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,...
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...
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...
Community Association Manager Licensing Proposed Rules for Review and Comment
As prescribed by the new HOA Manager Licensing Bill, HB13-1277, the Colorado Division of Real Estate has developed proposed rules for the licensing of community association managers. Currently, the Division of Real Estate is collecting comments from the public and industry groups on the proposed rules.
To provide comment on the proposed community association...
San Francisco, CA (April 1, 2014) – NerdWallet, a consumer advocacy website, recently conducted a study to find the best places for homeownership in Colorado. Firestone topped the list while other Denver-area cities, like Dakota Ridge and Castle Rock, also made the top ten.
As renting becomes less affordable, NerdWallet wanted to give potential homebuyers a look at the current housing...
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...
Posted on
February 21, 2014
REALTOR® Day is This Wednesday!
We are looking forward to seeing everyone at this year’s REALTOR® Day at the Capitol on Wednesday, February 26th at the McNichols Building and the State Capitol. If you have requested a meeting with your Legislator through registration, we will be sending more details about that on Monday. In addition, we will send reminders to those...
Posted on
February 13, 2014
The CFPB’s (Consumer Financial Protection Bureau) new Ability-to-Pay Rule took effect on January 10, 2014. This new rule amends regulation Z under the authority of the Dodd-Frank financial industry reform. It requires mortgage lenders to consider consumers’ ability to repay home loans before extending them credit. There is also a category of loans, called “qualified mortgages,” that limit how much home buyer’s income can go toward debt.
How...
Posted on
February 7, 2014
Pre-Registration for REALTOR® Day ends TODAY
View a video invitation from Jeffrey Martin, 2014 Government Affairs Division Vice President, with information about key events at REALTOR® Day. 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...
Posted on
January 24, 2014
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...
