Breaking News from the National Association of REALTORS® re: PPP Loans

SBA Rolls Out Major Updates to PPP The Small Business Administration and U.S. Treasury Department on Wednesday rolled out major updates to the Paycheck Protection Program, offering automatic forgiveness for certain independent contractors and creating a broader application form for forgiveness. Specifically, the updated forms clarify that the “owner compensation” amount automatically forgiven for borrowersContinue reading “Breaking News from the National Association of REALTORS® re: PPP Loans”

National Association of REALTORS® – Mortgage & Personal Finance RE: COVID-19

My company’s offices are closed, and I am having a hard time providing my final verification of employment within the 10 days prior to loan closing. FHA and RHS are allowing verbal verification of employment. Specifically, your employer can provide this by phone. RHS is also allowing email verification. If you cannot get either ofContinue reading “National Association of REALTORS® – Mortgage & Personal Finance RE: COVID-19”

From the National Association of REALTORS® – Special Pandemic Unemployment Frequently Asked Questions

CARES Act (Coronavirus) Unemployment Assistance FAQs The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) signed into law on March 27, 2020, provides relief to families, small businesses, and individuals who are self-employed and independent contractors. A key provision in the law creates a temporary “Pandemic Unemployment Assistance” program that extends unemployment benefits toContinue reading “From the National Association of REALTORS® – Special Pandemic Unemployment Frequently Asked Questions”

National Association of REALTORS® FAQ

Coronavirus Advocacy FAQ NAR’s Federal Advocacy team has been working closely with Congress and the Administration to ensure the interests of REALTORS® and their clients are protected in any federal action in response to COVID-19, in addition to minimizing transaction disruptions during these very difficult circumstances. As the actions out of Washington evolve daily, belowContinue reading “National Association of REALTORS® FAQ”

National Association of REALTORS® Working on the Hill for Members

Mar 22, 2020 6:36 PM Bob Goldberg We have been aggressively working the Hill on behalf of our members responding to a flurry of legislative activity aimed at providing economic relief from the COVID-19 virus. We are committed to ensuring that lawmakers continue to take into consideration the real estate industry, including independent contractors andContinue reading “National Association of REALTORS® Working on the Hill for Members”