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Colorado Association of REALTORS: Legislative Update

HB-1279 “Construction Defect Actions Notice Vote Approval” CAR Position – Support. The Legislative Policy Committee changed its position to support after significant amendments were made to the bill. This bi-partisan bill requires all homeowners and the developer to be notified that a construction defects lawsuit is being considered. In addition, it requires that a majority… Continue reading Colorado Association of REALTORS: Legislative Update

Gov't Affairs, Govt - State of Colorado

Colorado: Transportation Bill Moves to Senate

HB-1242 “Transportation Infrastructure Funding” had its first committee hearing in the Senate’s Transportation Committee on April 11. It passed out of the committee on a 3-2 vote but that could spell trouble for the bill. While HB-1242 is co-sponsored by the Senate President, a Republican, Senators John Cooke (Greeley) and Ray Scott (Grand Junction), voted… Continue reading Colorado: Transportation Bill Moves to Senate

Gov't Affairs, Govt - CO Assoc. of Realtors®

Colorado Association of REALTORS: Doc Fee Bill Introduced

After meeting with CAR lobbyists, who expressed significant concerns, sponsors introduced HB-1309 “Doc Fee to Fund Affordable Housing.” This bill would double the existing documentary fee for the recording of real estate deeds, with half of the money allocated to the county treasurer and the other half allocated to the Colorado Housing and Finance Authority… Continue reading Colorado Association of REALTORS: Doc Fee Bill Introduced

Gov't Affairs, Govt - CO Assoc. of Realtors®, Govt - State of Colorado

Colorado Association of REALTORS: Legislative Update

Senate Bill 17-215 “Sunset Licensed Real Estate Brokers & Subdivision Developers” CAR Position – Support. This bill, which continues the Division of Real Estate, the Real Estate commission and the regulation of real estate brokers until 2026. It passed second reading in the Senate on March 27. The bill directs the Real Estate Commission to… Continue reading Colorado Association of REALTORS: Legislative Update

Gov't Affairs, Govt - CO Assoc. of Realtors®, Govt - State of Colorado

Colorado Association of REALTORS: Legislative Update

The Legislative Policy Committee adopted the following positions at its March 3rd meeting. HB-1187 “Change Excess State Revenues Cap Growth Factor” Position – Support.  This bill modifies the excess state revenues cap by allowing an annual adjustment for an increase based on the average annual change of Colorado personal income over the last 5 years,… Continue reading Colorado Association of REALTORS: Legislative Update

Gov't Affairs, Govt - CO Assoc. of Realtors®, Govt - State of Colorado

Colorado Association of REALTORS: Legislative Update

HB 17-1161 “TIF Tax Increment Financing Transparency” Position -Oppose. Status - died in the House Committee on Business Affairs and Labor on February 21st. This bill would have required additional reporting requirements for urban renewal authorities (URAs). CAR opposed this legislation because it would have made these types of urban renewal projects more difficult to… Continue reading Colorado Association of REALTORS: Legislative Update

Gov't Affairs, Govt - CO Assoc. of Realtors®, Govt - State of Colorado

Colorado Association of REALTORS: CAR Launches Call for Action

CAR and its allies want everyone to participate in the Call for Action (CFA) on SB-156 “Homeowners' Association Construction Defect Lawsuit Approval Timelines.” Sponsored by Sen. Owen Hill and Representatives Lori Saine and Cole Wist, this bill focuses on the need for mediation or arbitration prior to litigation for construction defects. The bill passed its… Continue reading Colorado Association of REALTORS: CAR Launches Call for Action

Gov't Affairs, Govt - CO Assoc. of Realtors®, Govt - State of Colorado

Colorado Association of REALTORS: Legislative Update

SB 156 “Homeowners’ Association Construction Defects Lawsuit Approval Timelines” sponsored by Senator Owen Hill and Representatives Lori Saine (Dacono) and Cole Wist. Support. Status – Not Calendared.  This bill requires an HOA to obtain written consent from a majority of homeowners in the association, disclose projected costs, duration and financial impact of the claim, and… Continue reading Colorado Association of REALTORS: Legislative Update

Gov't Affairs, Govt - CO Assoc. of Realtors®, Govt - State of Colorado

Colorado Association of Realtors: Legislative Update

Here’s an update on some of the positions adopted by the Legislative Policy Committee (LPC) - SB-85 “Increase Documentary Fee & Fund Attainable Housing” OPPOSE. This bill would raise the doc fee for recording or filing to five dollars. The first dollar would go towards electronic filing costs under existing law and the remaining four… Continue reading Colorado Association of Realtors: Legislative Update

Gov't Affairs, Govt - State of Colorado

Colorado Association of Realtors: CAR Attorney Testifies at Pre-Hearing

On January 25th, CAR General Counsel, Scott Peterson testified at the pre-hearing on the Division of Real Estate Sunset before the Senate Business, Labor, and Technology Committee. This pre-hearing was an opportunity for the committee to hear from the Department of Regulatory Agencies’ Policy Analyst and stakeholders on the DORA Sunset Report. Peterson shared CAR’s… Continue reading Colorado Association of Realtors: CAR Attorney Testifies at Pre-Hearing