IRES MLS Is Here For You During This Crisis

IRES MLS IS HERE FOR YOU

It’s been a waterfall of news and information for all of us recently.  This is a quick rewind to remind subscribers what IRES has implemented to support brokers during the pandemic:

COVID Addendum added to IRES Contracts Module

Subscribers can conveniently access the COVID-19 addendum directly from the contracts system.

Uploaded Documents: New COVID Disclosures Label

Subscribers can upload relevant information during the Add/Edit listing process by choosing this new option from the drop-down menu.

All IRES classes became virtual.

Choose from a variety of topics and join on a webinar.  Remote learning at its best. News sessions have been added about Coming Soon and a “Did you Know?” class.

Waived Fines and Reinstatement Fees

In these uncertain times, everyone can use some good news. IRES is waiving late entry fees and Reinstatement fees during March & April.

Find Listings that Feature Virtual Tours – on the MLS System and ColoProperty.com® 

In response to our Stay at Home order, IRES has added a search option for virtual tours on IRESis.com for brokers, and more recently, on our public site, ColoProperty.com for consumers.  Consider including these properties on any MySite you have set up for clients.

New COVID Resource section on IRES-net.com

With information changing almost daily, a collection of links and resources from the State and National Associations, DORA, and the Governor’s office is conveniently curated in one spot.

For more info on online tools visit: IRESis Learning Center or call (970) 593-9002

 

Coming Soon Has Landed

Coming Soon Has LandedComing Soon Listings                                        

In November 2019 NAR approved MLS Policy 8.0 – Clear Cooperation.  IRES MLS implemented this policy with a new Coming Soon status.  This status, used when creating a listing, can be seen anywhere listings are displayed in IRESis.com, MySite, and ColoProperty.com®.

IRES MLS rules and regulations require a listing which is publicly marketed (as defined by NAR’s Policy 8.0) must be submitted to the MLS within 1 business day.  The listing can be added as either an Active listing or a Coming Soon listing.

When selecting Coming Soon as the status, the listing will auto-update to an Active status on a date specified known as the Go Active Date.  This date is any time within 7 calendar days of entering the listing into the system.

These listings are searchable inside the system as well as through Prospects & MySite, and on ColoProperty.com®.  Coming Soon listings do not syndicate to other listing sites until they convert to Active.

Coming Soon and Inventory Report & My Listings

  • Coming Soon listings are included in Inventory Reports and My Listings.  It is visually represented with the color purple and abbreviated to CS.

Coming Soon and Listing Search

  • Coming Soon listings only apply to IRES MLS at this time.  We do not capture Coming Soon listings for data share.    This is available any place the Basic Criteria tab appears for a search (Listing Search, Prospects, Hotsheets, Inventory, and Stats-Custom).

Coming Soon and Listing Details

  • Easily identify the Go Active Date on Listing Details for My Listings, Cart Manager, Report Window, and MySite.

  • Showings cannot be scheduled while a listing is in Coming Soon status.   Showing instructions will not display until the listing is Active.

  • Open houses will only show on or after the Go Active Date.

Coming Soon and Prospects

  • Coming Soon listings are available for Prospect searches and will send to MySite.    The status will need to be intentionally included in the search for Coming Soon listings to be sent to clients.

Coming Soon and Add/Edit Listings

  • When entering a listing for the first time, the Coming Soon status will be available for Residential Detached, Residential Attached, Vacant and Income properties.
  • Coming Soon listings are eligible to go directly to Active, Pending, Sold, or Withdrawn statuses.  NOTE:  Listings cannot revert back to a Coming Soon status.  Use caution when withdrawing or manually activating Coming Soon listings.  They cannot be Coming Soon again with the same office and same agent for 30 days.
  • While showing information is required when entering a Coming Soon listing, that information will not display until the listing is in an Active Status.
  • Open houses can only be scheduled after the Go Active Date.
  • Syndication options are required to be specified when entering a Coming Soon listing; however, the listing will not appear on the specified syndication sites until the listing is Active.  Coming Soon listings will appear on ColoProperty.com®.

Coming Soon Resources:

Webinar Resources:

Regional Government Affairs Update March 31, 2020 🌸🌷

 

In this issue…

LOCAL
County Shelter in Place Orders
Key Issues Postponed
COLORADO Association of REALTORS®
CAR COVID-19 Portal 
STATE
State Order
NATION
President Signs CARES Act
Information from NAR

LOCAL
County Shelter in Place Orders: Last week Boulder and Larimer Counties issued Shelter in Place orders for all residents. Local orders that are more restrictive than the State order (see below) supersede the State order. County orders are in effect until April 17, while the State’s order is in effect until April 11 although it can be extended.

Association executives and I fielded many questions from members. The situation was chaotic, needless to say. Boulder and Larimer Counties eventually designated real estate as an essential business. We received questions such as, “Will I be pulled over by law enforcement if I am out conducting business?” or “Is it ok to hold open houses or showings?”

Some members wanted specific guidance on these topics. Rumors flew fast and furiously. By now you will have received information from your associations. I urge you to follow their recommendations. They will keep you informed. It would be best not to overwhelm government officials with questions during this time; they have enough to do without answering the same questions over and over again.

While county health departments have not prohibited showings, for example, they are asking all of us to follow their recommendations regarding avoiding interactions with non-family members and social distancing. County representatives with whom I spoke voiced reluctance to issue more specific prohibitions related to real estate activities. They said they were waiting to see if the State would issue additional guidelines or restrictions.

Key Issues Postponed: Although local governments are meeting virtually, they have postponed controversial issues until this crisis is past. For one thing, they are busy considering emergency issues in their communities. For another, they want to avoid any perception that they are trying to “slide things through” while the public is preoccupied.

COLORADO ASSOCIATION OF REALTORS®
CAR COVID-19 Portal: The Colorado Association of REALTORS® has a COVID-19 portal for members. It includes current information, updates and guidance you’ll find helpful.
https://www.coloradorealtors.com/colorado-realtor-coronavirus-information-portal/

STATE
State Order: Governor Polis announced a Shelter in Place order on March 25. The order went into effect on March 26. The order will last until at least April 11 , but this will depend on the course of the pandemic, so the date may change. Initially, the State order did not designate real estate as an essential business, however, Colorado Association of REALTORS® lobbyists and staff worked quickly to have that order amended.

At this time the State has not issued additional restrictions relevant to our industry. The Division of Real Estate has a page related to COVID-19 information. That information is available here – https://www.colorado.gov/pacific/dora/covid-19-updates-licensees-and-consumers. Open House concerns are addressed here – https://content.govdelivery.com/accounts/CODORA/bulletins/2832cb0.

NATION
President Signs CARES Act: On March 27 Congress passed 1,000-page, $2 trillion economic relief package which was signed by the President. It provides mortgage forbearance, a moratorium on eviction filings, Section 8 voucher rental assistance, unemployment benefits for self-employed individuals and independent contractors and more. Note that unemployment benefits will be administered by the State of Colorado.

Read more here: https://www.nar.realtor/political-advocacy/coronavirus-aid-relief-and-economic-security-act

Information from NAR: Here’s a link to NAR’s COVID-19 clearinghouse for members –https://www.nar.realtor/coronavirus

IRES MLS COVID-19 RESOURCES

To ensure the safety of our staff and subscribers, the IRES office is closed at this time.  That doesn’t mean that IRES MLS isn’t available to meet your needs.

Employees are working from home.  In today’s digital age, we are able to continue to take calls (although, please be patient when calling in) and continue to be available for live chat during business hours (Monday through Friday 8am-5pm MST).

Our classes continue in webinar format.  Please refer to our training calendar for learning opportunities.

This page is to provide resources for our subscribers.    Information is changing daily; we will strive to keep this page current as it relates to your business.  The following information may be sourced from REALTOR® organizations, but the information is applicable to all real estate professionals, regardless of REALTOR® affiliation.

Be well.  Stay distanced.  We’re here for you.


04/23/2020:  Boulder County Extends Stay At Home Order through May 8, 2020

Pursuant to the statutory authority granted the Executive Director of BCPH, the following is ordered:

1. All persons and businesses in Boulder County are ordered to continue abiding by the requirements of Colorado’s Stay-At-Home Orders through midnight on May 8, 2020, even though those orders as issued by the State would otherwise expire on April 26, 2020. By this Order, I hereby adopt all terms and conditions of Colorado’s Stay-At-Home Orders, Executive Order D 2020-024 and Public Health Order 20-24 as updated, as set forth therein, with one limited exception as noted in Paragraph 2 below.

Continue Reading


04/21/2020 CAR Legal Counsel Speaks to Safer At Home

LegalBites

04/09/2020

Department of Regulatory Agencies Division of Real Estate Guidance: Practicing Real Estate During a Pandemic

The Department of Regulatory Agencies, specifically the Division of Real Estate, and the Department of Law have received inquiries regarding the ability of real estate brokers to show property during the coronavirus disease (COVID-19) crisis. We want to provide guidance on what a real estate broker can and cannot do during this time.

Continue Reading


04/07/2020

CAR COVID-19 Update: Stay at Home Order and Essential Services Interpretation

CAR has been in communication with the Attorney General’s office and has learned that the Third Updated Public Health Order 20-24 that was issued in conjunction with the Stay at Home order (Executive Order D 2020 017) does not consider in-person showings and open houses to be a critical business/service.  According to the Attorney General’s office, only real estate transactions that actually transfer real property ownership (Closings) are permissible and even they must comply with the Social Distancing Requirements set forth in the Health Order.


03/31/2020

COLORADO SECRETARY OF STATE’S OFFICE IMPLEMENTS REMOTE NOTARIZATION

After working closely with the Governor’s office, stakeholders, and the legal community, the Colorado Secretary of State’s Office has implemented a remote notarization process.

For the Notice of Temporary Adoption for the Colorado Notary Program Rules (8 CCR 1505-11), please click here. The notice includes the adopted rules, a statement of basis, and statement of justification. For an unofficial copy of the notary rules as adopted and effective 3/30/2020, please click here. If you have any questions concerning these rules please email notary@sos.state.co.us or sos.rulemaking@sos.state.co.us.

For more information, please visit www.sos.state.co.us.

https://www.coloradorealtors.com/2020/03/30/remote-notarization-during-the-covid-19-pandemic/

 


Colorado state-wide stay-at-home order Issued:

Effective 6:00am Thursday March 26, 2020 through Sunday April 26, 2020.


 

 

FIRST AND FOREMOST:  Please speak with your managing broker for office guidelines and policies related to COVID-19.  

The following information may be sourced from REALTOR® organizations, but the information is applicable to all real estate professionals, regardless of REALTOR® affiliation.


National Association of REALTORS® Resources:

Coronavirus: A Guide for REALTORS®  This page is available for all real estate professionals, not just REALTORS®.

The coronavirus pandemic continues to impact the real estate industry. Everything, from brokerage operations to how listings are being marketed and the ability to close transactions, is requiring REALTORS® to adapt to these extraordinary circumstances. The National Association of REALTORS® (NAR) understands that these unprecedented circumstances are impacting our members’ ability to conduct their businesses. Our members’ success and ability to navigate these uncertain times are paramount to NAR, and we are providing this guidance to help address some of the common transactional issues we are hearing about.

This guidance will be continually updated based on current directives from the WHO, the CDC and the White House, and we encourage all members to stay informed by regularly visiting the CDC’s website(link is external), and to comply with local and state government orders regarding coronavirus-related restrictions.

As always, we are here to support you and see you through this crisis. Thank you for your membership, and we are stronger together!


Colorado Association of REALTORS® Resources:

Colorado REALTOR® COVID-19 Information Portal  This page is available for all real estate professionals, not just REALTORS®.

Emergency Covid-19 Contract Addendum  This form is currently available on the start screen of IRESis.com; we’re working quickly to get it incorporated into our contracts module, as well.

CAR has worked with the Colorado Bar Association in the creation of an approved addendum to the Commission-approved Contract to Buy and Sell Real Estate to address the practical implications of Covid-19. The addendum addresses real estate transactions that are impacted and/or delayed by shutdowns of title offices, government agencies, lenders and/or appraisers; and real estate transactions that are impacted and/or delayed by mandatory or voluntary quarantines.

Small Business Resources:

Colorado small businesses impacted by COVID-19 can seek individual small business loans up to $2M as part of the Small Business Administration’s Economic Injury Disaster Loan program. Small businesses throughout all 64 counties may seek SBA Economic Injury Disaster Loans. Governor Jared Polis announced that Colorado’s application for federal disaster area designation has been approved.

To learn more about the application process, please visit the SBA website. If you need support in navigating the application process, please visit the Colorado Small Business Development Center COVID-19 website. We also have a hotline for small business owners to call with questions about how to apply: (303) 860-5881.

CO HELP: COVID-19 Hotline

For answers in many languages including English, Spanish (Español), Mandarin (普通话), and more:

If you have symptoms and think you have been exposed, call a health care provider.

Sources for Public Health Information

To review the facts, please see the Colorado Department of Public Health and Environment’s (CDPHE) Fact Sheet.

For public health management:


State of Colorado Resources:

The Colorado Department of Public Health and Environment is working closely with the Centers for Disease Control and Prevention (CDC), our Local Public Health Agencies (LPHA) and our communities to provide updated information about COVID-19.
Division of Real Estate:

The Division of Real Estate has received numerous inquiries from real estate brokers and homeowners concerning the showing of homes and conducting open houses at this time while COVID-19 is spreading. We have seen state-wide Public Health Order 20-23 limiting mass gatherings to no more than ten (10) people, Executive Order D 2020 013  mandating the reduction of in-person work requirements by at least 50 percent for non-essential businesses, and “Stay-at-Home” orders in Denver, Boulder, and other counties further limiting the ability of parties, including notaries, to appear in person for closings.

There are many resources available for you and your clients to consider before showing a home, and prior to having a conversation about conducting an open house at this time.

Many other Colorado cities and counties may be considering placing similar restrictions on businesses and residents in the near future.

Real estate professionals and homeowners should follow any emergency rules or orders in effect for the county and city where they are contemplating holding an open house. Real estate brokers have an obligation to exercise reasonable skill and care and should adhere to best practices to protect the general public, their clients, and themselves during this time of uncertainty


IRES, ROCC Announce Data-Sharing Agreement through RPR VIEW®

Partnership continues to expand broker access to MLS data throughout much of Colorado, improving information collaboration and customer satisfaction

 

LOVELAND, Colo.—  Information and Real Estate Services (IRES), a Loveland-based regional multiple listing service (MLS) that serves Boulder, Weld, Larimer, Logan and Morgan Counties and also holds partnerships with other regional MLSs to expand access across the state, today announced a data-sharing agreement between IRES and REALTORS® of Central Colorado utilizing RPR. A similar agreement with Pikes Peak REALTOR® Services Corp. (PPRSC) has been in place since December 2017 and with REcolorado as of January 2020.

“Increased collaboration is the future of real estate, and we are excited to work with other like-minded MLSs to offer a wide range of benefits to real estate professionals across the Centennial State,” said Lauren Hansen, CEO of IRES. “This partnership was designed to bring more value to brokers and consumers by creating a solution that empowers real estate professionals and facilitates seamless transactions.”

Facilitated by Realtors Property Resource (RPR), the partnership provides REALTORS® of all four organizations with access to more listing data and a larger audience to help clients find and sell their dream homes.


About IRES MLS:
Information and Real Estate Services, LLC (IRES) was formed in 1996 as the regional Multiple Listing Service (MLS) for Northern Colorado by five Boards and Associations of REALTORS® in Boulder, Fort Collins, Greeley, Longmont and Loveland/Berthoud. In addition to these five Boards and Associations, IRES is the MLS provider for the Estes Park Board of REALTORS® and Logan County Board of REALTORS®. ColoProperty.com® for consumers is owned and operated by IRES. Its office is centrally located in Loveland, Colo.
About REALTORS® of Central Colorado (ROCC)
As a chartered local association through the National Association of REALTORS, Realtors of Central Colorado brings the power of NAR and the Colorado Association of REALTORS to local REALTORS and Affiliates. ROCC provides resources to create growth and enrichment to members in Salida, Buena Vista, Leadville, Fairplay, Westcliffe, Alamosa, Monte Vista, and South Fork. The Upper Arkansas and San Luis Valleys are home to ROCC and its members.

REALTOR® is a federally registered collective membership mark which identifies a real estate professional who is member of the NATIONAL ASSOCIATION OF REALTORS® and subscribes to its strict Code of Ethics.

Ensuring a future of MLS collaboration and hallmark service

Ensuring a future of MLS collaboration and hallmark service
By Lauren Hansen, CEO of IRES

lauren hansenDuring my tenure with Information and Real Estate Services (IRES), our growth has been exponential: we have more than tripled in size, our regional footprint stretches from Denver to the Wyoming border and we have grown from five associations to seven.

How did we do this? By providing exceptional products and services to brokers and REALTORS®.

Rather than using a national MLS vendor, we stepped up our game to develop our own custom system in response to the needs of real estate professionals across the state and to meet consumer demand. IRES created solid integration services while maintaining a low cost for subscribers. We knew it was important to control our own destiny, so we enlisted our own development team — we are essentially our own custom builder.

The IRES MLS database, IRESis, currently provides extensive property listing and sales information to more than 7,000 brokers, appraisers and their support staff along the Front Range of Colorado. As a company we’ve embraced innovation to improve our services to our customers. Additionally, ColoProperty.com (we launched in 1998) features brokers and their listings directly to the public. The website displays detailed listing information, multiple photos, maps and virtual tours to thousands of unique visitors each day.

Now, as technology and real estate services in Colorado evolve and grow, a new wave of leadership is emerging. I’m excited to work with these individuals to continue to shape the future of real estate in our Centennial State. At this juncture, it is very important to be transparent about the exciting opportunities ahead in our industry and the agreement reached with our Board of Managers.

I have signed a two-year contract to remain with our team, providing leadership and the institutional knowledge necessary to create a solid plan for succession to move IRES forward. This agreement was reached in light of my passion for IRES, those we serve and their clients.

It has been a privilege to dedicate nearly 40 years of my professional life to the real estate sector. As an industry, we now have an exciting opportunity to creatively collaborate on new solutions aimed at better serving our subscribers and their customers — Colorado home buyers and sellers — and I’m excited to do precisely that.

I am thankful for the support of the dedicated IRES staff, developer team, our Board of Managers and the brokers who have all made the IRES MLS what it is today.

Cart Management with IRES MLS

Carts Baby Boss

Quickly and easily manage your Listing Carts with Carts Manager.  With two ways to navigate to the new feature, from the Start Screen or under the Search menu, you now have a dedicated place to access all your Listing Carts.

Have you been collecting Carts since you got in the business?  Do you create Carts for every showing appointment you schedule? Cleaning up Carts has never been easier.  You can pare down your Carts list by sorting on your column headers to see your Carts by create date, last update date, name, listing count, or Cart name.  You can select multiple Carts to delete or delete individually.  Use caution, though!  Deletes can’t be undone.

Not interested in deleting the Cart but wish you could rename it?  Well, that’s a reality with new Carts Manager!  You’ll be prompted if you try to use the same name more than once, so no duplicates or overlaps!

Our fabulous new Card View for listings isn’t just limited to My Listings anymore.  Access our new Listing Details page for a fresh, modern feel.  (Spoiler Alert:  You’ll be seeing this in Listing Search and Search Results in the not so distant future!)  Because the tool is designed to be mobile-friendly, you can copy Listing Link from desktop view and quickly text to your clients.   Listing link is automatically branded to you, as well!

You can work in more than one Cart without losing your place!  Just click on up to 10 Carts.  Each Cart opens in its own tab at the top of the page. We’ve added the ability to write a contract directly from the Listing, too.

Take some time to get to know your Carts in a whole new way with Carts Manager.  Find it all at IRESis.com!

Regional Government Affairs Update February 26, 2020 🏡

In this issue…

LOCAL
Boulder County
Boulder
Council Passes Construction, Energy Code Updates
2020 Priorities
Longmont
Ordinance to Prohibit Residential Metro Districts Passes First Reading
Broomfield City/County
Council Passes Inclusionary Housing on First Reading
Larimer County 
Fort Collins

Montava Project Receives More Approvals 
Land Bank Purchase Approved 
Weld County
Council Appoints Ross 
COLORADO ASSOCIATION OF REALTORS®
Housing Affordability Panel 
Legislative Update
NATION
NAR Hosts Affordability Forum

LOCAL
Boulder County
Boulder

Council Passes Construction, Energy Code Updates: On February 18 the City Council unanimously passed a package of updates to municipal building codes on third reading, including the 2018 International Residential Code and the 2020 City of Boulder Energy Conservation Code.

For the first time, the residential code will allow tiny aka micro-homes – 400 SF or less.
The tiny home amendment requires these homes to be constructed and inspected on a fixed foundation and hooked to fixed utilities, as is the case in most municipalities.

New single-family and duplex homes and any single-family or duplex unit undergoing a change of use, including detached ADUs, must include sprinklers for fire safety. The cost to install them is estimated to cost an additional $1.35 per square foot. In addition, the City Council approved a variety of other local amendments, including straw-clay construction for non-load bearing walls and the use of strawbale construction for structural and non-structural walls.

Regarding the approved amendments to Boulder’s energy code, new homes larger than 3,000 SF must meet net-zero energy requirements. It is the City’s goal eventually, to require net-zero construction for all new buildings but it will take several building code cycles to get there. Also, increased recycling and reuse rates are now required for materials during demolitions.

The effective date for the ordinance was changed to July 1, at Council’s request.

2020 Priorities: Following a retreat in January, the City of Boulder has released the Council’s list of key priorities for the year. Most of the priorities are not real estate-related per se, such as advancing racial equity, Boulder electric utility development, Climate Commitment/Climate Mobilization Action Plan and homelessness, for example.

However, the Council continues to list housing as a priority. Some Council members would prefer it to have a higher prioritization in the workplan. For these members, there are concerns that job growth is outpacing housing growth. They would like to “ensure regulatory structures prioritize housing so that housing and job growth increase at the same rate,” but it is unknown if the Council will address this concept in 2020.

Other real estate-related topics the Council intends to tackle this year include development regulations (community benefits vis-à-vis site review criteria) and the East Boulder Subcommunity Plan.

Longmont
Ordinance to Prohibit Residential Metro Districts Passes First Reading: As expected, the City Council voted 5-2 with Martin and Waters opposed, to revise Longmont’s metro district ordinance on first reading. The ordinance allowing residential metro districts had only been in effect for a year and resulted in the approval of one residential metro district (Mountain Brook).

If the ordinance passes at the public hearing on March 17, residential metro districts will be prohibited. Instead, Longmont will revert to its previous policy which only allows mixed-use metro districts in which no more than 50 percent of the development’s gross floor area can be residential.

Councilmembers Martin and Waters argued forcibly against this concept but were outvoted. They said residential metro districts could be a way to get more entry-level housing in Longmont, something that has been missing for at least the past decade.

Councilmembers Peck and Christiansen countered this by saying the City’s inclusionary housing ordinance will create more affordable homes through time. Peck also argued she would support metro districts if they only paid for the cost of land and infrastructure as State statute requires. Instead, she said, “the residents end up funding all sorts of things.” (This is only one of the statements made that is simply untrue. Colorado statute does not allow metro districts to fund land costs.)

Mayor Pro Tem Aren Rodriguez said, “I haven’t seen any evidence that municipalities have the adequate ability to regulate residential metro districts.” He said the mixed-use metro district model is a good compromise and urged his colleagues to quit arguing and pass the ordinance. Suzie Hildalgo-Fahring added little to the conversation but made it clear from the beginning she intended to vote with the majority.

Mayor Bagley used one of his favorite phrases, “I can count to four.” He tried to get support for the concept of a mixed-use metro district without limiting the amount of residential floor space but could not get enough votes to pass that amendment.

Clearly, some Council members would be willing to approve a mixed-use metro district with limited residential units but only under certain conditions that would be difficult for a developer to meet. It will be interesting to see if any mixed-use metro district applications are submitted moving forward. None were submitted under the previous policy in place prior to 2019.

Broomfield City/County
Council Passes Inclusionary Housing on First Reading: On February 11 the Broomfield City Council passed ordinance 2100 on first reading to implement inclusionary housing. Inclusionary Housing, a policy requiring a developer to create deed-restricted affordable units or pay cash-in-lieu is already in place in Denver, Boulder, Longmont and other towns and cities in Colorado.

Broomfield’s new policy, which will become law if it is approved after a public hearing on March 10, will require developers to deed-restrict 10 percent of for-sale units in projects of 25 or more units for residents who make 80 percent of the Broomfield Area Median Income (AMI). As an alternative, cash-in-lieu can also be used to meet developer obligations.

Developers of rental properties will be required to pay cash-in-lieu for the equivalent of 20 percent of the units on a sliding scale, $25,000 per studio to $37,250 for a three-bedroom. The rental units must be leased to families who meet Broomfield’s 60 percent AMI.

Councilmember Elizabeth Law-Evans, who supports inclusionary housing, said, “I’m a free-market person but we can’t count on the free market to fix this problem over the next five years. We have to do something.” Kimberly Groom, the only councilmember to oppose the ordinance said, “This will make free area units more expensive.” She also expressed concern that there is no organization or structure to monitor or manage inclusionary housing.

During the Council’s Q & A, a question was asked about how the deed restriction will work. Staff explained that the Real Estate Commission’s 2020 Exclusive Right-to-Sell Listing Contract now includes a check-off box, requiring sellers to note if a property is deed-restricted as affordable. In the event that a seller fails to disclose the deed restriction, it would show up during a title search.

Larimer County 
Fort Collins

Montava Project Receives More Approvals: The Fort Collins City Council passed a pair of ordinances on February 18 that will allow the 1,000-acre Montava project to move forward. The Planned Unit Development (PUD) ordinance provides a framework for how Montava will develop over time. The second ordinance gives the project vested rights, which is important because developer Max Moss said it will take about 25 years to complete the entire project.

At build-out, Montava could include as many as 4,000 new homes including a mix of single-family, attached and multifamily units. It will also include schools, retail development and acres of parks and trails.

In response to resident complaints about current traffic issues in the area, especially on Country Club Road, staff explained that the developer will be required to pay for the construction of two new north/south arterial streets to alleviate the project’s traffic impact. Because the development will be phased, a new traffic study will be required for each phase, presenting additional opportunities for the City to assess the traffic impact and require more mitigation by the developer. (The City and Larimer County are also working together to address current traffic issues in the area.)

While the majority of the Council seemed satisfied by the public benefits of the project, including a 40-acre working farm, affordable housing, zero-energy homes, schools, parks and trails, etc., Councilmember Ross Cunniff remained unimpressed. He said the approval for the project was rushed and argued Montava got special treatment from staff and Council. Cunniff also expressed concern about chemicals at the Anheuser Busch plant, saying it was dangerous to put housing near an industrial facility.

The Council voted 6-1 in favor of the PUD and the vested rights ordinances, with Ross Cunniff voting in opposition to both.

Land Bank Purchase Approved: The City Council approved the appropriation of at approximately $1.2 million to purchase a five-acre parcel of land just west of North College Avenue for the City’s Land Bank Program. The Land Bank allows the City to purchase land at current prices and setting it aside for future affordable housing development.

Weld County
Council Appoints Ross: Kevin Ross, the former Mayor of Eaton was appointed to the vacant at-large seat on the Weld Board of County Commissions by the Weld County Council on February 17. Ross had already announced his decision to run for the seat in November. Fellow Republican Perry Buck, who currently serves in the Colorado House of Representatives (District 49) interviewed for the appointment and had also declared for this seat, setting up a June primary.

Weld is the only county in Colorado that has a county council. Its charge is to review “all aspects of County government.” The Council sets salaries of elected officials, fills vacancies on the Board of County Commissioners and the County Council and can suspend an elected official formally charged or indicted for the commission of a crime when a valid petition for recall … is presented.”

COLORADO ASSOCIATION OF REALTORS®
Housing Affordability Panel: In conjunction with its REALTOR® Day at the Capitol & Economic Summit, CAR hosted a panel discussion on housing affordability. Read more here:
https://denverite.com/2020/02/15/limits-on-growth-get-attention-during-affordable-housing-discussion/

 Legislative Update: Here is a summary of some of the bills discussed at the latest Legislative Policy Committee (LPC) meeting. For more information, contact your association’s LPC member(s).

SB-109 “Short Term Rental Property Tax” CAR Position: Oppose
Good news! The bill to charge owners of short-term rentals the commercial property tax rate died in committee.

HB-1201” Mobile Home Park Residents Opportunity to Purchase” Sponsored by Edie Hooten (Boulder) and Joann Ginal (Fort Collins) CAR Position – Monitor

The Housing Subcommittee wants more information on this bill, so the LPC took a monitor position on it for now.

HB-1200 “Sunset Homeowners Association Information and Resource Center” CAR Position – Monitor
This bill continues the HOA information and resource center for 5 years, until 2025. It also creates a dispute resolution and enforcement program (program) under which the Division of Real Estate to collect and annually report upon additional data specifically related to disputes and violations of the “Colorado Common Interest Ownership Act” (act); take complaints, conduct investigations, make determinations, impose penalties, and participate in administrative dispute resolutions when there are alleged violations of the act or the program.

The LPC’s Regulatory Subcommittee is concerned about the financial impact of this bill and recommended a monitor position until the fiscal statement is available.

NATION
NAR Hosts Housing Affordability Forum: Housing Affordability is a top priority for NAR in 2020. This topic was the focus of NAR’s second annual Policy Forum, hosted recently Washington, D.C.

“As America confronts low housing inventory and a persistent lack of affordable housing options, NAR was grateful to bring together some of the brightest minds in our industry at today’s Policy Forum,” said NAR President Vince Malta. “With housing affordability set to be one of the defining policy issues of this decade, it is imperative for NAR – along with economists, lawmakers and other industry stakeholders – to lead discussions that will generate solutions to these far-reaching problems.”

Earlier this year, NAR Chief Economist Lawrence Yun released a report showing that major U.S. metro areas where housing affordability has worsened over the last five years have seen a corresponding drop in job growth. Specifically, housing affordability rankings have declined in 81 of 174 U.S. metro areas, while 34 regions are seeing job growth fall faster than the national average over the past five years.

https://www.nar.realtor/sites/default/files/documents/2020-home-price-gains-by-tenure-full-report-02-04-2020.pdf

While barriers inhibiting development remain, NAR has supported policies it believes could bring relief to the market. In response to HUD’s Request for Information on policies that “raise the costs of affordable housing and contribute to… low housing inventory,” NAR has argued for improved FHA underwriting criteria that is more equitable for first-time homebuyers; incentivization of “Yes in My Backyard” markets to encourage states and localities receiving federal dollars to reform high-density zoning; and for additional Community Development Block Grants that encourage localities to update development plans and address barriers to housing affordability.

Separate NAR research projects that $220 to $400 billion would be added to the economy if the pace of homebuilding and for-sale housing activity re­turned to a more normalized level, translating to 0.25% to 0.50% in added annual GDP growth over the next four years. NAR unveiled separate reports examining (inclusionary) zoningAccessory Dwelling Units and, most notably, a White Paper reiterating the case for homeownership while calling on Congress to restore homeownership incentives in the U.S. tax code.

“No longer providing a tax incentive for buying a home versus renting is a fundamental policy shift for tens of millions of households,” the White Paper reads. “A larger number of households in the middle-class, minority and millennial groups… continue to face the greatest headwinds to increased homeownership. In order to ensure U.S. tax policies support access to the American Dream of owning a home… it is imperative that homeownership… be incentivized in the federal tax system.”

IRES MLS and “Coming Soon”

ComingSoonblogWith the passing of NAR MLS Clear Cooperation Policy (Statement 8.0),  IRES MLS has been busy creating a solution to make this a smooth transition for our subscribers.  We will be creating a new status:  Coming Soon.  Here you’ll find a collection of useful resources to help you adopt this new status into your daily business routine.

What: A new “Coming Soon” status will be added.

When? April 9, 2020. [Fines are effective June 1, 2020]

What else?  Coming Soon will be available to your clients via MySite and ColoProperty.com, if you so choose.  More details below…


Coming Soon-What You Need To Know

What’s New with Homesnap Pro?

BIG Changes have come to Homesnap Pro!

 

 


 

Our Biggest Update Ever: Say Hello to the All-New Homesnap Pro

We’re excited to announce the All-New Homesnap Pro is now LIVE across all 200+ of our partner MLSs nationwide! 

More than 1 million agents already have free access to Homesnap Pro as an MLS benefit. Now, we’ve released the biggest update in Homesnap history so it’s the only real estate search app you — and your clients — will need.

We’ve been conducting extensive research for the past year on what technology real estate agents actually want, and now we’re providing it in one easy-to-use app that’s deeply integrated with your MLS.

Make sure you update and log into your Homesnap Pro agent account to access these incredible new features!

With the All-New Homesnap Pro, agents can now:

Find seller leads before the competition

An essential part of being a listing agent is finding seller leads. That’s easier than ever with new property heatmaps and filters for your priority zips. With heatmaps, you can better visualize your off-market search based on key factors like mortgage age, ownership time, and Likelihood to List.

Use our new Likelihood to List scores to identify the homes most likely to list in the next 12 months to improve your prospecting with Homesnap’s predictive algorithms.

You can also see deeper insights on every off-market property in your area, from mortgage history and net equity to detailed historic property records.

Additionally, you have free access to unlimited homeowner contact information so you can instantly reach out to homeowners by phone, text or email.

Help buyers find homes that aren’t even on the market yet

With Likelihood to List scores, you can identify properties that match your buyers’ search criteria but aren’t on the market yet. Pair their existing search filters with homes that are Most Likely to List soon to expand their home search in a snap.

With the homeowner contact info from Homesnap, you can strike up a conversation with the homeowner and see if they’d be interesting in selling.

Seamlessly collaborate with clients

Make the homebuying process a harmonic one. Invite your buyers onto Homesnap so you can exchange in-app messages and get alerts when they favorite properties.

Homesnap is a safe haven for your clients, because they can get the same search experience as sites like Zillow and Redfin, without seeing any third-party advertising. Instead, they just get a seamless home search powered directly by your MLS. 

This technology is an absolute game-changer for agents and brokers across the country, and it’s all FREE as an included MLS subscription benefit. Start accessing data-backed prospecting tools, unparalleled client collaboration features, and a direct connection to your MLS’s real-time data in one place with the All-New Homesnap Pro.

If you don’t have the Homesnap app yet, download it in the App Store and Google Play Store. Or, click here to check out our website.