REALTORS® POLITICAL ACTION COMMITTEE (RPAC)
IF REAL ESTATE IS YOUR PROFESSION – RPAC IS YOUR BUSINESS!
The REALTORS® Political Action Committee (RPAC) has been one of the strongest and most successful advocacy organizations for more than 50 years. We work at all levels of the government to protect your business, the industry, and homeowners rights.
While there were nearly 100 bills that we took position on in 2023 below are 4 major wins for our industry at the State Capitol in 2023.
House Bill 1115: CAR defeated a bill that would have repealed the state’s 42-year prohibition on rent control, allowing local governments to enact a patchwork of rent control ordinances. These types of laws remove the incentive to add housing supply, it makes necessary maintenance and improvements virtually impossible, and adds housing pressures for adjacent communities as more people search for available housing. This bill would have worsened Colorado’s housing shortage.
Senate Bill 77: CAR successfully passed legislation to prohibit recordable, multi-year, right-to-sell contracts that hurt buyers, sellers, and the real estate profession. Thousands of homeowners are now protected from predatory schemes promising cash assistance in exchange for listing agreements as far as 40 years into the future. SB-77 passed on large margins of bi-partisan support and was signed into law by the Governor.
Senate Bill 206: In the introduced bill, CAR successfully advocated removing the real estate broker liability for new radon requirements, saving REALTORS® thousands in legal costs. REALTORS® were mandated to ensure seller compliance of radon notification and disclosure requirements and could be open to legal action if the introduced bill passed. The amended bill requires seller to disclose any radon information, testing, mitigation for the property, and to include a brochure that provides advice about radon in real estate transactions. After being amended, the bill became law.
House Bill 1171: CAR successfully modified this bill to ensure property owners could transition rental properties to the for-sale market without being subjected to mandatory relocation assistance to a tenant. The lump sum would be in the amount of two months’ rent, possibly three months’ rent depending on age and socioeconomic status of the tenant. The bill died on the calendar in the final moments of the 2023 legislative session.
The work that we do is made possible through RPAC and the investments made by our members. To make your 2023 investment, please use the link below.