By: Scott Peterson Hold on to your hats, Colorado REALTORS®, a major structural shift to the lead-based paint clause is going into effect on January 1, 2019! This change will apply to the new version of the Colorado Real Estate Commission approved Contract to Buy and Sell (“CREC Contract”) and has me as happy as a dog in a sunroof! For many...
I love talking about “Hot Market Problems.” Market velocity generally means good business for REALTORS® and good job security for the industries and individuals who support REALTORS® (including us annoying real estate lawyers)! Hot markets can be exhausting for all participants, but it is certainly better than the alternative. High velocity also presents unique frustrations and challenges for buyers and...
Your Friendly Neighborhood Regulator [caption id="attachment_22650" align="alignnone" width="245"] Scott Petersen, General Counsel, Colorado Association of REALTORS®[/caption] In addition to fantastic looks and winning personalities, REALTORS® can always be counted on for a rapid fire string of acronyms. NAR, CAR, GRI, CCIM, CMA, FSBO, CRS, e-PRO, RELO, ABR, CNS, CPM, CBR, REO, LTV… Ok, I’ll stop. At this point, most of you are...
“Number one, cash is king… number two, communicate… number three, buy or bury the competition.” - Jack Welch One of America’s most prominent business executives, Jack Welch, uttered those words in May, 2009 during the depths of our country’s most recent recession. He was discussing business strategies for companies to survive during what was, at the time, a very uncertain economic...
As the requirements of the 2010 Dodd-Frank Act continue to be implemented throughout the country, most Colorado REALTORS® have a basic familiarity with the new federally mandated mortgage loan disclosures that will be required be-ginning August 1st of this year. The Consumer Financial Protection Bureau (CFPB), an independent federal agency with oversight of the US financial industry, was created by the...
The Colorado Association of REALTORS (CAR) is pleased to announce that Scott Peterson has been hired as General Counsel for the organization. Peterson, a long-term CAR member, is an experienced legal and real estate professional with an extensive background as both a real estate attorney and commercial REALTOR. “I am thrilled to accept this position with CAR and look forward to...