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TRID – Was it Effective and Can it be Blamed for Closing Cost Delays?

TRID – Was it Effective and Can it be Blamed for Closing Cost Delays?   TRID (TILA-RESPA Integrated Disclosure) has recently been added to the long list of REALTOR® acronyms. October 2015 was the launch of this new rule that has created new methodology, structuring, and organization across the board for REALTORS®, buyers, title companies, and lenders. Each field has...

CAR 2017 Fall Conference

SB-215 – Sunset Licensed Real Estate Brokers & Subdivision Developers – Signed by Governor Hickenlooper

SB-215 – Sunset Licensed Real Estate Brokers & Subdivision Developers – Signed by Governor Hickenlooper     Every 10 years, the Division of Real Estate and the Real Estate Commission (Commission) are up for review at the Legislature. In 2017, CAR was actively involved from the very beginning to define the components of the legislation that will continue to regulate...

Top 5 Legislative Successes at the Capitol

Top 5 Legislative Successes at the Capitol Straight from CAR Government Affairs   1)   Construction Litigation Reform   CAR, along with the Homeownership Opportunity Alliance championed compromise legislation that is the first step in the right direction to building more attainable housing for all Coloradans while also protecting homeowners and giving them a voice in whether or not to pursue...

Construction Litigation Reform

Sine Die!   Wednesday, May 10th, the final gavel came down on the first session of the 71st General Assembly.  By many accounts 2017 was an incredibly intense, active and even sometimes challenging session. In total, 793 bills were introduced.  CAR tracked 87 bills this year and the Legislative Policy Committee (LPC) took a position on 44 of them.  ...

A Construction Litigation Reform Deal is Reached!

This week at the legislature….a Construction Litigation Reform Deal is Reached!   HB 1279 Construction Defect Actions Notice Vote Approval   We are excited to announce that a compromise on construction litigation reform was reached early Wednesday morning on HB-1279.  This bill is sponsored by Representatives Garnett (D-Denver), and Saine (R-Firestone) and Senators Tate (R-Centennial) and Guzman (D-Denver). The bill...

Update: Commission and Division of Real Estate Sunset

Last week, CAR General Counsel, Scott Peterson testified at the first pre-hearing on the Division of Real Estate Sunset before the Senate Business, Labor and Technology Committee. This pre-hearing was an opportunity for the committee to hear from the Department of Regulatory Agencies Policy Analyst and stakeholders on the DORA Sunset Report. Peterson shared CAR’s comments on the report, explaining...

Commission and Division of Real Estate Sunset Update

On Wednesday January 25th, CAR General Counsel, Scott Peterson testified at the pre-hearing on the Division of Real Estate Sunset before the Senate Business, Labor and Technology Committee. This pre-hearing was an opportunity for the committee to hear from the Department of Regulatory Agencies’ Policy Analyst and stakeholders on the DORA Sunset Report. Peterson shared CAR’s comments on the report,...

Region XI Conference

Reality of Loan Approval