Colorado Association of REALTORS | Government Affairs
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Government Affairs

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With no leader, no employees and no money, what will happen to Boulder County’s public trustee?

Governor's office: We have a plan, but no details available By Shay Castle   Numbers have been dwindling for years inside Boulder County's public trustee office. As the revenue from fees on ever-shrinking sales and foreclosures grew smaller, so, too, did the staff: down from five in 2012 to two today.   Next week, staff will drop further, to zero.   Trustee Jim Martin announced his resignation...

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IRS Guidance Out on 20% Business Income Deduction

The Internal Revenue Service issued proposed regulations today for a new provision allowing many owners of sole proprietorships, partnerships, trusts and S corporations to deduct 20 percent of their qualified business income. The new qualified business income deduction is available for tax years beginning after Dec. 31, 2017. Taxpayers can claim it for the first time on the 2018 federal...

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Breaking News: Flood Insurance Extension Passes Overwhelmingly

In a big win for REALTORS®, the National Flood Insurance Program will continue renewing or issuing new insurance for four more months under legislation overwhelmingly by the U.S. Senate today. The bill, which cleared the House last week, is expected to be signed into law before midnight tonight, when the program expires.   "We applaud lawmakers for taking this needed action to...

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Many Owners Lack Sufficient Insurance to Cover Disasters

Many homeowners have limits on their home insurance policies that are too low to cover the full cost of repairing or rebuilding in case of a natural disaster—and the problem is particularly alarming in areas at risk of hurricanes and flooding, The Wall Street Journal reports.   Catastrophic damage left in the wake of Hurricanes Harvey, Irma, and Maria last year revealed a widespread...

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Longtime REALTOR® Bob LeGare Selected as Aurora’s New Mayor

Last night, the Aurora City Council selected Bob LeGare, longtime REALTOR® and member of the Aurora Association of REALTORS®, to be the city’s new mayor. LeGare will serve through the remainder of Hogan's four-year term, which ends in December 2019.   Bob has been a REALTOR® since 1983 and has lived in Aurora for 43 years.  He has served on numerous boards and committees for...

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Durango Wildfire Program & VBR REALFire Program

Durango Wildfire Assistance   Those affected by the 416 Fire near Durango are in need of monetary donations, food and household items, and animal-related donations. The Durango Area Association of REALTORS® (DAAR) is working in partnership with area relief organizations, and recently collected nearly 325 lbs of food for the Durango Food Bank as well as monetary donations to assist evacuees.   As of June 19,...

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Statement: NAR Applauds Rule Making REALTORS® Eligible to Participate in Association Health Plans

NAR Applauds Rule Making REALTORS® Eligible to Participate in Association Health Plans   WASHINGTON (June 19, 2018) – The U.S Department of Labor today finalized its rule to expand the definition of “employer” to include “working owners,” allowing real estate professionals and other self-employed individuals to participate in association health plans. The ruling also makes AHPs available to independent contractors who are offered...

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NAR Call For Action: Reauthorize the National Flood Insurance Program

Click here to take action and urge Congress to extend the NFIP and pass meaningful reforms to ensure long-term viability of the program.   The National Flood Insurance Program (NFIP) will expire on July 31, denying necessary insurance coverage to homeowners and buyers in more than 20,000 communities nationwide. Congress must act now to reform and extend the NFIP.   Standard homeowners insurance policies cover wind...

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Economic Impact of Restricting Housing Growth to No More Than 1% in Colorado

A Closer Look at the Economic and Fiscal Impacts of Initiative 66 and Why Housing Matters For the State’s Economic Future   Based upon the projected household growth and recent housing development history, the 10-county front range region covering Adams, Arapahoe, Boulder, Broomfield, Denver, Douglas, El Paso, Jefferson, Larimer and Weld, is projected to add an average of around 35,000 and 43,200...

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CFRR Exec Committee Told 1% Growth Limitation a Non-Starter

Hill poll shows ballot Initiative 66 starting off at only 36%   FOR IMMEDIATE RELEASE   JUNE 6, 2018 (Denver) – The leadership committee for the campaign organized to defeat a filed ballot measure received a briefing from its pollster indicating that concern over a proposed 1% growth limitation along the Front Range may in fact be short-lived. The measure starts off with only...