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.
Latest Updates
– 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:
Recent Articles
Guide to Multiple Offers
NAR guide to handling multiple offers: https://www.nar.realtor/about-nar/policies/professional-standards-and-code-of-ethics/a-buyers-and-sellers-guide-to-multiple-offer-negotiations https://www.nar.realtor/videos/window-to-the-law/how-to-handle-multiple-offers Posted by: Byron King on 11/10/20 (This information is only accurate as of 11/10/20. You must contact SCR for updates and changes to this information after 11/10/20 [...]
Top Risk Management Topics for Brokers
NAR list of top risk management topics for brokers: https://www.nar.realtor/legal/hot-topics-for-brokers Posted by: Byron King on 11/10/20 (This information is only accurate as of 11/10/20. You must contact SCR for updates and changes to this information [...]
Sovereign Citizens
https://www.masc.sc/Pages/newsroom/uptown/April-2019/Understanding-Sovereign-Citizens-Tactics-and-Threats.aspx https://www.thestate.com/news/local/crime/article236331298.html https://mydigitalpublication.com/publication/?i=556322&article_id=3279549&view=articleBrowser https://leb.fbi.gov/articles/featured-articles/sovereign-citizens-a-growing-domestic-threat-to-law-enforcement Posted by: Byron King on 11/09/20 (This information is only accurate as of 11/09/20. You must contact SCR for updates and changes to this information after 11/09/20 as laws and regulations [...]
Earnest money and Repair Procedure….
Since 99.9% of the usual hotline calls have fact patterns that do not fit into applicable federal or SC precedent case law (no one is likely taking repair procedure/earnest money cases all the way to [...]
SC REALTORS(R) Potentially Got Rollback Tax Savings for Buyers, Consider Close in 2021
SC REALTORS® worked to get changes to state laws in 2020. Rollback taxes were changed from 5 years to 3 years in a bill signed by the Governor in September 2020. https://www.scstatehouse.gov/sess123_2019-2020/bills/3596.htm If buyers are [...]
Filing a Report on the NAR Safety Alert Network
Click this NAR link:https://www.nar.realtor/safety/realtor-safety-network To notify law enforcement of a live emergency, please contact 9-1-1. The National Association of REALTORS® is committed to the safety of our members. Through the REALTOR® Safety Network, NAR will [...]