July Message from Chairman of LBAR, Roberto Ortiz

Posted July 1, 2020

WOW! We are rolling into the second half of 2020! I certainly hope you will enjoy a fantastic 4th of July celebrating our Nation’s Independence Day with your families and friends. Sadly, because of COVID-19, we are unable to be as free as we would like. We have transitioned once again from the “Safer at Home and in the Vast, Great Outdoors” order to the present “Protect Our Neighbors” phase.

In line with this phase, CAR leadership submitted the following letter to Governor Polis this week asking him to consider, in coordination with the CDPHE, allowing open houses with safety procedures: https://www.coloradorealtors.com/wp-content/uploads/2020/06/CAR-Protect-Our-Neighbors-Phase- Letter-Final.pdf

I hope many of you had the opportunity to participate in the June 18th National Code of Ethics Day by taking the CAR sponsored live online Code of Ethics Update Course. It was such a great way to learn about the 17 articles of the Code of Ethics within the COVID-19 era. A portion of the minimal $10.00 fee for the event was donated to the Colorado Association of REALTORS® Foundation making the event a win/win for all.

Finally, here is a quick update regarding two pieces of 2020 key legislation that our Legislative Policy Committee(LPC) and Colorado Association of REALTORS®(CAR) advocated for on behalf of REALTORS®.

  1. HB-1420 Adjust Tax Expenditures for State Education Fund
    Concern: Mitigate the financial impacts to small business from an oppressive tax

Action: Over 2,400 Colorado REALTORS® jumped to action and contacted the State legislators and Governor Polis to alert them of the devastating impacts this bill would have on Colorado’s smallest businesses in a time when many small businesses are struggling to re-open safely. As a result, CAR worked with stakeholders to amend the bill to change the threshold for qualified business income from $75,000 to $500,000 for single filers and $1 million for joint filers.

Status: The House approved these amendments and the bill now heads to Governor Polis for his consideration.

2. HB-1410 COVID-19 related Housing Assistance(LPC Position-Support) Allocates 19 million Federal CARES Act dollars to keep people in their homes whether they rent or own

Concern: Advanced relief for Coloradans facing housing hardship

Status: The bill now heads to Governor Polis for signature

As always, stay focused and give to RPAC. During these times we all need to give a little to keep receiving a lot from NAR, CAR and LBAR.

Stay healthy and keep doing what we all love to do.

Thank you/Gracias, Roberto

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