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
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
Per the Denver Business Journal House Speaker Crisanta Duran would support legislation requiring more homeowners to approve a construction defects lawsuit and providing more information to those condominium owners about the effect of legal actions. It's the Speaker’s first indication that she is willing to go beyond SB-45 (see above) to do something to jump-start… Continue reading Colorado: Legislative Leaders Setting Stage for Compromise?
CAR’s Legislative Policy Committee (LPC) discussed key issues it will likely address in the upcoming session. First on the list was the Division of Real Estate’s sunset review. The Department of Regulatory Agencies (DORA) will issue a report in November outlining any regulatory changes it recommends. CAR recommend changes to continuing education (45 credits over… Continue reading Colorado Association of REALTORS: Legislative Policy Committee Looks Towards 2017 Session
Several members of the Homeownership Opportunity Alliance (HOA) briefed a CAR committee at the convention last week. CAR is a member of the HOA, the alliance which has fought to introduce legislation to remedy construction defect issues in state statute. A 2015 appeals court case (Vallagio v. Metropolitan Homes) had given the HOA hope because… Continue reading Colorado Association of REALTORS: Construction Defects Update
CAR Vice President for Public Policy Ted Leighty will join the executive committee of HOA, an organization that is advocating for the construction defects legislation to encourage builders to develop more condominiums and townhomes. Earlier this week CAR’s political action committee (CARPAC) approved a $10,000 request, which will allow Leighty to join HOA’s executive committee.… Continue reading CAR Joins Homeownership Opportunity Alliance (HOA)