Construction Defects Legislation Introduced
SB14-220, Concerning prerequisites to the authority of a unit owners’ association to pursue resolution of disputes involving construction defects, was introduced on Wednesday night. The bill has been assigned to the Senate State, Veterans, and Military Affairs Committee, as well as the Senate Judiciary Committee. We are thankful to those of you who have submitted testimonials so far,...
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 1373 Senior and Disabled Veteran Property Tax Exemption
LPC voted to SUPPORT HB 14-1373, Concerning individuals who may claim the property tax exemption for qualifying seniors and disabled veterans. This bill modifies the state's Homestead Exemption to extend its benefits to certain individuals who are not eligible under current law. Specifically, the bill permits the following owners of residential property...
HB 1136 Signed by the Governor
CAR initiated HB 14-1136, which effectively provides a state licensing agency, such as the Real Estate Commission, the authority to approve education programs from providers of CE toward its licensees without an additional layer of approval from the Department of Higher Education. The legislation also removes the restriction of membership among trade associations offering education...
Construction Defects Legislation
The LPC met Wednesday and thoroughly discussed construction defects draft legislation before deciding to SUPPORT the draft. CAR will also join the coalition Homeownership Opportunity Alliance (HOA), a consortium of affordable housing, business, real estate and local government representatives; formed to help meet the demands of home buyers, increasing the supply of affordable housing, promoting the repair of...
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...
HB 1136 Passes the Senate on Third Reading
CAR sponsored HB14-1136, Concerning exempting a continuing professional education program that is approved by a state professional licensing board from regulation by the division of private occupational schools in the department of higher education, passed third reading in the Senate and is waiting for the Governor’s signature. CAR is running this piece of...
Colorado Budget Forecast
The quarterly economic forecast was released Tuesday. CAR is tracking 11 bills that have been stalled in Appropriations waiting for the release of this forecast. While this report is showing some growth, not every tax incentive bill that has been introduced in the Legislature will have funding. It is still unclear how the Legislature will prioritize these bills;...
HB 1136 Regulation of Continuing Professional Education
CAR sponsored HB14-1136, Concerning exempting a continuing professional education program that is approved by a state professional licensing board from regulation by the division of private occupational schools in the department of higher education, passed its first committee hearing this week, advancing from the House Committee on Education to the Committee of the Whole. ...
Posted on
February 28, 2014
REALTOR® Day was a success!
Thank you so much to everyone who attended REALTOR® Day at the Capitol this past Wednesday. We had over 200 attendees from all across the state, and had a very successful day speaking with our Legislators. We'd like to thank Alison Felix, Assistant Vice President and Denver Branch Executive at the Federal Reserve Bank of Kansas...
