Next week the U.S. House of Representatives is scheduled to vote on H.R. 9 - The Innovation Act of 2015 which will take vital steps to protect the real estate industry from frivolous lawsuits brought by patent trolls. It is critical that you urge your Member of Congress to support this important legislation. Contact your Member of Congress to Stop Patent...
Construction is once again revving up across Colorado. This should be a welcomed sight for Colorado’s economy, for REALTORS® and part of the answer to our states low affordable housing inventory. Unfortunately this is not the case. The condo market continues to lag due to construction defects, subsequent litigation and extraordinarily high insurance premiums that make it less appealing to...
Colorado’s housing market is booming. Affordably priced homes are receiving multiple offers over asking price within hours of being listed. Why, then, are there no new builds of affordably priced condominiums and townhomes? CONSTRUCTION DEFECTS. Builders and developers have been scared away from developing in Colorado due to the current construction defects laws. Homebuilders and homeowners have a high risk of expensive,...
As a Commercial Real Estate Practitioner you understand how the market can be adversely affected by uncertainty. That is why NAR is asking for your help to extend the Terrorism Risk Insurance Program created following the September 11, 2001 terrorist attacks. When private insurers withdrew from the terrorism insurance market, construction projects ground to a halt and commercial property values...
Congratulations to our Great RPAC Giveaway Winners! $1200 to the Broadmoor for a Spa or Golf Getaway- Deborah Ludvik $150 Visa GiftCard- Janene Johnson $150 Visa GiftCard- Marion Steed $200 Visa GiftCard- Christopher Schack $250 Visa GiftCard- Wynne Palermo $30 Starbucks GiftCard- Hank Poburka $100 Nordstrom GiftCard- Michael Brossmer $100 Nordstrom GiftCard- Christopher Doyle CTME Contracts 1-year Subscription- Joan Cox 2-night Stay at Westin Snowmass- Cindy Blach $100 Shell GiftCard- Marjorie...
NAR Government Affairs has been closely monitoring the implementation of rules by the Consumer Financial Protection Bureau (CFPB). As part of the implementation of the Qualified Mortgage (QM) regulations, CFPB included in the 3% cap on fees and points, amounts paid to affiliate title companies and insurance escrows when there is an affiliate involved in the transaction. Unaffiliated charges...
Legislative Webcast Update You can’t afford to miss this update! CAR’s Legislative Team provides a comprehensive review of legislative activity this year. Topics include: Tax credits for natural disasters and wildfire mitigation, mineral estates, foreclosures, home inspector licensing, contractor retainage, affordable housing, construction defects and more! Click here to view this webcast. REALTOR® Party Convention and Trade Expo Thank you so much to those of...
Sine Die! Wednesday, May 7, the final gavel came down on the second session of the 69th General Assembly. In total, 621 bills were introduced. CAR tracked 66 bills this year and took a position on 32 of them. As we are busy preparing for the 2014 elections, many are noting the bipartisan nature of a large majority of the bills...
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...