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This newsletter, which will be released every Tuesday beginning on March 24, is designed to keep you updated on the state of the coronavirus outbreak in California and its impact on the real estate market. Read more. • Health Check-Up: U.K. starts vaccinations, REALTORS® can continue to provide essential services but must continue to comply with state and local health ordinances. Visit the government’s COVID website for information on your specific county. For annual revenue of greater than $1,000,000 up to $2,500,000, the available grant amount is $25,000. California's real estate forms. The Department also may refer the licensee and the licensee’s broker to state or local health and/or law enforcement officials. Learn more about the financial relief options the CARES Act makes available to REALTORS® — including forgivable SBA loans and pandemic unemployment assistance — on our REALTOR® Relief page. Download the latest C.A.R. Applications for the program must be submitted through a Community Development Financial Institution (CDFI) that has partnered with the state of California to distribute the funds. Looking for additional assistance? For more information on the relief programs available to REALTORS® through this $2 trillion stimulus package, see our, Read Jeanne's update on what C.A.R. C.A.R. The Economy & Your Finances: Job losses continue to soar, The Market & Industry: Listings and closings on the rise, Around the State: California starts easing restrictions, Health Check-Up: Where to get tested, new guidelines for offices, mysterious syndrome impacting children, California releases new guidance for real estate transactions. An industry that works together, thrives together. has also released a new press release: More California REALTORS® expect COVID-19 to impact housing market, Congress Passes the Families First Coronavirus Act. The Economy & Your Finances: Loan programs for small businesses run out of funds, The Market & Industry: Slowing market, millions of loans in forbearance nationwide, Around the State: Planning for the reopening of California, Health Check-up: Virus may be more widespread than initially thought, many of those infected show no symptoms, New video series on Pandemic Unemployment Assistance (PUA). • Around the State: Newsom institutes statewide curfew The letter concludes, "If DRE licensees are made aware of a real estate licensee who is not following the Guidance, please contact the Department of Real Estate at 1-877-373-4542.”, • The Economy & Your Finances: Economy unlikely to return to normal before 2022 These programs ran out of funds less than two weeks after the SBA began accepting applications. The latest market forecast and projection to what lays ahead.. View the latest sales and price numbers. What comes with that title is even cooler. Alliance will Empower California REALTORS® to Leverage Platform to Work Smarter. View C.A.R's upcoming and past virtual events. also will be providing webinars on Wednesday and Thursday on the application process. Paycheck Protection Program (PPP) Loans: Step-by-step guide for PPP loan forgiveness (with employees). Advice in specific situations may depend on a wide variety of factors, and members who require review of a relief application or information about their specific legal or financial situation should consult the attorney, accountant or other advisor of their choice. Members without employees may be eligible for fully forgivable loans up to $20,833. Represent! This site is designed to assist you in your profession by providing access to information on events. Take a seat. releases February home sales and price pre-COVID-19 outbreak report. $25 billion for coronavirus testing and $75 billion for hospitals. releases step-by-step guides for the PPP Loan Forgiveness Application. rental application. C.A.R. As of April 8, Wells Fargo began taking PPP loan applications again. Before the coronavirus outbreak hit the state so severely, California’s housing market was getting a strong foothold, with home sales and prices posting healthy increases in February. • The Market & Industry: Signs of seasonal slowdown beginning • The Market & Industry: Prices remain high while inventory tightens For annual revenue of greater than $100,000 up to $1,000,000, the available grant amount is $15,000. Step-by-step guidance for certification and other post-application information. For information on provisions in the bill that will affect REALTORS®, as well as information on several financial assistance programs available now, see our new, Essential services such as grocery stores, pharmacies, take-out and delivery restaurants, banks and laundromats will remain open. You can also reach the hotline at firstname.lastname@example.org. linkin.bio/carealtors. Frequently Asked Questions about the Tax Cuts and Jobs Act. There will be a second round for application submissions and reviews, although the dates for that round have not yet been announced. C.A.R. Did you know that for zero dollars and zero cents, you can speak with an attorney about your transaction? REALTORS® can use it too! Join our attorneys for a “Legal Bedtime Story” or for the scoop on vital issues like the “Top 5 RPA Mistakes”. has written to the Assistant Secretary for Housing here. Don't hesitate and reach out to us! 's consumer advertising campaign. Our number one concern is the health and safety of our members and staff who participate in the C.A.R. More information to come. C.A.R. In This Issue: Business products and tools to empower REALTORS®. Learn how you can make a difference, by getting involved yourself or by passing along valuable information to your clients. See the Webinars page on the coronavirus microsite for more details. Watch a video on the market outlook here. You are unable to reach the place of employment as a direct result of the COVID-19 public health emergency. If a region’s ICU capacity falls below 15 percent, a new stay-at-home order will be applied in that region for at least three weeks. AB 1577 conforms California state law to federal law by excluding from gross income Paycheck Protection Program (PPP) loans that were forgiven through the CARES Act and subsequent amendments in the Paycheck Protection Program and Health Care Enhancement Act of 2020. currently forecasts home sales to decline in high single digits in 2020, Health Check-Up: Covered California extends special enrollment period, C.A.R. Coronavirus Lease/Rental Addendum or Amendment (Form CVA-LR), which can be attached to a lease agreement and creates a contractual agreement if the initial possession in the lease is affected by an unforeseen circumstance. Time to bring it home. All showings still require either an appointment or a digital sign-in process prior to entry, including completing a PEAD form. C.A.R. Need help on a legal issue? releases new California Coronavirus Weekly Recap newsletter, The Economy & Your Finances: Federal taxes due today, $600 extra weekly unemployment to end July 25, The Market & Industry: Buyer demand on the rise, renters facing significant challenges, Around the State: Newsom shuts down all bars, indoor restaurants and more, Health Check-Up: Avoid poorly ventilated indoor spaces, Governor Newsom’s Shutdown Order of 7/13 Does Not Affect Brokers or Offices. Real Estate Mediation Center for Consumers has mediators available to assist buyers and sellers (as well as other parties to real estate transactions) in resolving their disputes. The Commissioner's Bulletin covers premiums paid in at least six different insurance lines: private passenger automobile, commercial automobile, workers' compensation, commercial multi-peril, commercial liability, medical malpractice, and any other insurance line where the risk of loss has fallen substantially as a result of the COVID-19 pandemic. The document includes specific guidance with respect to drawing up specific plans for showing properties, cleaning and disinfecting protocols, and physical distancing guidelines. Call SDAR at (858) 715-8000 for more information. Plain-English explanations for every paragraph in the RPA that you can send to your buyers and sellers. Entities making PPP loans include banks, financial technology companies, and credit unions. On March 18, 2020, President Trump signed the Families First Coronavirus Act. Need help finding the right person? It is not intended as a substitute for individual legal, financial or tax advice. 's annual consumer advertising campaign creates awareness of the REALTOR® brand and demonstrates the many benefits of the consumer-REALTOR® relationship. issues guidance on Governor's stay-at-home order, Yesterday Governor Newsom and the State Public Health Officer issued Executive Order N-33-20 requiring all Californians to stay home except as needed to maintain continuity of operations in 16 infrastructure sectors. RealCare Insurance Marketing provides Medical Plan Options for Sonoma and all of California. Dotloop®, an industry-leading, end-to-end transaction management software for real estate professionals, announced the addition of California Association of Realtors® (C.A.R.) $310 billion for the Paycheck Protection Program (PPP), which provides forgivable loans to small businesses, including REALTORS®. Residential real estate now listed as an essential service. All the info you need on California’s housing market, economy, and issues impacting the industry. Read more. has released to the press on the novel coronavirus: March 12, 2020: California REALTORS® expect coronavirus to impact housing market. To qualify for PUA, you must meet the following criteria: You are unable to work due to the COVID-19 pandemic — see the list below for what qualifies. Find information on market data, government affairs, legislation, and trending industry issues. Both forms are available here and will be on zipForm® later this week. C.A.R. Learn more about what these scams look like and how to protect yourself, President Trump has signed the Coronavirus Aid, Relief, and Economic Security (CARES) Act into law. California’s eviction moratorium already extends through January 31, 2021, so REALTORS® should see little effect from this provision. C.A.R. click here for the latest covid-19 updates from california association of realtors® c.a.r. Once your Pandemic Unemployment Assistance (PUA) benefits claim has been submitted, use this guide for the certification process. If a licensee or that licensee’s broker continues to operate outside the Guidance, the Department may consider pursuing citations and/or other disciplinary action, as is deemed appropriate. Document PRE), real estate firms and sole proprietors with employees, independent contractors and sole proprietors without employees, Industry Guidance for Real Estate Transactions, step-by-step illustrated instructions available here, https://www.sba.gov/paycheckprotection/find, California Coronavirus (COVID-19) Response, More California REALTORS® expect COVID-19 to impact housing market. This program represents our ongoing commitment to elevate our members' professionalism. is continuing to urge the EDD to move as quickly as possible to get our members much-needed relief. Find tools, tips and tricks for successful online hearings and mediation conferences here. C.A.R. Prop. Relief grant program provides micro grants ranging from $5,000 to $25,000 to eligible small businesses (including independent contractors and sole proprietors). In This Issue: You can read the full issue here. If additional information is needed, the EDD will contact you. C.A.R.’s Legal Live Webinars are online presentations conducted by C.A.R. It’s unclear whether Trump has the legal authority to make such changes on his own, because the power to collect taxes, spend money and write laws rests with Congress. Know that the decision to host an open house remains at the discretion of you and your seller. YPN is a network to sharpen your skills, heighten your leadership, and connect with fellow REALTORS®. Realegal®: Sent by e-mail to members, contain breaking legal information and The Senate has passed the Coronavirus Aid, Relief and Economic Security (CARES) Act, a stimulus package that will provide direct financial assistance to small business owners and independent contractors. For more information on the COVID-19 Tenant Relief Act of 2020, see the full Q&A on car.org. ombudsman may be able to help! risk prevention tips. Additionally, the CARES Act provides a temporary increase of $600 per week that will be added to the base benefit for any eligible weeks between March 29 and July 25, so total benefits during this period will be $767 per week. For the time being, real estate remains an essential service, and the rules REALTORS® have been following under the color-coded tier system still apply. For more information on these and other financial relief programs, see the REALTOR® Relief page. Examinees with questions or concerns regarding canceled exam dates can contact the Department’s Licensing program at (877) 373-4542, C.A.R. and NAR ask Congress for aid for REALTORS®. The Economy & Your Finances: Unemployment rises, stimulus package negotiations begin, The Market & Industry: Wave of upcoming evictions anticipated, Around the State: California is a "new New York", Health Check-Up: Moderna's vaccine study begins final testing phase, The Economy & Your Finances: Additional $600 weekly federal unemployment to end this week, The Market & Industry: Calif. market rebounded in June, Around the State: 90 percent of Calif. students to start school year online, Health Check-Up: Results from early vaccine trials encouraging, C.A.R. Most real estate brokers and real estate firms are therefore likely to qualify. • Around the State: Unprecedented surge drops 41 counties to most restrictive tier Stand out as a REALTOR® with in-depth technical knowledge on the fundamentals of real estate. Health Check-Up: CDC releases new tips for daily activities Copyright © 2021 CALIFORNIA ASSOCIATION OF REALTORS, Housing Affordability Index - Traditional, Important California and Federal real estate related cases. releases two new forms for owners of rental properties. Complete transactions and contracts electronically through zipForm®. has developed new Best Practices Guidelines for Real Estate During COVID-19 in response to the COVID-19 Industry Guidance for Real Estate Transactions issued earlier this month by the California Departments of Public Health and Industrial Relations. Form RLA-CAA (Listing Agreement Coronavirus Addendum or Amendment) is for sellers and listing agents to sign, and Form PEAD (Property Viewing Advisory and Declaration) is to be given to and signed by the seller, buyer, agents and anyone else who will be entering a property. Submit Payment. The Department of Real Estate (DRE) is cancelling real estate salesperson and broker license exams in all exam centers from March 18, 2020 to April 7, 2020. While there were some changes in office opening, cleaning and other protocols that required minor changes to the BPPP and related forms, the new guidelines do not significantly change practices. FHFA ANNOUNCES REFINANCE AND HOME PURCHASE ELIGIBILITY FOR BORROWERS IN FORBEARANCE. Browse our courses by topic to find the training you need to build up your real estate business. The REMS system allows brokers to deliver quality education to their agents and track their progress. For more information, visit the. You will need to provide your total income for 2019 (including both W-2 and 1099 income) and self-certify that you meet the criteria above. For more information on the PPP and EIDL programs, see the REALTOR® Relief page on C.A.R.’s coronavirus microsite. From discounted products and services, to career-focused programs, to our scholarship foundation and much more, C.A.R. Read more. Read Jeanne's update on what C.A.R. Additionally, we have extended the COVID Relief Hotline hours from 8 a.m. to 8 p.m. beginning today through Friday, May 1. You can also visit the Pandemic Unemployment Assistance page, which will be updated as more information becomes available. 's 200,000-plus members with greater choice to take their transactions fully digital. While there is no guidance on whether recipients of a PPP loan must report loan proceeds when certifying for benefits, the California EDD has said it is safest to report the proceeds until guidance is available from the appropriate government agencies. Forms, guides and other legal materials that may be used due to the spread of the Covid-19 strain of the coronavirus. The grant amount will be based on the business’s annual revenue as documented in its most recent tax return: For annual revenue of $1,000 to $100,000, the available grant amount is $5,000. It is the Mission of the Oroville Association of REALTORS® to be a source of information and education for our members, uphold the Code of Ethics, to promote the REALTOR® brand, and to be a positive influence in the growth of the Oroville Community. According to California Secretary of Labor Julie Su, the fastest and most convenient way to apply for PUA will be through UI Online, where you can create an account, file your claim, certify for continued benefits, verify your income and update your information. To further clarify California’s Industry Guidance document, we also have released two new FAQs — one on showing properties, and the other on reopening offices — as well as a legal Quick Guide on Complying with Industry Guidance Showing Rules. Allow use of PPP funds to cover purchase of Personal Protective Equipment (PPE) for employees and certain other expenses not eligible for the first round of PPP loans. Health Check-Up: Debate over vaccine timeline, California allows testing at pharmacies Both C.A.R. stands ready to assist REALTORS® who have been impacted by wildfires through its Disaster Relief Fund and NAR's REALTORS® Relief Foundation. Additionally, C.A.R. It's the Law -- C.A.R. Form NTAP (Notice to Tenant of Ability to Pay Rent During Coronavirus Pandemic) is an informational notice that a landlord can send to a tenant for the purpose of starting a dialogue with the tenant regarding the payment of rent during the coronavirus pandemic. Beware of scammers pretending to be DRE employees and demanding payments. Except for the champagne — that's on you. C.A.R. $60 billion for the Economic Injury Disaster Loan (EIDL) program, to provide $50 billion in loans and $10 billion in emergency grants to small businesses. Stay connected with the latest releases by subscribing to the products and services that interest you. Since the CARES Act was signed, there has been a rise in scammers targeting applicants for and recipients of SBA loans. ), today selected REALVOLVE, the leading customer relationship management (CRM) software platform for leading agents and brokerages. provides real estate services. This training course is for those who want to become certified as a professional standards trainer. Governor Newsom announced new restrictions on top of the color-coded tier system. Unemployment Benefits and Direct Payments, Governor Newsom announced new restrictions on top of the color-coded tier system. releases two new coronavirus forms. The Enforcement Division of the Department of Real Estate has made clear that complaints regarding non-compliance with the showing protocols have been and will continue to be investigated. 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