Colorado Association of REALTORS | REALTOR News
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REALTOR News

Colorado Markets See Double-Digit Declines in Active Inventory

Wide range of local ingredients are flavoring housing markets across the metro area and state Contact:  Marty Schechter for CAR 303-882-4585 cell marty@schechterpr.com ENGLEWOOD, CO. – Nov. 12, 2019 – The anticipated seasonal slowdown in the housing market’s new listings has been met with strong pending/under contract numbers creating 13-20 percent declines in the inventory of active listings across the Denver-metro area and statewide,...

Code of Ethics Training Requirement Will Be Three Years After 2021

On Nov. 11, 2019, the National Association of REALTORS®’ Board of Directors approved a change to NAR’s Code of Ethics training requirement. Since 2001, REALTORS® have been required to take Code of Ethics training to retain their membership. Originally, the training was required every four years, but in 2017, NAR changed the requirement to every two years. A presidential advisory...

NAR Passes MLS Policy on “Coming Soon” Listings

The National Association of REALTORS®’ Board of Directors approved MLS Statement 8.0, also known as the Clear Cooperation policy, at its meeting on Monday, Nov. 11. The policy requires listing brokers who are participants in a multiple listing service to submit their listing to the MLS within one business day of marketing the property to the public. NAR’s MLS Technology and Emerging...

REALTORS® Commend HUD for Moving to Limit Companion Animal Policy Abuse

On Nov. 11, 2019, National Association of REALTORS® President John Smaby thanked Department of Housing and Urban Development Secretary Ben Carson on Saturday for taking action to curb the practice of bogus online-generated documentation for service and companion animals. REALTORS® and other housing industry groups have long expressed concerns about how property owners and managers can honor legitimate tenant needs...

iBuyers: What REALTORS® Should Be Doing Now

You could say that iBuyers and their effect on the real estate industry is this year's hot topic. A panel comprised of industry experts discussed the iBuyer phenomenon at this month’s Fall Forum in Beaver Creek, CO, and offered insight into ways REALTORS® can survive in an ever increasingly competitive industry. Brandon Wells, President of The Group, Inc., explained that REAL-TORS®...

Peterson: Why I Hate Transaction Brokerage!

by Scott Peterson, CAR General Counsel In the July issue of the Colorado REALTOR® magazine, I wrote “Be Afraid! Your Misuse of the Transaction Brokerage Relationship” describing some of the changes that were being proposed to the Colorado Real Estate Commission rules regarding brokerage relationships. At its August 5, 2019 meeting, the Real Estate Commission did, in fact, adopt the...

CAR Government Affairs Staff Examines How Communities Are Tackling Housing Affordability

CAR Vice President of Government Affairs Elizabeth Peetz and Government Affairs Manager Bridget Garcia authored an article for the November 2019 issue of Colorado Lawyer in which they discuss how states, including Colorado, are addressing the challenges of affordable housing. As Peetz and Garcia note, states have used a variety of innovative funding sources for affordable housing, which include: Marijuana revenue: the...

Celebrate Colorado Gives Day by Donating to the CAR Foundation

Colorado Gives Day is an annual statewide movement to celebrate and increase philanthropy in Colorado through online giving. Although Colorado Gives Day is celebrated on Dec. 10, 2019, you can schedule donations to the CAR Foundation beginning today. Go to CAR's Colorado Gives Day page to donate. Colorado Gives Day features a $1 million incentive fund, created by Community First Foundation...

Springs Housing Market Stays Strong Amid Seasonal Challenges

“September 2019 was another strong month for the Colorado Springs-area housing market for single-family/patio homes,” Colorado Springs REALTOR Jay Gupta said. " “Our average sales price was $368,430, with the median sales price of $325,500, and a 1.5-month supply of inventory,” Gupta said. “Since buyers generally purchase properties offering competitive values, 42 percent of El Paso and 31 percent...

Free Tax Deduction Webinar on Nov. 5

Are you ready to stage a comeback against Uncle Sam? Free Webinar November 5, 12:00 pm In sports, on rare occasions, a team can come together, against all odds, and stage a comeback… We’ve all seen some amazing comebacks over the years…with the clock ticking down menacingly, the losing team somehow finds a way to eke out a win. So, what...