Flood and wildfire season is approaching. You should know your risks and make your plans to improve you outcomes. The National Weather Service wants everyone in the the United States to be part of a Weather-Ready Nation. Colorado has more than its fair share of floods, flash floods, and wildfires. You should be weather alert and weather-ready, knowing how to stay...
There have been a number of developments in Washington, DC to share with you. TAX REFORM: Both the House and Senate have named the members of the conference committee. The committee will begin meeting next week, its goal is to send a final bill to the President by December 15, 2017. NAR will continue to run the Call for Action until the...
SB 177- Construction Defects Passes First Senate Committee After a long afternoon with over 7 hours of testimony, SB 177 passed out of the Senate Business, Labor and Technology Committee by a vote of 6-2 with one excused. We would like to thank these senators for their votes in favor of this much needed legislation: Committee Chair Senator David Balmer, Committee...
As of May 1, 2014, all buyers of older properties (“pre-FIRM”) will see a premium rate reduction under the Homeowner Flood Insurance Affordability Act of 2014. Instead of jumping to “full cost” for flood insurance, buyers will assume the seller’s Oct-2013 rate for a pre-FIRM property. NAR prevailed upon FEMA to implement this provision seven months early. FEMA also extended the rate relief...
HB 1254 Regarding HOA Fees, Including Transfer Fees, Passes Its Final Vote CAR supported HB14-1254, Concerning a requirement to disclose fees charged to a unit owners’ association by a community association manager, passed its final hurdle as the House concurred with the Senate’s amendments and voted to repass HB-1254. The bill requires a licensed community association manager who provides services for...
Pre-Registration for REALTOR® Day closes February 7th Don't miss the 2014 REALTOR® Day at the Capitol on Wednesday, February 26th at the McNichols Building and the State Capitol. Based on feedback received from local leadership, we have revamped this event and are very excited for you to attend. We are offering Capitol tours and meetings with Legislators as part of the...
Legislation is being considered to delay changes to the National Flood Insurance Program. Please Take Action today and tell your Member of Congress and Senators that NAR supports the “Homeowner Flood Insurance Affordability Act.” Send Message » The Problem: Congress provided a 5-year reauthorization of the National Flood Insurance Program (NFIP), but severe implementation problems threaten to undermine real estate transactions where flood insurance...
As the November 14 deadline draws near for filing flood damage claims, survivors may have questions or need additional information regarding any determination their insurer might make regarding their claim. If an insurer sends a written denial of the claim or part of a claim, an owner can appeal this determination. To file an appeal, learn about the four steps you...
Fort Collins Board of REALTORS® Raises Over $6,000 in Gift Card Donations for Colorado Flood Victims To meet the diverse and expansive needs of recent flood victims, the Fort Collins Board of REALTORS® Community Outreach Committee in partnership with Serve 6.8, conducted a three week gift card and fundraising campaign to benefit evacuees who would need immediate and long-term help in...
The National Association of REALTORS® (NAR) REALTORS® Relief Foundation ("RRF") is donating up to $100,000; matching CAR’s contribution of $50,000 plus additional donations CAR receives for the victims who were impacted by the recent horribly destructive floods here in Colorado. CAR will be accepting grant applications for up to $1,500 for mortgage and temporary housing assistance only from November 1, 2013 through January 31, 2014. Each...