Check back often for the latest local and national information that you need to know. Please contact Claire Morrow (firstname.lastname@example.org) with questions about this webpage.
What is Coronavirus?
COVID-19 is a novel coronavirus that has infected more than 142,000 individuals in 134 countries, causing the World Health Organization (WHO) to classify this outbreak as a pandemic on March 11, 2020. Symptoms include fever, cough, and shortness of breath. Anyone experiencing emergency signs such as difficulty breathing, persistent pain or pressure in the chest, new confusion or bluish lips or face should immediately seek medical attention.
As we learn more about COVID-19 (coronavirus) and how to protect the health and safety of our members, Northwest Ohio REALTORS® will continue to provide updated and accurate information as it becomes available. Information can be found on our webpage, social media, e-mail, and daily voice messages. If you have any questions, please contact your NOR staff. Their e-mail addresses can be found HERE.
TeleHealth – Two Months Free for NAR Members Who Enroll Before 4/15/2020
As part of NAR’s relaunched Right Tools, Right Now initiative, starting right now, NAR is funding 2 months of telemedicine at no cost to members who sign-up by April 15, 2020. Through Members TeleHealth℠ you and your family can access professional medical advice from the comfort of your own home 24/7/365. Enrollment is limited, so before enrolling, we ask that you check your insurance first. You may already have access to telemedicine. And if that’s the case, please utilize those resources. Enroll here. http://ow.ly/yYu750z3xIG
NOR REALTOR® FAQ
Are you dealing with information overload? We’ve broken down some important updates that our members need to know. Please contact a member of the NOR staff if you have any questions.
NAR Weekly Coronavirus Update – 4/2/2020
REALTORS® Eligible for Small Business Loans
The Treasury Department released the application for the SBA 7(a) Paycheck Protection Program (PPP) loans, which you can access here. They have also released a summary guide of the program for borrowers, here.
Small businesses and sole proprietors can begin to apply this Friday, April 3. Independent contractors and the self-employed can begin to apply next Friday, April 10. Applications go directly to SBA lenders, which you can find through the SBA site here.
This is a new program created by the CARES Act to provide small businesses (500 employees or fewer), sole proprietors, and the self-employed/independent contracts who are impacted by COVID-19 with loans of 2.5x their average monthly payroll expenses (up to $10 million) to cover payroll, mortgage interest, rent, and utilities for an 8-week period during the crisis. Employers who maintain payroll levels of at least 75% of their average and the same number of employees are eligible for loan forgiveness.
Please contact Government Affairs Director Austin Mack for more information.
OHFA funding and down payment assistance programs remain unaffected
Amid the COVID-19 pandemic, there has been some misinformation circulating in the real estate community regarding loans and down payment assistance provided through the Ohio Housing Finance Agency (OHFA.) The Division of Real Estate and Professional Licensing wants to make sure you know that OHFA continues to work for you and Ohio homebuyers.
OHFA funding and down payment assistance programs remain unaffected during this health emergency. Please also know that OHFA funding is secure and they are accepting reservations. Click here for more information.
The bill contains numerous benefits for REALTORS® that NAR fought hard for during the past three weeks, including unemployment eligibility for the self-employed and independent contractors; unprecedented aid for small businesses; and a delay in business payroll tax payments.
New COVID-19 Addendum
In response to the coronavirus pandemic, NOR has developed a new addendum to ensure that our REALTOR® members are able to continue their business as the situation develops. Please download the document below.
“Stay at Home” order goes into effect until 4/6/2020 for Ohio and Michigan
Gov. Mike DeWine announced Sunday afternoon that all non-essential businesses must close and strongly urges citizens to remain in their homes.
Under this order, real estate services CAN continue in Ohio.
Michigan’s order DOES NOT consider real estate to be an essential service and mandates that all real estate businesses cease operations until April 13, 2020. If you are working in Michigan, please use the addendum HERE.
NAR Open House Guidance
Due to the “Stay at Home” order covering Ohio and Michigan, NAR has developed guidelines for holding safe and effective open houses.
Ohio REALTORS® Coronavirus Resources
The Ohio Division of Real Estate & Professional Licensing has been informed that all eight of its PSI testing sites are closed through April 13. Here’s the current operational status of Ohio’s 88 county recorder offices
Legal Update: What Ohio’s “Stay at Home” Order Means for Real Estate
REALTORS can leave their home for the limited purpose of performing real estate related services. There are a lot of questions as to how the order applies to REALTORS’ day-to-day real estate activities. Unfortunately, the Order does not specify what can and cannot be done in the course of providing real estate services.
Legally Speaking: The impact of COVID-19 on residential property managers
Property managers of residential property are greatly impacted by the COVID-19 pandemic. From student housing to senior housing, managers are forced to deal with issues they have never faced in the past. Some of those issues are addressed inside. (Ohio REALTORS Buzz)
Latest news affecting the appraisal industry: The Appraisal Standards Board offers reminders that USPAP does not require inspections The Appraiser Qualifications Board and Appraisal Subcommittee (ASC) are working together to offer relief The ASC is providing relief to state appraiser and AMC programs
This content is copyright 2020 Ohio REALTORS. Read more at: https://www.ohiorealtors.org/coronavirus-updates-and-information/
Updated NOR Resources
Continuing Education Opportunities
Need to see which classes you’ve completed? Check out the Ohio eLicense Center!
Please email Claire (email@example.com) with any education-related questions.