The Small Business Association (SBA) and U.S. Treasury Department recently released a major update regarding PPP loan forgiveness and is now offering automatic loan forgiveness for certain borrowers and is providing an easier, streamlined Forgiveness Application.
And, if you were considering applying for a PPP loan, it’s not too late, but you need to act soon. The current funding cycle expires on June 30. You can read more details about the updates and how you can still apply in NAR’s news release here.
Maybe you still have some extra time on your hands. So, why wait until next year when you can be earning and leaning now? Keep in mind these helpful reminders about your CE requirements:
· The current cycle ends on April 30, 2021
· 12 Credits are required: 6 Core (2 must be Ethics and 1 Fair Housing) and the remaining 6 can be Core or Elective
· Credits cannot be rolled over from cycle to cycle
· Anyone licensed up to June 30, 2020, is responsible for obtaining all 12 credits
New Fair Housing guidance regarding COVID-19 has been released and we all need to stay up-to-date with the revised rules and regulations. NAR has posted an update to help ensure FHA compliance with regard to the pandemic. It includes answers to important questions such as:
· Can I ask if someone has been diagnosed with COVID-19 or if they have had exposure to the virus before providing services to them?
· May I require a COVID-19 screening questionnaire before working with an individual?
· Am I obligated to assist or show or provide housing to someone who has or may have COVID-19?
You can read the entire updated document here.
In Case You Missed It:
Earlier this year, the Willingboro Council approved an ordinance eliminating the requirement of a survey as a prerequisite for receipt of a Certificate of Occupancy (CO).
The NEXUS Legislative Committee met with the Council in December to ask that they bring the requirements for a CO in line with other municipalities who do not require a survey. As a result, the Council removed the survey requirement as of April 1, 2020.
Building Continues in Burlington, Assistance for Business in Camden and Changing Regulations for Shore Rentals
Changes continue to come quickly, NEXUS has attended and summarized the important information coming out of municipal meetings in Camden, Burlington and Ocean Counties. Read the latest news in April's Municipal Monitor.
Although our office is still closed, the NEXUS REALTOR® store is open and items such as signage, brochure boxes, flags and Supra lockboxes are always available.
Contact us to place an order and we can arrange for payment over the phone and low or no-contact pick-up. Please note that only NEXUS staff members are currently permitted in the office.
As a self-employed individual or independent contractor, you may qualify for “Pandemic Unemployment Assistance” if you have been unable to work as a direct result of COVID-19 and do not qualify for or regular unemployment benefits under state law.
For the full list of qualifications, click here, go to “Unemployment Benefits for Self-Employed” and click the “+” sign to see the list.
NAR’s Clear Cooperation policy doesn’t: Prohibit “coming soon” listings, office exclusives or marketing to private networks. It does: Promote ethics, fair competition and is good for the consumer.
All NEXUS members now have access to a free subscription to Inman Select through NEXUS Association of REALTORS® and Bright MLS. Get industry breaking news, trends and business building tips – a $199/year value.
Know what’s happening in your local market – in single family homes, townhome/condo and adult living communities.
Show consumers that you are a step above when you complete NAR’s C2EX program. See where you are today with a self-guided assessment, then complete a customized training path. You’ll build new competencies that give you more confidence and credibility with clients.
Workshops coming soon to both NEXUS locations!
Get industry and market trends, updates on local development; view event photos, and connect to other members no matter what platform you prefer.
As of 10/1/18, the fee for a Continued Certificate of Occupancy is $100. Any applications that are received that do not have the proper fee amount cannot be processed. COO applications and payments can be made online at: www.cherryhillportal.com
NAR® Board of Directors have given associations new teeth for enforcing Code of Ethics violations.
Under changes to the NAR® Code of Ethics and Arbitration Manual, local associations that choose to adopt the policy can publicize the names of members and the nature of their violations after a second violation of the Code of Ethics. They can also release a photograph of the member as part of that public disclosure.
Also, there are changes to how the listing broker or agent responds to an offer. View pdf NAR ethics enforcement may 19 2018 (51 KB) for all of the details.