Location: LSB A
Final
BILL SUMMARY for HB17-1358
HOUSE COMMITTEE ON BUSINESS AFFAIRS AND LABOR
BILL SUMMARY for HB17-1358
HOUSE COMMITTEE ON BUSINESS AFFAIRS AND LABOR
| Votes: View--> | Action Taken: |
| Postpone House Bill 17-1358 indefinitely. The moti Refer House Bill 17-1358 to the Committee of the W |
PASS FAIL |
03:01 PM
The committee took a brief recess.
03:03 PM
The committee reconvened.
03:03 PM -- HB17-1358
Representative Rosenthal introduced House Bill 17-1358. Before the closing of a real estate transaction that includes a broker's service, the bill requires that the amount of any fee, commission, or other charge paid to a broker be set forth in writing and accounted for in a contract or contemporaneous document furnished to all parties. The required disclosures must include the identity of the parties paying compensation to a broker an the amounts payable by each party. The bill also requires that whenever a broker advertises his or her services in connection with a specific property, the broker must disclose his or her fees, or the basis for calculating the fees.
Representative Rosenthal responded to questions from the committee.
03:09 PM -- Jacob Pridgen, representing himself, testified in support of the bill.
03:13 PM -- David Hosea, representing himself, testified in support of the bill.
03:16 PM -- Scott Peterson, Colorado Association of Realtors, testified in opposition to the bill.
03:20 PM
Mr. Hosea, Mr. Peterson, and Representative Rosenthal responded to questions from the committee.
03:32 PM -- Paul Franke, the Commercial Real Estate Development Association (NAIOP), testified in opposition to the bill.
03:36 PM -- Joshua Hunt, Trelora, testified in support of the bill. Mr. Hunt responded to questions from the committee.
03:45 PM -- Jane Bill, Colorado Association of Mortgage Professionals, testified in opposition to the bill.
03:47 PM
Representative Rosenthal and committee members made closing remarks.
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| BILL: | HB17-1358 | |
| TIME: | 03:48:34 PM | |
| MOVED: | Rosenthal | |
| MOTION: | Refer House Bill 17-1358 to the Committee of the Whole. The motion failed on a vote of 2-11. | |
| SECONDED: | Winter | |
|
VOTE |
|
|
Arndt |
No |
|
Coleman |
No |
|
Garnett |
No |
|
Gray |
No |
|
Navarro |
No |
|
Nordberg |
No |
|
Rosenthal |
Yes |
|
Sias |
No |
|
Thurlow |
No |
|
Van Winkle |
No |
|
Williams D. |
No |
|
Winter |
Yes |
|
Kraft-Tharp |
No |
|
|
|
YES: 2 NO: 11 EXC: 0 ABS: 0 FINAL ACTION: FAIL
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|
| BILL: | HB17-1358 | |
| TIME: | 03:49:46 PM | |
| MOVED: | Winter | |
| MOTION: | Postpone House Bill 17-1358 indefinitely. The motion passed on a vote of 12-1. | |
| SECONDED: | Williams D. | |
|
VOTE |
|
|
Arndt |
Yes |
|
Coleman |
Yes |
|
Garnett |
Yes |
|
Gray |
Yes |
|
Navarro |
Yes |
|
Nordberg |
Yes |
|
Rosenthal |
No |
|
Sias |
Yes |
|
Thurlow |
Yes |
|
Van Winkle |
Yes |
|
Williams D. |
Yes |
|
Winter |
Yes |
|
Kraft-Tharp |
Yes |
|
|
|
Final YES: 12 NO: 1 EXC: 0 ABS: 0 FINAL ACTION: PASS
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