Ohio REALTORS is providing news and highlights from the real estate industry and governmental entities to keep you up-to-date on the COVID-19 (coronavirus) pandemic.
(SEE TODAY'S DAILY RUNDOWN AT BOTTOM)
LATEST VIDEO: President Chris Reese on safety and COVID-19 / March 31, 2020
DAILY RUNDOWN: June 2, 2020
NAR worked with two of the country's leading experts in public opinion, Rich Thau, President of Engagious, and Jon Last, President of Sports & Leisure Research Group, to provide REALTORS with key insights about how consumers want to safely navigate home sales transactions in the midst of the on-going COVID-19 health crisis. The recorded webinar and slide presentations explore the precautions buyers and sellers expect to take during real estate transactions as well as the precautions they expect real estate professionals to take. The research also looks at how virtual tours are perceived in this new normal as well as the valuable role real estate agents and brokers play during the home sale process. Please see the resources, free to REALTORS, at NAR's Right Tools Right Now
DAILY RUNDOWN: May 29, 2020
The House of Representatives just passed the "Paycheck Protection Program Flexibility Act," which makes several amendments to the CARES Act to make PPP loans more helpful to small businesses by increasing flexibility. The changes include:
NAR sent a letter of support for the bill, which you can read here. The Senate is expected to consider similar legislation next week, although there may be some differences in its legislation. NAR will continue to advocate for improvements to this program so it can be more responsive to the needs of small businesses and independent contractors during this crisis, and to ensure that the maximum number of them are able to reopen when it concludes.
Additionally, NAR has updated its PPP loan forgiveness infographic based on recently released guidance from the SBA.
As the PPP Flexibility Act moves through Congress and the federal agencies provide new guidance on the program, NAR will continue to update its resources for members at its SBA page.