Dear MCAR member,
I am excited to share the latest broker insights and member resources, these are worth clicking through to make sure you are not missing out. Please also read the recent announcement from MLS Listings Inc. regarding Coming Soon listings.
Kevin
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Special Report
How to Complete the PPP Loan Forgiveness Application
On June 17, the U.S. Small Business Administration (SBA) published a revised, borrower-friendly Paycheck Protection Program (PPP) loan forgiveness application implementing the PPP Flexibility Act.
Next Wednesday, June 24, at 2 pm, C.A.R. Associate Counsel Brian Polinsky and C.A.R. Assistant General Counsel Brian Manson will host a step-by-step instruction webinar explaining how to complete the new PPP loan forgiveness application and will answer any questions that you may have about the loan forgiveness process.
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How to Keep Business Moving During Uncertain Times: Top Producers Share Their Stories
The coronavirus outbreak has caused many buyers and sellers to reconsider whether now is the time to make a move, but those agents who have put the right strategies in place have maintained momentum through the disruption. Watch some of California’s top-producing REALTORS® as they share how they have been able to safely and successfully close transactions during the pandemic.
Panelists:
Ivan Estrada, Douglas Elliman Real Estate
Marty Rodriguez, Century 21
Stephanie Vitacco, Keller Williams Realty
Ron Wynn, Compass
Moderator:
Joel Singer, C.A.R.
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Call for Submissions: REALTOR®' Good Work Stories
In light of everything happening in the world and in our communities with social justice and the pandemic, we could all use some positivity. To that end, C.A.R. would like to highlight all the good REALTORS® are doing in their communities during this time of crisis. If you have any stories to share – whether it’s something your brokerage, your agent or even you personally are doing to help your community – please email them to Tyler Kelch at
tylerk@car.org
This is an opportunity to show the public and our membership just how committed REALTORS® are to improving the communities in which they live and work.
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New Member Toolkit
Streamline your onboarding process with C.A.R.’s New Member Toolkit! Being the new kid on the block is not easy, so we’ve built this booklet to help new agents kickstart their REALTOR® journeys.
Help agents navigate their C.A.R. member benefits with tailored tools, best practices and services to build a business plan for success. Click on the interactive icons to open up videos, reports, and product pages on
car.org
. Make sure to log in to your
car.org
account to access all the linked items in the guide.
Know a REALTOR® that can benefit from this booklet? Share this with them:
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New Name for zipForm® Plus! Lone Wolf Transactions - zipForm Edition
zipForm® Plus is getting a new name starting July 1! zipForm® Plus and zipTMS® will now be called Lone Wolf Transactions – zipForm Edition. Rest assured, the functionality of the program will not be changing. The features you know and depend on will remain the same, including MLS-Connect, zipForm® Mobile, and zipVault® and more. Lone Wolf Transactions – zipForm Edition will remain a member benefit for all C.A.R. members, and you will continue to access it the way you always do, at
car.org
or through your brokerage. As we start to move to this new name over the next few weeks, please contact us at
zipformteam@car.org
with any questions.
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Latest Market Statistics
May 2020 Housing Market Update
- Existing, single-family home sales totaled 238,740 in May on a seasonally adjusted annualized rate, down 13.9 percent from April and down 41.4 percent from May 2019.
- May's statewide median home price was $588,070, down 3.0 percent from April and down 3.7 percent from May 2019.
- The statewide Unsold Inventory Index was 4.3 months in May, up 26.9 percent from April and up 34.4 percent from May 2019.
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Resources for Members
COVID-19 Relief Hotline: 213-351-8450
Legal Hotline: 213-739-8282
Transaction Rescue Hotline: 213-739-8383
Ombudsman Hotline: 213-739-7227
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In response to direct user feedback and the needs of the MLS community, the MLSListings Board of Directors has extended the time limit on Coming Soon listings from 30 days to the term of the listing agreement.
Going forward, listings will remain in Coming Soon until either:
a) the expiration date of the listing agreement is reached, or
b) the listing agent changes the status of the listing
If you have questions about this time extension for Coming Soon, please contact our Compliance department at 408-874-0200 (option 5), or
compliance@mlslistings.com
.
Thank you,
MLSListings Inc.
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