Whitman County Association of Realtors

JOIN US FOR A VIRTUAL MEMBERSHIP MEETING!

TUES., FEB. 2, 2021 @ 12PM-1:30PM

We will be joined by MLS Director AnJanet Martinez who will give you an overview of PACMLS Rules and Regulations, as well as how the iCheck system works, including:

• Recent and Upcoming Changes to PACMLS Rules & Regulations: How They Will Affect You
• Dos and Don’ts: The Most Common (and Preventable!) Violations Flagged by iCheck
• You’ve Been Notified of a Violation: What Are Your Options and How Do You Proceed?
• Breaking Down the Penalty Tier System and Tier Level Fines

PLUS! She will be taking any questions you may have about the compliance process and will be offering you tips on how to avoid fineable errors!

Register for the meeting here:

http://bit.ly/WCARmm02022021

The National Association of REALTORS^® secured key victories in COVID-19 relief legislation that cleared the U.S. Senate & House of Representatives overnight, including various key tax extenders, additional support for the Paycheck Protection Program and funding for rental assistance. Roughly 38% of NAR’s 1.4 million members own at least one rental property throughout the U.S.

“NAR has been one of the loudest voices in Washington advocating for rental assistance these past few months,” said NAR President Charlie Oppler, a REALTOR^® from Franklin Lakes, N.J., and the CEO of Prominent Properties Sotheby’s International Realty. “While REALTORS^® worked to ensure thousands of American families would not go homeless, it was clear that broad, ongoing eviction moratoriums were jeopardizing the very housing opportunities we were trying to protect.

“More than 40% of rental units nationally are owned by ‘mom and pop’-operated small businesses, many of which have been struggling to pay their bills and keep a roof over their tenants’ heads. Rental assistance helps stabilize that housing and keep families in their homes, and we’re grateful that Congress could secure this and other critical relief measures in this legislation.”

 More specifically, the agreement:

• Provides $25 billion to the states through September 30, 2022, for rental assistance and allows landlords to apply for funds on behalf of tenants.
  • Includes payments for rent as well as utilities and other expenses related to housing
• Provides a new round of direct stimulus payments of $600 to most Americans
• Extends all unemployment assistance
• Provides hundreds of billions in additional funding for the Paycheck Protection Program and for Economic Injury Disaster Loans
  • Allows certain eligible businesses to receive a second PPP loan
  • Creates a simplified forgiveness process for most PPP borrowers
• Extends for five years the exclusion from income for mortgage debt forgiveness and permanently extends the energy-efficient commercial buildings deduction
• Increases fair housing funding

In-depth analysis of these provisions created for REALTORS^® is available at nar.realtor/coronavirus#section-181292.

The National Association of REALTORS^® is America’s largest trade association, representing more than 1.4 million members involved in all aspects of the residential and commercial real estate industries.

SOURCE

On December 10th, NAR held a virtual Economic and Real Estate Summit that provided a year-end review and outlook on the post-election real estate market and the economy.

Summit Discussion Topics included:

• 2020 year-end review of real estate market performance
• 2021 and beyond real estate market expectations
• Challenges and risks facing the real estate industry
• Residential and commercial real estate markets
• Topical public policy measures

If you missed the live event, you can now view the 3-hour recording online! So get comfy and watch on as NAR Chief Economist Lawrence Yun and 12 leading real estate and banking economists and researchers arrive at a consensus real estate market forecast for 2021 and beyond!

SOURCE