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Coronavirus Aid, Relief, and Economic Security Act: Provisions for REALTORS® and Their Consumers

Congress passed a $2 trillion COVID-19 economic relief package on March 27, 2020 with overwhelming bipartisan support. As more guidance is released by the Administration on how these new programs will be implemented, updates will be provided.

Read More Here: /media/1388/stimulus-brief.pdf

Congress Clears Coronavirus Rescue Bill Filled with REALTOR® Benefits

The U.S. House of Representatives passed a historic $2.2 trillion COVID-19 rescue package Friday, sending it to President Trump for his signature.
 
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.

NAR has compiled a comprehensive guide to all benefits for REALTORS® and their customers found in this legislation.

“This bill will go a long way to help people through these next weeks until the economy can open up again,” said Shannon McGahn, senior vice president of government affairs for NAR. “This is the third and largest rescue package to-date, and we are already working with Congressional leaders on round four.”

“The real estate industry supports nearly 10 million jobs in the United States and makes up 17% of our economy,” McGahn continued. “Congress understands that a strong housing market will lead the economic recovery.”

 

COVID-19 RESOURCES AND GUIDANCE UPDATE MARCH 26, 2020

Mississippi REALTORS®, MAR Staff and General Counsel Ron Farris, have been working diligently through the Standard Forms Advisory Committee to draft and post forms designed to cover commonly occurring or anticipated scenarios caused by the current Novel Coronavirus (COVID-19) pandemic. Four new forms have been created and will be posted for member access on the MAR Web site and on zipForms and dotloop. The Addendum to the F1 Contract is currently accessible, and it is expected the other three forms will follow within 24 to 48 hours.

  • COVID-19 Addendum to the F1 Contract for the Sale and Purchase of Real Estate (F1)
  • COVID-19 Addendum to the Mississippi REALTORS® Residential Lease Agreement (F3)
  • COVID-19 Addendum to the Mississippi REALTORS® Listing Agreement (F4)
  • COVID-19 Disclosure and Waiver Regarding Physical Property Showing or Inspection

 

Access and read more about these forms here: https://msrealtors.org/mar-standard-forms-2/?mc_cid=69a8066e39&mc_eid=14e3da67c0

Introducing Virtual Open Houses & Tours of Homes

During this period of rapid change and uncertainty, we’re here to help you serve your customers while also keeping yourself, your family and community healthy and safe. The necessary restrictions in response to the COVID-19 pandemic make customary, in-person, interactions like Open Houses and Home Tours difficult if not impossible (or even illegal in some markets). Adapting to these restrictions while continuing to make the market work, many MLSs are cancelling in-person open houses and exploring all possibilities to hold “virtual” open houses online. To facilitate, we’ve added the ability for you to schedule virtual open houses and tours of homes in Flexmls Web.

 

Read More about Virtual Open Houses & Tours of Homes Here: https://flexmls.com/flexmls-academy/product-news/introducing-virtual-open-houses-tours-of-homes/

 

TRACK COVID-19 HERE

Cases of COVID-19 continue to be identified in U.S. states and in Mississippi. This is a rapidly changing situation that is continually being monitored by the CDC and MSDH as more cases in the U.S. are expected.

Mississippians are advised to take health precautions to prevent the possible transmission of disease, and stay in touch for the latest information on the situation in Mississippi.

Read more here: 

https://msdh.ms.gov/msdhsite/_static/14,0,420.html

WE ARE OPEN! Meridian Businesses

Our local business community is feeling the impacts of the coronavirus. Some restaurants and retailers have been forced to close, cut store hours, lay off employees and cut services.

Those business, both locally-owned establishments and national chain franchises, need our help to survive the financial fallout during these unprecedented times.

Businesses can fill out the form below to share information about their services. Consumers can see the status of those businesses by clicking on the categories.

"We Are Open!" is just one more way WTOK is helping our community during these challenging times.

Read more here: https://www.wtok.com/weareopen

 

Closings due to Covid-19

Several schools and organizations in the east Mississippi and west Alabama area have closed due to the Covid-19 (coronavirus) pandemic. 

 

Read more about these closings here: https://www.wtok.com/weather/closings