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623C8972EE05A0708725896B0081CFA7 Hearing Summary




PUBLIC
BILL SUMMARY For SB23-077

HOUSE COMMITTEE ON TRANSPORTATION, HOUSING & LOCAL GOVERNMENT
Date Mar 7, 2023      
Location LSB A



SB23-077 - Referred to the Committee of the Whole


04:37:55 PM  
Representative Froelich,
prime sponsor, introduced Senate Bill 23-077 concerning prohibiting certain
terms in broker engagement contracts for the sale of a residence.  The
bill proposes excluding from these contracts covenants running with the
land; an assignment of the right to provide service without notice; or
a recordable lien, encumbrance, or other real property security interest.
 
04:40:18 PM  
Zach Chicoine, representing
Colorado Association of Realtors, testified in support of the bill.  Jason
Hopfer, representing Colorado Association of Realtors, testified in support
of the bill.  Mrs. Marcia Waters, representing Department of Regulatory
Agencies - Division of Real Estate, testified in support of the bill.  Brian
Phillips, representing Land Title Association of Colorado, testified in
support of the bill.  Uploaded public comments are included as Attachment
G.
04:49:24 PM  
The witness panel responded to questions from committee members.
04:53:12 PM  
The bill sponsor made closing remarks.


04:55:10 PM
Motion Refer Senate Bill 23-077 to the Committee of the Whole.
Moved Froelich
Seconded Lindstedt
Boesenecker Yes
Catlin Yes
Dickson Yes
Lindsay Yes
Mabrey Yes
Mauro Yes
Parenti Yes
Taggart Yes
Vigil Yes
Wilson Yes
Winter T. Yes
Lindstedt Yes
Froelich Yes
Final YES: 13   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  PASS






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