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CLAIMPREVENT® BLOG

Colorado

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Denver City Council Bill 21-420 Effect on the Real Estate Market

Recently, the Denver City Council passed Bill 21-0420, which imposes licensing requirements on property owners offering long-term rentals within Denver County. The City Council’s passage of Bill 21-0420 will undoubtedly impact potential buyers looking to invest in residential rental property…

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Broker Beware: Colorado Short-Term Rental Regulations

“There is [Absolutely No Other] Place Like Home.” Denver, like many cities across the U.S., prohibits individuals from operating “any short-term rental in the City and County of Denver without a license.”  Denver Municipal Code further states that it is…

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Lost Mineral Rights Claims On The Rise in Colorado

Real estate brokers in Colorado increasingly face lawsuits filed by sellers who have unintentionally contracted away their mineral rights when they intended to only sell the surface property rights.   The most common scenario is where the seller tells the…

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When the Septic Hits the Fan: Colorado Specifics

In Colorado, new regulations were enacted regarding septic system requirements that every real estate agent and broker must know.  Many other states have not yet put these types of requirements in place, making Colorado an interesting case study in the…

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What Is Psychologically Impacted Property?

Colorado has adopted a statute that excuses sellers of residential real estate and their brokers from having to disclose certain facts that may psychologically stigmatize real property.  Unfortunately, Colorado does not have a clear rule as to what psychologically-stigmatizing circumstances…

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Abandoned Renter Property

In Colorado, professional property managers are required to have a real estate license. Colo. Rev. Stat. § 12-61-101(2)(a)&(b); see also CP 27 (Commission Position on the Performance of Residential Leasing Property Management Functions Adopted August 1998 – Revised August 2013)…

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