Good Morning -
Last Week of April 13 - 17 in Review & More
Last week's Wednesday Member Town Hall with Deputy Chief Economist Jordan was well received. You can access the slide presentation and other analytics by logging on to
or click on the front page reel or click on Members/Statistics.
Be sure and join us this Wednesday at 8:30 for our Member Town Hall Meeting.
C.A.R. Spring Business Meetings
C.A.R. Business Meetings scheduled for Sacramento will be held virtually April 27- May 1 d
ue to the unprecedented public health crisis presented by the COVID-19 pandemic.
For more information, please view the schedule
Please note: the date and time of meetings is tentative and subject to change, and some meetings are closed or by invitation only.
C.A.R. had a great session on Friday; Legal counsel shared
hree (3) new forms released this past week, including: 1)
(Coronavirus Lease/Rental Addendum or Amendment) can be attached to a lease agreement at the time of formation or can be added as an amendment after the lease has been accepted, if both parties agree. Its terms are intended to be used when the Tenant/Lessee has not yet taken possession; 2)
(Notice of Unforeseen Lease/Rental Coronavirus Circumstance) is the notice form to be used when the CVA-LR is part of the lease agreement and one party has an unforeseen circumstance that impacts the ability to perform under the purchase agreement, or it may be provided for informational purposes only; and 3)
(Coronavirus Lease/Rental Property Entry Advisory and Declaration) is used for any visitor who is entering a property with a tenant or occupant, or when it is related to property management. These new forms are now available in zipForm® and can also be accessed here:
In addition, this
s a great resource that lists all nine forms released relating to the current COVID-19 situation.
Pandemic Unemployment Assistance (PUA): the EDD will begin taking online PUA applications on April 28, 2020. In order to provide benefits as quickly as possible following that date, the EDD announced that payments will be issued in phases. Initially, benefit payments will be the minimum amounts ($167 per week of eligibility, plus the $600 additional payment for certain weeks, as outlined on the FAQ webpage). The EDD will work to develop income verification procedures to determine if individuals are eligible for higher payments, which would apply retroactively to the first date of eligibility. We will update this information with any income verification procedures and timing when the EDD makes it available. You can find
more information here
[updated on April 17].
Update on Relief
Small Business Administration (SBA) Loans: SBA announced this past week that it is unable to accept new applications at this time for the Paycheck Protection Program or the Economic Injury Disaster Loan (EIDL)-COVID-19 related assistance program (including EIDL Advances) based on available appropriations funding. Congress is likely to replenish these programs as part of the next stimulus package, and C.A.R. has
written to Congress
equesting that funding be increased for the PPP program as soon as possible. C.A.R. will continue to keep you updated as soon as we have new information. You can
ind more information on the SBA loan programs here
[updated on April 10]
Upcoming Education offered the Week of April 20th -
Please check the
webinar page on C.A.R.'s microsite
for all recorded and upcoming webinars relating to COVID-19 (note: this week’s webinars should be posted this morning).
NCAOR is offering a great informative Cloud CMA Class originally scheduled as a lunch N Learn and now offered FREE for our members virtually, Click Here to Register.
NAR is offering two free courses that lead to REALTOR Designations/Certifications: 1) Pricing Strategies
and 2) ePRO Certification Course.
for more information.
Have a great week, keep in touch and take advantage of these great member benefits to assist you with your business.