The Colorado Association of REALTORS® (CAR)is donating $25,000 with a goal of raising an additional $25,000 to help victims of Colorado’s recent floods. These funds will serve as seed money for our request of $500,000 from the National Association of REALTORS® Relief Foundation. As a reminder, financial assistance would go to qualified Colorado REALTORS® and members of the public in affected...
When disasters strikes, unfortunately so do scam artists! Coloradoans should beware of possible charity scams in the wake of the floods affecting many parts of Colorado. Colorado Secretary of State Scott Gessler offers some guidance to help citizens raise funds legally or donate wisely to help survivors, their families, and affected communities recover from this disaster. Raising Funds Under Colorado law, most...
On September 16, 2013, the Colorado Office of Emergency Management released its initial estimate of the number of homes damaged by the recent flooding. Officials estimate that the flooding damaged 17,494 homes and destroyed another 1,502 homes. The damage will undoubtedly affect potential home sales and, it will be critical that consumers and their REALTORS® understand the complexities and legal...
The Colorado Association of REALTORS® is in the process of finalizing its plans that will give us the best opportunity to help victims of the Colorado floods. The plans will provide two separate ways to help affected REALTORS® individually and affected communities through non-profit housing organizations. Through NAR’s REALTORS® Relief Foundation CAR is seeking funds to help provide direct support to...
As Colorado is in the midst of experiencing one of the worst floods since 1976 it is important for Colorado REALTORS® to stay updated on the National Flood Insurance Program and the changes in the federal subsidy of flood insurance. Those changes will result in increases in the premiums charged for flood insurance coverage. That means that a buyer who...