In response to the growing concerns about COVID-19, commonly referred to as coronavirus, we hope this dedicated page will provide guidance to help REALTORS® and REALTOR® associations respond to the coronavirus’s impact on our industry.
– NAR has updated the PPP Loan guidance into accessible one-pagers on the following topics: PPP Loan Overview, PPP Second-Draw Loans, PPP Forgiveness, and PPP for 501(c)(6).
– On December 21, 2020, Congress struck a deal on a nearly $900 billion coronavirus relief bill for a new round of support. President Trump signed the bill on December 27, 2020. Read a short summary of the bill and the more in-depth summary of the major provisions of that bill impacting REALTORS®.
The National Association of REALTORS® is providing guidance to help REALTORS® respond to COVID-19 – commonly referred to as coronavirus – and its impact on the real estate industry and real estate transactions. Any updates from NAR and its response to the coronavirus emergency will be collected on this page. You can also type your questions in the COVID-19 Chatbot to get answers on a variety of issues related to the pandemic and how it affects you and your business. NAR has issued information and guidance for the following:
Coronavirus Guidance for REALTORS® | Property Owners | Commercial Real Estate | Employers | Workplace Re-Entry | MLSs | REALTOR® Associations | Sample Preparedness Plan
Read details about the federal government’s actions and its effect on real estate professionals:
NAR Adds SOP 10-5 Fair Housing Hate/Harass Speech/Post Ban
Duties to the Public Article 10 (Case Interpretations for Article 10) REALTORS® shall not deny equal professional services to any person for reasons of race, color, religion, sex, handicap, familial status, national origin, sexual orientation, [...]
Article 10 Fair Housing Updated: No Hate/Harassing Speech/Posts
Do utter or post any harassing or hate speech or posts...or you may now face ethics charges. To learn more about the changes to NAR ethics article 10 FAIR HOUSING under SOP 10-5 updated by [...]
ALERT: EARLY/LATE/OCCUPANCY ISSUES
Reports to the hotline are that the courts are pandemic backed up for weeks/months so foreclosures, evictions, and ejectments can be delayed even beyond the CDC eviction moratorium due to be lifted/extended in 2021. Due [...]
#1 Broker Risk per NAR Legal = WIRE FRAUD
Regarding the current NAR Legal #1 Broker Risk "WIRE FRAUD" please watch the SCR video on this issue and review the SCR610 WIRE FRAUD form (consider providing this SCR610 form like candy in addition to [...]
Broker Risks – Top 8 per NAR Legal
https://www.nar.realtor/legal/hot-topics-for-brokers 1. Wire Fraud 2. Cold Calling and Texting Leads/Consumers 3. Your websites are not ADA compliant for sight impaired users 4. Fair Housing - including new ban on harassing/hate speech, slurs, epithets 5. Multiple [...]
Multiple Buyers Form SCR140
Hot markets, low inventory...good time to remind your brokerage buyers that you may be working with multiple buyers who desire the same real estate and you will maintain all these buyers' confidential information. Document this [...]