Summary:This bill prohibits a landlord, agent, representative, or subcontractor of a landlord to use the services of a pricing coordinator via subscription, contract, or other form of exchange. This bill also prohibits two or more landlords from engaging in “consciously parallel pricing coordination”, defined as “a tacit agreement between two or more landlords to raise, lower, change, maintain, or manipulate the price of rent to be paid by tenants.” This bill makes any violation of these prohibitions violations of the Colorado Antitrust Act.
CHC Position/Concerns:OPPOSED-The Colorado Housing Coalition opposes this bill based on the broad and vague nature of “pricing coordinator” and “consciously parallel pricing coordination” as defined in the bill. The broad definition has very few boundaries, which will make it difficult for property managers to navigate pricing properties. As written, this bill theoretically prohibits software such as the MLS, and does not offer any guidance on how to navigate pricing a property when pulling comparable pricing from websites such as Zillow.
CHC Advocacy Efforts:
- January:the CHC voted on our opposition position, and registered our position with our lobbyist. We are participating in stakeholder meetings, dialogue with the bill sponsors, and, if necessary, will testify in the upcoming committee hearing on 1/29/2025.
- February:the CHC proposed amendments to the bill and presented them to our lobbyist to allow us more negotiating power in our stakeholder meetings with the bill sponsors. Testified against the bill on 2/20.
Link to Bill:https://leg.colorado.gov/bills/hb25-1004
We encourage you to reach out the Bill Sponsors and Committee Members in opposition:
- Sponsor Steven Woodrow HD2- 303.866.2967
- Sponsor Javier Mabrey HD1 -303.866.2966
- Committee Chair Naquetta Ricks HD40- 303.866.2944
- Ryan Armagost HD64 - 303.866.2906
- Max Brooks HD45- 303.866.2948
- Regina English HD17- 303.866.3069
- Rebecca Keltie HD16- 303.866.2973
- Sheila Lieder HD28- 303.866.2939
- William Lindstedt HD33- 303.866.4667
- Bob Marshall HD43- 303.866.2936
- Tisha Mauro HD46- 303.866.2968
- Chris Richardson HD46- 303.866.2912
- Gretchen Rydin HD38 -303.866.2953
- Larry Don Suckla HD58 -303.866.2955
Email List for Committee and Sponsors;
steven.woodrow.house@coleg.gov,javier.mabrey.house@coleg.gov,naquetta.ricks.house@coleg.gov,ryan.armagost.house@coleg.gov,max.brooks.house@coleg.gov,regina.english.house@coleg.gov,rebecca.keltie.house@coleg.gov,shelia.lieder.house@coleg.gov,william.lindstedt.house@coleg.gov,bob.marshall.house@coleg.gov,tisha.mauro.house@coleg.gov,chris.richardson.house@coleg.gov,gretchen.rydin.house@coleg.gov,larry.suckla.house@coleg.gov
