On Friday, June 26, Gov. Jared Polis signed the Remote Notary legislation into law. Colorado Secretary of State issued the following statement:
DENVER, Colo.- Today, Colorado Secretary of State Jena Griswold applauded the signing of the Remote Notaries Protect Privacy bill into law after it passed the House and Senate unanimously. Following an Executive Order by Governor Polis in March, the...
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...
It is with great sadness that we share news of Paul Wasserstein’s passing on June 24, 2020.
Paul had been a REALTOR® since 1978 and was broker/owner of Wasserstein and Co. He was active in the Association at the local, state, and national levels. Paul previously served as SMDRA President in 1991, served as a CAR Director and as a NAR...
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...
Government Affairs Update
And That's a Wrap, Legislative Session Adjourns Sine Die The final gavel of the 2020 legislative session came down late in the afternoon on Monday. Looking back to January, many would not have imagined discussions through plexiglass and debates on various legislative proposals carrying on through mid-June.
Although stay-at-home orders and social distancing requirements paused the work of the...
Colorado Association of REALTORS® Foundation Awards Grants Totaling $125,000 to 11 Colorado Non-Profits in June, in addition to $125,000 granted in May
ENGLEWOOD, CO – June 19, 2020 – The ongoing economic impact of COVID-19 pandemic has left many Coloradans unable to make rent and mortgage payments due to layoffs and furloughs. In light of this unprecedented emergency, the Colorado Association...
The U.S. Supreme Court issued a landmark ruling on Monday to protect the LGBTQ community from discrimination in the workplace by expanding protections from the 1964 Civil Rights Act to include sexual orientation and gender identity. The Civil Rights Act already bans discrimination in employment based on race, religion, national origin, and sex.
The court voted in favor of the LGBTQ...
Government Affairs Update
2020 Legislative Session Nears the Finish Line The Colorado General Assembly is likely to adjourn this weekend if they complete their work. Despite a global pandemic, more than 700 bills were introduced in the 2020 legislative session. The Colorado Association of REALTORS® tracked 89 pieces of legislation and took a position on 49 bills with the direction of CAR's...
The Colorado Department of Regulatory Agencies sent the following bulletin on 06/03/2020
On June 2,
2020, the Colorado Real Estate Commission (“Commission”) adopted rules
concerning Money Belonging to Others for deposit by a Broker for services other
than Real Estate Brokerage Services. This adoption specifically modifies Rule
5.11, to set a standard and add clarity for Brokers concerning accepting monies
from others in these instances. These...
