Division Boards, Commission and Programs


Real Estate Commission

The Division has a five-member Commission who meet bi-monthly to conduct rulemaking hearings, make policy decisions, consider licensing matters, review complaints and take disciplinary action against real estate brokers. The five Commission members consist of three real estate brokers, one of whom has substantial experience in property management, and two members of the public. The Commission members serve a three-year term.


    Michelle Espinoza - Chair (Public Member)

    • Henderson - Term ends 4/12/2022 

    Graham Kaltenbach (Real Estate Broker) - Vice Chair

    • Denver - Term ends 04/12/2024

    Kim Rediker (Public Member)

    • Vail - Term ends 04/12/2024

    Joe Chang (Real Estate Broker)

    • Denver - Term ends 04/12/2024

    Board of Real Estate Appraisers

    The Division also has a seven-member Board who meet monthly to conduct rulemaking hearings, make policy decisions, consider licensing matters, review complaints and take disciplinary action against real estate appraisers. The Board consists of three licensed or certified appraisers, one of whom shall have expertise in eminent domain matters, one county assessor, one officer or employee of a commercial bank experienced in real estate lending, one officer or employee of an appraisal management company, and one member of the public. The Board members serve a three-year term.

    Board Members

    Patrice Campbell Chair - (Eminent Domain)

    • Grand Junction - Term ends 07/01/24

    Tony Pistilli - Vice Chair (Licensed Appraiser)

    • Lone Tree - Term ends 07/01/2023

    Kristy Ann McFarland - Chair (County Assessor)

    • Crested Butte – Term ends 07/01/2023

    Larry Stark (Licensed Appraiser)

    • Centennial – Term ends 07/01/2023

    Chris Brownlee (Appraisal Management Company)

    • Grand Junction - Term ends 07/01/2024

    Mickey Sanders (Public Member)

    • Denver - Term ends 07/01/2024

    Christopher Chippindale (Commercial Banking)

    • Highlands Ranch – Term ends 07/01/2024

    Board of Mortgage Loan Originators

    The mortgage loan originator program is overseen by a five-member Board. Three members are licensed mortgage loan originators and two members represent the public at large. Each member serves a four year term. The Board makes final decisions that concern rulemaking hearings, policy decisions, licensing matters, complaints and disciplinary actions taken against mortgage loan originators.

    Board Members

    Cindy Emerine - Chair (Licensed Mortgage Loan Originator)

    • Evergreen - Term ends 08/10/2024

    Dena Falbo - Vice Chair (Public Member)

    • Westminster - Term ends 8/10/2024

    Fred Joseph (Public Member)

    • Denver – Term ends 08/10/2022

    Charles "Buzz" Moore (Licensed Mortgage Loan Originator)

    • Grand Junction - Term ends 08/10/2022

    Jennifer Heinrich (Licensed Mortgage Loan Originator)

    • Denver – Term ends 08/10/2024

    Division Programs

    The Division encourages industry and consumer participation and feedback. There are numerous opportunities to serve on committees, task forces, and Boards and Commissions.

    Appraisal Management Companies

    The HOA Information and Resource Center Homepage

    Mortgage Loan Originators

    Real Estate Brokers

    Real Estate Appraisers

    Subdivision Developers


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