Dear MCAR member,
 
Thank you for your many calls and messages asking how to conduct business in compliance with health department rules. Your diligence and individual accountability to keeping our clients and colleagues safe are important parts of our status as essential businesses. Please read the latest update from MLS Listings on the Clear Cooperation Policy which has gone into effect in addition to information from C.A.R. regarding SBA loan programs. Register to join us for MCAR's upcoming Legal Update, and see the update and short guide video from MLSListings on searching for virtual open houses.
 
Thank you, 

Kevin
Dear Realtor®,

On April 15, 2020, the MLSListings Board of Directors adopted the California Association of REALTORS® (C.A.R.) model rule changes to implement the National Association of REALTORS® (NAR)-mandated MLS policy changes known as "Clear Cooperation" (i.e., Policy Statement 8). 
 
Clear Cooperation Policy (CCP) rule enforcement begins on May 1, 2020.
 
We've developed a number of information sources to help you understand the CCP: 
Additionally, our Director of Compliance, Robert Bustamante, will provide an overview and answer your questions about CCP on our MLSListings Live webcast this Thursday, April 30, at 1:00 pm.
 
 
To join the MLSListings Live webcast,  click this link  on Thursday, April 30 at 1:00 pm:
 
 
In the meantime, if you have any questions about CCP, please feel free to contact the MLSListings Compliance department at 408-874-0200 (option #5) or via email at  compliance@mlslistings.com .

President Trump has signed into law an interim spending bill allocating additional funds for emergency aid programs for small businesses. Many REALTORS® are eligible for these aid programs.
 
Specifically, the law allocates:
$310 billion for the Paycheck Protection Program (PPP), which provides forgivable loans to small businesses, including REALTORS®. Of this allocation, $60 billion has been set aside for community banks, credit unions, and community development financial institutions, which can better serve smaller businesses and minority-owned firms, organizations that are less likely to have an existing relationship with a larger bank.
$60 billion for the Economic Injury Disaster Loan (EIDL) program, to provide $50 billion in loans and $10 billion in emergency grants to small businesses, including REALTORS®.
$25 billion for coronavirus testing and $75 billion for hospitals.
Both the PPP and EIDL programs will proceed with the same eligibility criteria and application processes as they did prior to running out of funding last Thursday, April 16. These funds are expected to be expended very quickly.

The SBA will make additional coronavirus-related financial assistance available to small businesses beginning on Monday.
 
For more information on these and other financial relief programs, see the  REALTOR® Relief  page on C.A.R.’s  coronavirus microsite .