estate. The more educated one is the better they will fare when that transaction finally goes through. There is a downside to all this. Without the guidance of a quality Realtor, many homeowners are left out to dry. So many Realtors are more interested in their commission then they are in their clients interest that they will do almost anything to get the parties to sign papers. One particular instance, and this is not uncommon, happened to a very good friend of mine a couple years back. He and his wife were looking at homes in Las Vegas. After several months of searching they finally found a place that they wanted to buy. Their Realtor, who was more concerned with making his commission then he was in protecting his clients interests, suckered them into buying the home with no money down and a mortgage that should have bankrupted them. On top of that, they were locked into that mortgage by a pre-payment penalty clause that would suck out any equity that might exist, if they were to refinance or sell the home. Check back soon and Ill share with you how these folks managed to stay afloat almost two years under these conditions, and eventually climb their way out of the whole that was dug under them. Although I'm not a Realtor, I do have many Realtor friends. These are quality professionals who are sincerely interested in helping people attain their goals in the Real Estate market. Whether buying homes, selling homes, or investing in real estate, Realtors are supposed to look out for their client's best interest. Some play by the rules, many do not. If you are searching for a home, rental property or land in Las Vegas, fill out the form below to have a quality Realtor contact you. Drew. Written by: Andrew Hall - Founder AMI Studios Inc Real Estate Investors News Las Vegas Real Estate Archives Staying Secure if the Real Estate Bubble Bursts A bubble occurs when real estate values balloon very rapidly, creating an over-inflated market that can quickly burst and send prices in a downward spiral. Las Vegas Real Estate News Real Estate and Development - Big jump expected in commercial rents What does the new year have in store for the Las Vegas Valley's commercial tenants? Most likely increases in rent -- in some cases up to 15 percent. No signs of slowdown; home prices set record Total single-family home sales increased 2.8 percent from the previous month to 3,331, while sales of condominiums and townhomes jumped nearly 17 percent to 814. Las Vegas MLS Search - Start Here. This free , no obligation service allows you to immediately search all available properties in the Las Vegas area. Please select your property search criteria below: House Condo Land Multi-Family Bedrooms 1 2 3 4 5+ Bathrooms 1 2 3+ Square Feet 1,000 - 1,500 1,500 - 2,000 2,000 - 2,500 2,500 - 3,000 3,000 - 4,000 4,000+ Price Range $75,000 $100,000 $125,000 $150,000 $175,000 $200,000 $225,000 $250,000 $275,000 $300,000 $325,000 $350,000 $400,000 $450,000 $500,000 $550,000 $600,000 $650,000 $700,000 $750,000 $800,000 $850,000 $900,000 $1,000,000 + $75,000 $100,000 $125,000 $150,000 $175,000 $200,000 $225,000 $250,000 $275,000 $300,000 $325,000 $350,000 $400,000 $450,000 $500,000 $550,000 $600,000 $650,000 $700,000 $750,000 $800,000 $850,000 $900,000 $1,000,000 + no maximum Time Frame ASAP Within a month 1-3 months 3-6 months Within a year Later than a year Not sure yet To see the latest listings, property addresses and photos, please complete all fields below. Your information must be valid and will be kept strictly confidential. First Name Last Name Email (Area Code) Phone Number Interenet Real Estate Search Search MSN for Las Vegas Homes hud homes las vegas kb homes las vegas lake las vegas homes lake las vegas real estate las vegas commercial real estate las vegas condos las vegas condos for rent homes for rent in las vegas homes for rent in las vegas nevada homes for rent las vegas homes for rent las vegas nv homes for sale in las vegas las vegas condos for sale Search Yahoo! for Las Vegas Homes homes for sale las vegas homes for sale las vegas nevada homes for sale las vegas nv homes in las vegas homes in las vegas nevada homes in las vegas nv homes in north las vegas homes las vegas homes las vegas nevada homes las vegas nv homes north las vegas homes of las vegas Search Google for Las Vegas Homes agents las vegas real estate american homes las vegas apartment homes las vegas astoria homes las vegas beazer homes las vegas carina homes las vegas christopher homes las vegas commercial real estate las vegas find las vegas homes henderson real estate henderson real estate sites homes and las vegas

Real Estate Broker License

Real Estate Licensing Real Estate Licensing Home / Licensing /Real Estate Licensing HOW TO OBTAIN A UTAH REAL ESTATE LICENSE A real estate license is required of any person who, for another and forvaluable consideration, negotiates or consummates the sale, lease, exchangeor purchase of real estate. The Utah Real Estate Commission determines the qualifications and therequirements of all applicants for a Utah real estate license. Each applicantis required to provide evidence of honesty, integrity, truthfulness, reputationand competency. Each applicant must pass an examination covering the fundamentalsof the English language, arithmetic, bookkeeping, real estate principalsand practices, the Rules established by the Real Estate Commission and anyother aspect of Utah Real Estate License Law considered appropriate. Please take time to go over the screening questionnaire. Your responses tothese questions could have an impact upon whether or not you are able toobtain a Utah Real Estate license. Additional information and requirements are outlined throughout the followingpages. Screening Questionnaire Sales Agent License Associate Broker License Principal Broker License Opening Own Business Property Management License Branch Offices Non-Resident License ApplicantsLicensed in Other States Reciprocity (between Utah and: Wyoming, Colorado, Idaho, Montana, and Alberta, Canada) Examination Procedure ChangeCard SCREENING QUESTIONNAIRE 1. Do you now hold or have you ever held a real estate license in a state otherthan the state of Utah or in another country? 2. Have you ever had a license to practice in the real estate profession,or any other profession or occupation, denied, restricted, suspended, orrevoked? 3. Have you ever been permitted to resign or surrender your real estate licenseor any other professional license,or have you ever allowed a license to expire while you wereunder investigation, or while action was pending against you by any realestate licensing or other agency? 4. Is any disciplinary action now pending against you by any real estatelicensing or other agency? 5. Are you CURRENTLY under investigation for, or charged with, or have you everbeen convicted of, or pled guilty or no contest to, a felonyor misdemeanor? (If you have had only one misdemeanor conviction or plea and thecase was closed over five years ago, you do not have to answer yes. Caution: DUI's and other alcohol-related traffic offenses may bemisdemeanors. Non-alcohol-related traffic offenses do not need to bedisclosed.) 6. Have you been placed on probation or ordered to pay a fine in connection withany criminal offenseor a licensing action? If you answer YES to this question you will beasked at the time of application for licensure to provide proof of completion ofyour probation and payment of all fines. 7. Have you been ordered to pay restitution in connection with any criminaloffense or licensing action? If you answer YES to this question you willbe asked at the time of application for licensure to provide proof that you havefully complied with the restitution order. 8. Have you had a civil judgment entered against you based on fraud,misrepresentation, or deceit? If you answer YES to this question you will be asked at the time of application for licensure to provide proof that the judgment has been fully satisfied. 9. Are you under 18 years of age? WARNING: IF YOU PASS THE EXAMINATION, YOUR FINGERPRINTS WILL BE TAKEN ANDSUBMITTED FOR A CRIMINAL BACKGROUND CHECK. FAILURE TO ACCURATELY DISCLOSEYOUR CRIMINAL HISTORY WILL RESULT IN IMMEDIATE AND AUTOMATIC REVOCATION OF YOURLICENSE. SALES AGENT LICENSE License Requirements - The applicant for a sales agent license must be at least 18 years ofage. Education Requirements - An applicant for a sales agent license must complete an approved educationalprogram of 90 classroom hours. The subject matter of the course will consistof Real Estate Principals and Practices and Utah Real Estate License Law. All courses must be completed at a Division approved real estateschool . Membership in the Utah State Bar will satisfy this education requirement. Experience will not satisfy the education requirement. Licensing Procedure - Within 90 days after the successful completion of the examination, theapplicant must return the following to the Division: Score Report/License Application - The applicant will provide a score report/license application receivedfrom Promissor ( the professional testing service) which indicates that both the nationaland state portions of the examination have been passed. The passing score report/license application must besigned by the principal broker with whom the applicant will be affiliating.No such signature is required of the applicant who desires inactive status. Education Documentation - The applicant will provide documentation of the successfulcompletion of 90 hours of classroom education taken within the previous year.Documentation will consist of the signed and stamped education certificatelocated in the examination Candidate Handbook, and/or an education waiverissued by the Division. Fees - The fee will include the license fee, the fee for the Recovery Fund, and the fingerprint processing fee. Currently, this totals $151.00. ASSOCIATE BROKER and/or PRINCIPAL BROKER LICENSE License Requirements - The applicant for an associate broker/principal broker license must beat least 18 years of age. The applicant must have a minimum of three years real estate experience and a total of at least 60 points accumulated within the five years prior to licensing. A minimum of two years (24 months) and at least 45 points will be accumulated from Tables I and/or II. The remaining 15 points may be accumulated from tables I, II, or III. The Principal Broker may accumulate additional experience points by having participated in real estate related activities as outlined in Experience Points Table III. Education Requirements - An applicant for an associate broker or principal broker license mustcomplete an approved educational program of 120 hours. The subject matterof the course will consist of 12 classroom hours in Brokerage Management, 24 classroom hours in Advanced Appraisal,24 classroom hours in AdvancedFinance, 24 classroom hours in Property Management, 24 classroom hours in Advanced Real Estate Law, and 12 hours in Utah License Law. All courses mustbe completed at a Division approved real estateschool . The Division may waive all or part of the education requirement by virtueof equivalent education. Education waivers may be granted only by the Division.To obtain an education waiver, the applicant must provide to the Divisionvalid documentation of his/her equivalent education. Experience will not satisfy the education requirement. Licensing Procedure - Please refer to the following information and forms (Broker Application Packet) Application for a Broker License Procedures Checklist Requirements for Obtaining a Real Estate Broker License Experience Points Tables (Rule 162-2.2.5) Documentation of Full Time Experience Real Estate Sales/Leasing Transaction Log Real Estate Property Management Transaction Log Brokerage Verification Form OPENING OWN BUSINESS If the applicant wishes to open his/her own business, the following isalso required: Business Name Approval - The principal broker applicant must submit evidence that the name underwhich he/she will be doing business has been registered and is approved bythe Division of Corporations, Utah Department of Commerce. The Division ofReal Estate will not accept a proposed company name that may mislead thepublic into thinking they are not dealing with a real estate brokerage orproperty management company. Company Registration - The principal broker applicant must submit a Company Application on theform required by the Division. Evidence of Trust Account - The principal broker applicant shall submit documentation from a financialinstitution that is less than 30 days old verifying the applicant's trustaccount. Change Cards - A Change Card must be submitted for each agent who will be affiliatingwith the principal broker. Fees - Appropriate fees for company registration mustbe submitted. Currently this fee is $25.00. PROPERTY MANAGEMENT LICENSE License Requirement - All persons who, for another and for valuable consideration, engage inproperty management must hold a current Utah real estate license to functionas a property manager. Property management is defined as providing the followingservices which may include, but are not limited to: Advertising real estate for lease or rent. Procuring prospective tenants or lessees. Negotiating lease or rental terms. Executing lease or rental agreements. This requirement does not apply to: An owner who manages his/her own property. A regular salaried employee of the owner of real estate who manages property owned by the employer. Apartment managers who manage the apartments at which they reside in exchange for free or reduced rent on their apartments. A full time salaried employee of a homeowners association who manages units subject to the declaration of condominium, which established the homeowners association. Individuals who, as employees of a licensed property management company, provide prospective tenants with access to vacant apartments, provide secretarial, bookkeeping, maintenance or rent-collecting services, quote predetermined rent and lease terms, and fill out preprinted lease or rental agreements, the terms of which are not negotiable by the person completing the form. Broker Supervision - All property management conducted by a sales agent or associate brokermust be supervised by the principal broker with whom the licensee isaffiliated. S EPARATE PROPERTY MANAGEMENT COMPANY A principal broker may be granted a license to operate a property managementcompany separate from an existing real estate brokerage upon compliance withthe following conditions: Application - The principal broker, as a single proprietor or a company, must obtainan additional broker's license by submitting an application on the form requiredby the Division together with the license fee plus the fee for the RecoveryFund. Business Name Approval - The applicant must submit evidence that the name of the new company hasbeen registered and is approved by the Division of Corporations, Utah Departmentof Commerce. The Division of Real Estate will not accept a proposed companyname that may mislead the public into thinking they are not dealing witha real estate brokerage or property management company. Company Registration - The principal broker applicant must submit a Company Application on theform required by the Division. Evidence of Trust Account - The principal broker applicant shall submit documentation from a financialinstitution that is less than 30 days old verifying the applicant's trustaccount. Affiliated Licensees - The principal broker must designate with which company each of the licenseesaffiliated with him/her will be located - either the real estate brokerageor the property management company. Property Management Company Only - No Brokerage - If a principal broker (an individual or company) wants to operate a propertymanagement company only AND does not operate a real estate brokerage, theprincipal broker may do so by the same procedure as for opening a real estatebrokerage. Fees - Appropriate fees for company registration mustbe submitted. Currently this fee is $25.00. BRANCH OFFICES A branch office is a real estate office affiliated with and operating underthe same name as a principal brokerage but located at a different address.A branch office must be registered with the Division of Real Estate priorto operation. Application - To register a branch office, the principal broker must submit to the Division,on the forms required by the Division, the location of the branch, the nameof the branch manager and the names of all associate brokers and sales agentsassigned to the branch. He/she must also submit trust account documentationthat is less than thirty days old of a valid trust account. This accountcan be the same trust account used by the main office. Branch Manager - Each branch office must have an associate broker as a branch manager whowill actively manage the office. Fees - Appropriate fees for company registration mustbe submitted. Currently this fee is $25.00. NON-RESIDENT LICENSE A person who is actively licensed and in good standing in anotherstate as a real estate principal broker, associate broker or sales agentmay be issued an equivalent license in Utah by successfully completing specificeducation hours required by the Division with the concurrence of the Commission,and by passing the state and, in some cases, the general portion of the Utahreal estate licensing examination. The general portion of the exam may notbe waived for licensees from California due to the way California administerstheir exam. If the license in another state is expired, the applicant will be required to comply with all of Utah'sprelicensing requirements. Education and examination waivers will not beprovided if the license has expired. The applicant must also comply with each of the following requirements: Application - The applicant must submit an application for examination and license inaccordance with the requirements of the state of Utah. License History - Proof of licensure and disciplinary action, if any, (a "history letter")from each state in which the applicant has been licensed. Education Documentation - A waiver toward the Utah education requirement may be granted for educationtaken in another state. The applicant must provide to the Division validdocumentation of any certified real estate education taken in another statethat correlates with the education requirement of the state of Utah. Validdocumentation shall show proof of completion of the subject matter, the dateof completion and the number of classroom hours of each course taken. The application will be required to take a minimum of 12 classroom hoursin Utah License Law and may be required to take additional real estate educationhours. The applicant will be notified by the Division of his/her specificeducation requirements in the form of a "waiver letter." WAIVER LETTER - Upon receipt of the "license history" and the documentation of previouslycompleted real estate education, the Division will determine how many hours,if any, of Utah's education requirement may be waived and how many hoursthe applicant will still be required to complete before he/she will be allowedto sit for the examination. The licensee will be notified of his/her educationrequirements in the form of a "waiver letter." If applicable, the "waiverletter" will also indicate whether the general (national) portion of thelicensing examination will be waived. The "waiver letter" must be presented: to the school to show the number of education hours required of the candidate, at the time of the examination, and at the time of application for licensure. EXAMINATION - If the applicant has been actively licensed in another state for the precedingtwo years, he/she will be required to take only the Utah state portion ofthe examination. If the applicant has been on an inactive status in anotherstate for any portion of the past two years, he/she will be required to takeboth the national and Utah state portions of the examination. The general portion of the exam may not be waived for licensees from California due to the way California administers their exam. TRUST ACCOUNT - If the applicant is a principal broker, he/she must establish a real estatetrust account in this state. CONSENT TO SERVICE - Upon applying for licensure, the applicant must submit to the Divisionan irrevocable written consent allowing service of process on the Commissionor the Division. PRINCIPAL BROKER AFFILIATION - If the applicant is an associate broker or sales agent, the principalbroker with whom he/she is affiliated must hold an active Utah license. APPLICANTS LICENSED IN OTHER STATES A person who is licensed in another state as a real estate principalbroker, associate broker or sales agent may become licensed in Utah by successfully completing specific education hours requiredby the Division with the concurrence of the Commission, and by passing thestate and, in some cases, the general portion of the Utah real estate licensingexamination. The general portion of the exam may not be waived forlicensees from California due to the way California administers their exam. If the license in another state is expired, the applicant will be required to comply with all of Utah'sprelicensing requirements. Education and examination waivers will not beprovided. The applicant must also comply with each of the following requirements: Application - The applicant must submit an application for examination and license inaccordance with the requirements of the state of Utah. License History - The applicant must be or have been licensed as a principal broker, associatebroker or sales agent in another state. Proof of licensure (a "history letter")from the regulatory agency of each state of previous licensure must be providedto the Division of Real Estate. Education Documentation - A waiver toward the Utah education requirement may be granted for educationtaken in another state. The applicant must provide to the Division validdocumentation of any certified real estate education taken in another statethat correlates with the education requirement of the state of Utah. Validdocumentation shall show proof of completion of the subject matter, the dateof completion and the number of classroom hours of each course taken. The applicant will be required to take a minimum of 12 classroom hours inUtah License Law, and may be required to take additional real estate educationhours. The applicant will be notified by the Division of his/her specificeducation requirements in the form of a "waiver letter." WAIVER LETTER - Upon receipt of the "license history" and the documentation of previouslycompleted real estate education, the Division will determine how many hours,if any, of Utah's education requirement may be waived and how many hoursthe applicant will still be required to complete before he/she will be allowedto sit for the examination. The licensee will be notified of his/her educationrequirements in the form of a "waiver letter." If applicable, the "waiverletter" will also indicate whether the general (national) portion of thelicensing examination will be waived. The general portion of the exam may not be waived forlicensees from California due to the way California administers their exam. The "waiver letter" must be presented: to the school to show the number of education hours required of the candidate, at the time of the examination, and at the time of application for licensure. EXAMINATION - If the applicant has been actively licensed in another state for the precedingtwo years, he/she will be required to take only the Utah state portion ofthe examination. If the applicant has been on an inactive status in anotherstate for any portion of the past two years, he/she will be required to takeboth the national and Utah state portions of the examination. The general portion of the exam may not be waived for licensees from California due to the way California administers their exam. RECIPROCITY The State of Utah currently has signed reciprocity agreements with Wyoming, Colorado, Idaho, Montana, and Alberta, Canada. To apply for reciprocity, send us a written request for licensing through reciprocity, including what states you currently have and previously have had a license in, as well as your contact information. Have the state(s) send a certified license history to us (see contact information ). The reciprocal state MUST show that your license is on an active status. Once we receive your written request and the certified license history/histories, we will generate an application form for you. We will also send you: a questionnaire, the Consent To Service form and acknowledgement, which must be signed and notarized; 2 fingerprint cards; and the fingerprint waiver form (fingerprints required for sales agent applicants only - not for broker applicants). Fingerprints must be obtained by the applicant. The application and other relevant forms must be completed and submitted with the $100 licensing fee and $12 recovery fund fee for sales agents or $18 recovery fund fee for brokers (plus $39 fingerprint processing fee for sales agent applicants). If a broker applicant wishes to open his or her own company, additional paperwork and fees are required. See " Opening Own Business " information above. EXAMINATION PROCEDURE Education - Before an applicant will be allowed to sit for the examination, he/shemust have completely satisfied the appropriate educational requirement. Application - The candidate should obtain the Candidate Handbook from the pre-licensingschool. This handbook will outline the procedure for registering for andtaking the examination. Date/Location - The examination will be given twice daily (Tuesday thru Saturday) in theSalt Lake City area. The examination is also available at the testing centersin Provo, Ogden, Las Vegas, Nevada, and Grand Junction, Colorado. Waiver Letter - Any candidate who is granted a waiver of the general portion of theexamination must submit proof of such waiver from the Division at the timeof application. Questions - The test consists of 80 questions on the general portion of the examination,40 questions for sales agents and 50 questions for brokers on the state portionof the examination. Both the general and state portions of the examinationmust be passed within a six-month period of time. More Information - Please refer to the Candidate Handbook for complete details on takingthe examination. Special Services - The testing center complies with the provisions of the Americans withDisabilities Act (42 USCS Section 12101 et seq.). If the candidate has adisabling condition, he/she may request special testing services. The disabilitymust be verified by a professional who is qualified to diagnose and documentthe disability. Utah Department of Commerce Home | Utah Division of Real Estate Home | Contact the Division of Real Estate | Site Map | Links

Home Equity

Avoiding Home Equity Scams Avoiding Home Equity Scams Y ou could lose your home and your money if you borrow from unscrupulous lenders who offer you a high-cost loan based on the equity you have in your home. Certain lenders target homeowners who are elderly or who have low incomes or credit problems—and then try to take advantage of them by using deceptive practices. The Federal Trade Commission cautions all homeowners to be on the lookout for: Equity Stripping: The lender gives you a loan, based on the equity in your home, not on your ability to repay based on your income. If you can’t make the payments, you could end up losing your home. Loan Flipping: The lender encourages you to repeatedly refinance the loan and often, to borrow more money. Each time you refinance, you pay additional fees and interest points. That only serves to increase your debt. Credit Insurance Packing: The lender adds credit insurance to your loan, which you may not need. Bait and Switch: The lender offers one set of loan terms when you apply, then pressures you to accept higher charges when you sign to complete the transaction. Deceptive Loan Servicing: The lender doesn’t provide you with accurate or complete account statements and payoff figures. That makes it almost impossible for you to determine how much you have paid or how much you owe. You may pay more than you owe. Some of these practices violate federal credit laws dealing with disclosures about loan terms, discrimination based on age, gender, marital status, race, or national origin; and debt collection. You also may have additional rights under state law that would allow you to bring a law suit. The FTC suggests if you’re thinking about using your home as collateral for a loan, be careful. Unless you can make the loan payments out of current income, you could lose your home as well as the equity you’ve already built up. Some additional tips to remember: The lure of extra money or the chance to reduce monthly credit payments can be very costly in the long run. High interest rates and other credit costs could get you in over your head. Credit insurance may not be a good deal from a lender. If you want the added security of credit insurance, shop around. Don’t sign a loan agreement if the terms are not what you were given when you applied. Ask for an explanation of any dollar amount, term, or condition that you don’t understand. Federal law is very clear about what credit and loan term information must be provided in writing when you apply for a loan and before you sign any agreement. In addition, shop around for the best loan terms and interest rates. Contact lending institutions, such as banks and credit unions, and consult a legal or financial advisor, or someone you can trust before you make any loan decisions. Or contact your local Fair Housing Office, legal aid, or senior services organization for information and help. The FTC works for the consumer to prevent fraudulent, deceptive and unfair business practices in the marketplace and to provide information to help consumers spot, stop and avoid them. To file a complaint or to get free information on consumer issues , visit www.ftc.gov or call toll-free, 1-877-FTC-HELP (1-877-382-4357); TTY: 1-866-653-4261. The FTC enters Internet, telemarketing, identity theft and other fraud-related complaints into Consumer Sentinel , a secure, online database available to hundreds of civil and criminal law enforcement agencies in the U.S. and abroad. FEDERAL TRADE COMMISSION FOR THE CONSUMER 1-877-FTC-HELP www.ftc.gov Jan. 1998

Florida Real Estate, Naples

Naples Florida Real Estate, Naples Real Estate, Naples Fl Real Estate, Naples Real Estate for sale, real estate in Naples fl, Naples Fla Real Estate, Beachfront and Waterfront Homes in Naples Florida, Airport Information, Airport Naples Florida, Aircraft Hangars in Naples Florida, Waterfront Properties in Naples Fl,Luxury Homes in Naples Florida, Waterfront Properties in Naples Florida, Naples Homes and Golf Course Communities in Naples Florida and Collier County. Sharon and Art David, Coldwell Banker, will help you to find the Perfect Home in Paradise. Naples Florida Real Estate, Naples Florida Real Estate, Naples Fl Real Estate, Naples Real Estate for sale, Real estate in Naples Fl, Naples Fla Real Estate, Beachfront and Waterfront Homes in Naples Florida Airport Information, Airport Naples Florida, Aircraft Hangars in Naples Florida, Waterfront Properties in Naples Fl,Luxury Homes in Naples Florida, Waterfront Properties in Naples Florida, Naples Homes and Golf Course Communities in Naples Florida and Collier County,Art and Sharon David, Coldwell Banker will help you to find the Perfect Home in Paradise. Naples Florida Real Estate, Naples Real Estate, Naples Fl Real Estate, Waterfront Homes in Naples Florida, Real Estate in Naples Fl, Naples Fla Real Estate,Naples Real Estate for sale, Beachfront and Waterfront Properties in Naples Florida Airport Information, Airport Naples Florida, Aircraft Hangars in Naples Florida, Luxury Homes in Naples Florida, Waterfront Homes in Naples Florida, Naples Homes and Golf Course Communities in Naples Florida and Collier County.Sharon and Art David, Coldwell Banker, will help you to find the Perfect Home in Paradise." Select Page Virtual Tour New Construction Local Partners Rentals Home Buying Info Search All Florida Foreign Purchasers Home Selling Info Places of Worship Community Profile Naples Photos Real Estate Info NEWSLETTER Financial Calculators Home Watch Currency Calculator Real Estate Terms Real Estate News Useful Info Link Exchange Find A Realtor Reciprocal Links Feng Shui CONTACT US NAPLES4U.com If text overlaps photos, go to View>Text Size>Medium Thank you for joining us at one of the most comprehensive web sites on the internet devoted to Naples, Florida, www.Naples4u.com . We hope you enjoy your visit to this web site and look forward to meeting you when you visit us in "Paradise." Take a look at our Featured Listings or go to the Multiple Listing Service and Search for Real Estate For Sale in Naples Florida ,. Join us for a three minute Virtual Tour of Naples Florida . Meet the David Team Sharon and Art David are top-producing members of the International President's Elite, which places them in the top 4% of all Coldwell Banker Agents. They have also been named by Gulfshore Life Magazine as 2005 FIVE STAR Best in Client Satisfaction Real Estate Agents. The Greater Naples Edition of Broker Agent Magazine highlighted Sharon and Art as Agents of the Month for October 2005. Art is a certified Cendant Mobility Affintiy Specialist . Sharon and Art are also certified "Previews Agents" who specialize in the sales of luxury homes to affluent buyers on a world wide basis, and they have developed innovative techniques regarding the marketing of vacant homes . Sharon and Art were licensed realtors for 15 years with the largest Independent Real Estate Company in the United States, Weichert, Realtors before coming to "Paradise" to share their professional expertise with owners and soon-to-be homeowners in Naples, Florida. If you are interested in waterfront homes, luxury homes or Golf Course Communities in Naples, Florida, let them share their expertise with you. NAPLES , Florida is one of the most beautiful places in the country. For the period of 1995-2000, Naples led the country with the highest net migration of young, single, college educated residents. The Office of Federal Housing Enterprise Oversight says the Naples-Marco Island metro area is No. 1 in the nation for home price appreciation for the second quarter ending June 30, 2005 compared with the same time last year. Single-family homes appreciated 35.6 percent during that time. In May 2005, The Florida Association of Realtors reported that the median sales price for single-family homes in Naples rose 24% during the first quarter of the year to $468,000 compared to the median price of $377,000 from the first quarter of 2004. By the end of June, 2005, the median price had risen to $491,400. The median price of homes in Naples is the highest in the state and the fifth highest in the nation with Palm Beach second at $363,600. Naples, Florida has always been rated highly on the list of Money Magazine's Best Places To Live in the U.S. And that is not by accident. The weather is tropical with temperatures in the winter in the 70's and 80's, yet there is always the influence of subtle Gulf Breezes. Majestic Sunsets are the rule rather than the oddity. The opportunities for recreational activities are endless. With over 90 golf courses, both public and private , there are more holes per capita than any other place in the U.S . Golf courses, tennis courts, swimming pools, walking paths and biking lanes abound. Naples is also home to the Franklin Templeton Shootout, The ACE Senior Tour Event and many top tennis events. Golf Magazine's 2005 Dream Home is being built in Naples Florida. For more information about Golf Course Communities, c lick here to email us. One is never far from the water in Naples. Directly on the Gulf of Mexico and near the 10,000 islands in the Everglades, Naples affords boaters some of the prettiest waterways and beaches in Florida where dolphins and manatees cavort in the waves and where sport fishermen can experience some of the best fishing in the world . Waterfront homes need not be on the Gulf of Mexico as t here are hundreds of lakes that dot golf courses and developments throughout the area. Safe harbors for boaters include the Moorings and Venetian Bays , located between Gulf Shore Boulevard and US 41, Naples Bay , Wiggins Pass, and the many canals and waterways that span the magnificent areas of Port Royal , Aqualane Shores , Windstar, Parkshore, Royal Harbor , Bayshore, Oyster Bay, Seagate, Connors, Vanderbilt Beach, Little Hickory Bay and Southport . Yacht clubs, sailboat clubs and full service marinas are available for the most ardent of boaters and fishermen. Private jets and airplanes can also find a home in Naples. With three airports: Naples Municipal Airport , Wingsouth Airpark and The Marco Island Executive Airport, all located within a few miles of downtown Naples, airplane owners can navigate to our sunshine too. Jet sales, charter and leasing services as well as repair and maintenance facilities are readily available for those who wish to fly to Naples. Last but not least, miles of white sand beaches stretch from Keewaydin Island, near Marco Island , past Olde Naples and its landmark pier all the way up to Vanderbilt and Bonita Beaches . Beachfront homes and High Rise Condos on the Gulf constantly provide their owners with absolutely breathtaking views. TV's Travel Channel considers the beaches of Naples FL to be among the finest in the world. C lick here to email us. Third Street South , and Fifth Avenue South are home to fine shops and Art Galleries and top notch restuarants in and around Olde Naples. Experience world class shopping at the Waterside Shops at Pelican Bay, Bayfront , across from Tin City, and at the Venetian Village in Park Shore. Vacation lodging is available in some of the finest hotels in the world including two Ritz-Carltons, the Registry Resort, Trianon , The Inn on FIfth, LaPlaya, the Edgewater Beach Hotel, Naples Hilton and Towers and the Naples Beach Hotel. No matter what your real estate needs are, they can be satisfied in Naples. Luxury High Rise Condos span the Park Shore , Pelican Bay , Bay Colony and Vanderbilt Beach areas. From luxury beachfront homes right on the Gulf of Mexico or from waterfront homes in Port Royal , Aqualane Shores and Royal Harbor , The Moorings, Parkshore, Southport or Little Hickory Bay , to Golf Course Communities and estate homes in Bay Colony , Bonita Bay , Collier's Reserve , Audobon , The Club Estates , Quail West , Quail Creek , Tiburon , Mediterra , Olde Cypress , West Bay Club , Twin Eagles , The Estuary and Grey Oaks , Naples, Fl can afford those with a taste for grand living everthing they could desire. For more information about beachfront and waterfont homes, golf course communities or luxury homes in Naples Florida, click here to email us. Golf course communities and other communities with all the amenities are too numerous to list, but many of them like The Vineyards, Kensington, Hammock Bay, The Brooks, Island Walk, Saturnia Lakes, Pelican Bay, Pelican Isle, Bridgewater Bay, Vasari, Pelican Sound, Pelican Landing, Palmira, The Strand, Pelican Marsh, Naples Lakes, Longshore Lake, Cedar Hammock, Forest Glen, Glen Eagle, Cypress Woods, Naples Heritage, Quail Creek, Village Walk, Delasol, Grandezza, Autumn Woods, Monterey, Lely, Fiddler's Creek, Maplewood, Foxfire, Countryside, Sterling Lakes, Vanderbilt Country Club, Berkshire Lakes, Indigo Lakes and Pebblebrook Lakes offer condos, villas, carriage, coach and single family homes in a variety of neighborhoods and in all price ranges from the 100's into the millions of dollars within their developments. If your heart is set on a grand home within walking distance for the Gulf of Mexico, then there's Olde Naples ; or be on the Gulf in newer, larger homes at Barefoot Beach . Single family homes are also available in areas like the Moorings , Coquina Sands , Park Shore and Naples Park . If you're interested in larger homesites, homes in areas like Pine Ridge , Logan Woods , Livingston Woods and Golden Gate Estates are available. C lick here to email us. Check out these sites for more information about all aspects of Life in Naples Florida including golfing, fishing, places to visit, night life, restaurants, businesses, schools, lodging, government, 1031 exchange information, finance and just about anything else you could think of, along with our favorite links to other interesting and informative websites. Take advantage of our Free Reports about Naples, finance, tax law changes and buying or selling real estate. Contact your local real estate experts, Sharon and Art, TOLL FREE at 800-741-7131 or direct at 239-250-5113 for information about real estate in Naples, Fl Bonita Springs and surrounding areas in Collier County or e-mail us . Click here for a free, no obligation Market Analysis of your home. The David Team will be delighted to help you find that "Perfect Home in Paradise." Input your requirements or do your own search by area, view or development. Remember, We're only a phone call or a click away. Sharon and Art David, P.A. Professional & Reliable Service with Results Naples Florida Real Estate - Naples Real Estate-Naples Fl Real Estate Luxury Homes in Naples Florida-Waterfront Homes in Naples Florida Golf Course Communities in Naples Florida- Naples Fla Real Estate www.Naples4u.com © 2005 Coldwell Banker Previews International Sharon and Art David, P.A. 550 Fifth Ave. S Naples, FL 34102 Office: (239)262-7131 ext. 113 Cell: (239)250-5113 Toll Free: (800)741-7131 Fax: (239)262-8349 E-mail: info@Naples4u.com Disclaimer: "This website is not the official website of Coldwell Banker Previews International Residential Real Estate, Inc. or its affiliated companies, and neither Coldwell Banker Previews International Residential Real Estate, Inc. nor its affiliated companies warrants the accuracy of any information contained herein. Any products and/or services offered for sale on this website shall not be considered an offer to sell goods or services in any other state than Florida." Attention all search engine spiders: This site features Naples, Naples Real Estate, Naples Florida Real Estate, Naples Fl Real Estate, Naplesrealestate, Fl real estate , Luxury Homes in Naples, FL, Waterfront Homes in Naples, FL, Golf course communities in Naples, FL, and homes for sale , land for sale and other real estate for sale in Naples, Fl , Naples, Fl Real Estate , Bonita Beach , Bonita Springs , Bonita , Naples Real Estate , Bonita , Estero , Marco Island , Goodland Island , Collier County , and neighboring communities. Search this site for homes for sale in Collier County communities including, Naples, Fl , Bonita Beach , Bonita Springs , Naples Real Estate , Naples, Fl Real Estate , Bonita , Estero , Marco Island , Goodland Island , Collier County , and find your dream home! Art and Sharon David, an experienced real estate professional, can help you buy, sell or lease a home or other real estate throughout the Collier County , Naples, Fl , and the surrounding communities. Florida RealEstate SPONSORS HBIC has " Florida Mortgage Brokers " and " Consolidate Debt " Booska Movers, Inc. World Wide Movers Naples, Fl (239) 254-9459 Burlington, VT (802) 864-5115 info@booskaworldwide.com www.booskaworldwide.com If you would like information about becoming a sponsor on this website, please, contact us! Homes in other cities AwardedTop 10% in the Nation for Consumer Satisfaction by theInternet Consumer Group RealEstate Banner Network EverythingRE - Everything For & About Real Estate ! RealEstate Directory p RealEstate Site Ring Click *LIST * TO VIEW PARTICIPANTS Courtesyof Realty Images Indexed by State Real Estate Excellence Proudly listed with Naples Florida PDA Home Buying Guide, real estate glossary, mortgage calculator and house listing database. ABG Free Design-Build-CAD-House Plans Free Homebuilding and Homeplanning library. Sample houseplans. Free CAD, design, construction, décor, landscape software, home plans and more. 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