The U.S. Supreme Court ruled Monday that the single-director structure of the Consumer Financial Protection Bureau (CFPB) is unconstitutional. With this decision, the bureau’s director can no longer be removed from the position only for cause but instead will serve at the discretion of the president at will. For REALTORS®, the most notable outcome is that the decision does not invalidate...
As with other marketing activities currently allowed, we believe that REALTORS® will be able to host open houses under specific health and safety guidelines that would allow an important element of real estate marketing to return to Colorado for the summer selling season and could be managed safely and responsibility by our industry participants. We hope that our industry has...
On June 22, CAR signed onto an industry stakeholder letter that asks Governor Polis to sign SB20-096 as a necessary replacement for remote notarizations. SB20-096 permits a notary public to perform a notarial act remotely on electronic documents. A notary public may notarize electronic documents for a remotely located individual so long as the notarial act occurs using an electronic...
This year marks the 24th Census count since its inception in 1790. As mandated by the U.S. Constitution, the United States is required to count every person living, regardless of age, in the United States and five U.S. territories every 10 years. The data collected provides policymakers, business owners, school systems, and REALTORS®, with information that fuels economic prosperity across the country. Critical federal funding for...
Elizabeth Peetz, Vice President of Government Affairs I always say that my job is never boring and that CAR is always there to fight for our industry. It's no different during this remote social distancing period. Here are a few updates on what is happening in the Government Affairs arena. The Colorado General Assembly is reconvening on May 18th and legislators really have...
A lot of you are asking, can I show property in my area? The answer to that question depends on the county in which you live and work. While the state Order has transitioned to a Safer at Home policy that provides guidance for real estate showings (see the full Public Health Order 20-28), some counties have opted to extend their stay-at-home orders that may impact your ability to provide showings. These local...
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...
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...
On March 20, 2020, Colorado Governor Jared Polis issued Executive Order D 2020 012, which, among other things, temporarily limits evictions, foreclosures, and public utility disconnections, providing support to unemployed Coloradans affected by the COVID-19 pandemic. The COVID-19 pandemic has impacted Coloradans in a variety of ways, including some Coloradan's ability to meet the financial obligations related to housing. In response, Governor Polis...
The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) signed into law on March 27, 2020, provides relief to families, small businesses, and individuals who are self-employed and independent contractors, including REALTORS® and brokerages. Paycheck Protection Program (PPP) Late on April 2, the SBA released its interim final rule on the SBA 7(a) Paycheck Protection Program loans, created by the CARES Act. Small businesses and...