The COVID-19 pandemic has caused every industry to re-think the way it conducts business transactions. The real estate industry is prime example in which every entity has had to come together for solutions.
Earlier this month, the Colorado Bar Association approved an addendum for real estate brokers allowing for 14-day extensions of already set deadlines, such as appraisals and closing...
The Colorado Sun recently spoke with several Colorado REALTORS on the state of the Colorado housing market in the midst of the COVID-19 pandemic and how they're working to meet the needs of their clients.
“The last recession in 2008 almost shut us down,” said Ann Hayes, a REALTOR® in Grand Junction. “It’s very different (now). They (home sales) weren’t...
A Hopeful Message from CAR CEO, Tyrone Adams
COVID-19 has made all of us do and try some things that maybe we wouldn't do otherwise. For me, it is trying new things while working remotely to prevent myself from sitting in one spot all day and falling victim to mindless snacking! I started practicing juggling when I take breaks. Now...
The IRS issued guidance Thursday evening to grant deadline relief for both 1031 like-kind exchanges and opportunity zone investments that are already underway. Both of these programs are designed to promote economic growth in communities, and NAR made the case that investors in these programs should not be harmed due to the effects of COVID-19.
1031 Like-kind
exchanges. If an investor has taken the first step
of...
March numbers reflect a pause to the momentum of a healthy first
Marty Schechter for CAR
303-882-4585 cell
marty@schechterpr.com
ENGLEWOOD, CO. – April 10, 2020 – From a cold and snowy Colorado February to the COVID-19 pandemic in March that has impacted virtually every person and every community, the state’s residential real estate market found a way to persevere with...
The Department of Regulatory Agencies Division of Real Estate
recently issued updated guidance on practicing real estate during this pandemic.
In this update, it is clarified that “Real estate appraisals and closings
are considered critical services to complete real estate transactions. Further,
home inspections and final walkthroughs after a buyer has signed a purchase
contract and is therefore a condition precedent to the actual transfer...
We understand that the last 36 hours has resulted in a lot
of confusion for real estate practitioners in Colorado regarding exactly which
functions of a transaction are permitted under the state’s interpretation of
essential services. The Colorado Association of REALTORS® continues to actively
work to obtain clarification based not only on recent guidance issued by the
Attorney General’s office, but also on statements made...
Denver-area REALTOR® Matthew Leprino spoke with CBS4 on ways REALTORS® are assisting clients in the face of the COVID-19 pandemic.
"Nowadays don’t just happen via title companies anymore. They’re occurring via remote notaries and curbside closings and you’re signing papers in your car and handing them back,” he said.
"March-April is really our highest inventory and really our craziest time...
Fox31 spoke with Denver-area REALTOR Grant Muller after he helped a client close on a home shortly after being diagnosed with COVID-19.
"We had to scramble a little bit but I thought, 'What if we could get a power of attorney to sign on the buyer's behalf?'" Muller said.
Muller's solution to the challenge worked out for both buyer and seller....
With the continually evolving COVID-19 circumstances that
are impacting all of our personal and professional lives, the Colorado
Association of REALTORS® staff and leadership team are committed to providing
you with timely, factual information throughout this crisis.
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...
