Colorado

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Colorado

LEGISLATURE ADJOURNS EARLY
The 2005 Colorado General Assembly adjourned on May 9, two days early of the required 120-day maximum session length. This is the first time that lawmakers adjourned early since the 120-day limit was passed in 1985.

CAR 2005 LEGISLAIVE SUCCESSES
#6 - Successfully lobbied for the veto of HB 1061 Landlord Tenant Relations, which would have impacted property owners and negatively affect the ability for two parties to negotiate a lease.
#5 - Defeated SB 220 Title Insurance Referrals & Competition, which would have severely limited a client’s ability to choose or be referred to a title company, along with a broad-based coalition.
#4 - Discouraged the introduction of legislation regarding Errors and Omissions insurance to be introduced this session by the Department of Regulatory Agencies.
#3 - Defeated HB 1229 Rent Control Housing, which would have enabled local governments to pass ordinances for rent control housing. #2 - Achieved record-breaking attendance at REALTOR Day at the Capitol (230 REALTORS registered, 59 Legislators).
#1 - Defeated HB 1094 Real Estate Continuing Education, which would have drastically reduced the continuing education requirements for real estate licensees.
NEWS OF INTEREST TO REALTORS®
Here are a few items that have been in the news recently of interest to Colorado Realtors® and citizens. 1) Outlook for the state’s economy is good through 2006, showing solid job growth and increases in consumer spending. Job growth in 2006 is projected to exceed 2.7 percent. 2) Statewide job growth over the past 15 months is ranked at 8th best in the nation with Colorado adding 55,000 new jobs in the first quarter of 2005. 3) Military base closing around the country will pay off handsomely for Colorado, which is expected to see thousands of personnel transferred to the state as other bases shut down. Fort Carson alone is expected to see 5000 new personnel if the proposed closure plan is approved. 4) The Denver-Metro area has been ranked as the 9th most congested metropolitan area in the nation this year. In 2003 the region ranked as the 3rd most congested. 5) Statewide unemployment rose to 5.2 percent in April, up from a 5.1 percent mark in March.