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SEBAR Legal News Update featuring News that's Relevant to YOUR Business!


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Congress Grants PPP Extension,
Paycheck Protection Program Still Available!
 
In a surprise move on Wednesday, July 1st, the U.S. Congress cleared legislation extending the Paycheck Protection Program (PPP), popular with REALTORS ® , through August 8.
 
The measure now goes to President Trump, who is expected to sign it.
 
Created by the CARES Act in March, PPP offers forgivable loans for small businesses to pay expenses and keep workers on the payroll. Loans are also available to independent contractors. Although the program quickly ran out of money, it was injected with new funding a month later. The application period for the program ended on Tuesday with $130 billion still unallocated.
 
“This extension is great news. Congress heard our concerns that small businesses still need help, and this program should remain available as long as there are funds,” says Shannon McGahn, senior vice president of government affairs at NAR. “We have been working with lawmakers to make both the application and forgiveness process easier, and we are helping our members through both with guides and instructional videos .”
 
Just last week, a new shorter EZ application loan forgiveness form was released by the Small Business Administration, and full forgiveness was granted to independent contractors and sole proprietors who meet certain guidelines.
 
NAR has also called on Congress to automatically forgive all loans under $150,000.
 
“Congress is expected to pass a new Coronavirus relief bill by the end of July. McGhan says. “Negotiations really heated up this week on what form it will take as the pandemic continues to evolve. Small business aid will be restructured and live on in some form, and NAR is working with Congress to make sure the self-employed and independent contractors are included,” she continues. “It’s critical the real estate industry stays strong and continues to lead our national recovery.”
 
To-date the PPP has paid out more than a half-trillion dollars to around five million businesses.

Resources:
·          SBA Cares Act FAQs
·          All NAR Coronavirus Resources
Source: National Association of REALTORS® (NAR)
IMPORTANT UPDATE
LARA to Pause License Processing for
3 Weeks Beginning August 3rd
 
The Michigan Department of Licensing and Regulatory Affairs (LARA) has updated their timeline for the change-over for real estate licensees to their new MIPLUS database. The conversion will now begin on August 3rd, NOT July 6th . This switch will end the use of the current database that the Department has been using for the last 20 years. It also means that LARA will not be able to process real estate licenses applications between August 3rd and August 25th, 2020.

This pause in licensing will affect any new applications for real estate brokers and salespersons and require license transfers to utilize the paper application process.
Individuals will still be able to take the pre-licensing exam and apply for a broker’s license between August 3rd and 25th. All applicants will have to wait to perform any licensed duties until after the process is completed and their license is issued (which may be a few days after August 25th).

During this time brokers will still be able to onboard new salespersons, but salespersons will be limited to duties that do not require a license. Applicants for a new broker’s license will have to wait to perform duties until their application is approved. For license transfers, we recommend the use of the paper application so the licensee can continue to work under their new broker for the allowed 45 day grace period.

Real estate licensees are part of the second wave of Michigan licenses being switched over to the state’s new database. Transition to the new MIPLUS system makes improvements for real estate licensees by providing more services on-line. Licensees will be able to apply and track their license approvals, modify existing license information, file complaints, and receive electronic communications from the Department.

For more information on the move to the new MIPLUS database, please see LARA’s Updated FAQ:









As a Reminder...

Although Real Estate Restrictions have been Lifted PPE REQUIREMENTS are still mandatory

Brian Westrin, Esq., MR General Counsel, examines legal best practices for Sellers, Open House Protocol, Showings of Tenant Occupied Properties & much more to help navigate you through COVID-19. Click HERE to view this informative 7 minute video.
  Source: Michigan REALTORS® (MR)

RPAC Announces 2020 Primary Election Candidate Endorsements

RPAC has announced our endorsed candidates for Michigan’s August 4th, 2020 primary election for both the state and federal levels. 
 
Throughout the past couple months, candidates went through an extensive interview process hosted by local Realtor® associations to discuss important real estate issues and the core values of private property rights, homeownership, and commercial investment, to earn the RPAC endorsement. All endorsements were reviewed by the Michigan Realtors® RPAC Trustees. Federal Candidates earned the backing of the National Association of Realtors® Political Action Committee.

Southeastern Border’s primary election recommendation of endorsing incumbents Tyrone Carter, Alex Garza, Cara Clemente, Joe Bellino, and Darrin Camilleri were approved. Also, SEBAR's decision to wait for HD 13 and endorse TC Clements for HD 56 was approved.
 
“All of these candidates strive to preserve the dream of homeownership and recognize the importance of real estate in Michigan’s economy” says Meagan Luce, 2020 Michigan Realtors® RPAC Trustees Chair. 

For a complete list of all endorsed candidates as well as election resources, please click here .
Source: Michigan REALTORS® (MR)

Members of the Monroe Legislative Committee had lunch on Monday, 6/29 with SEBAR endorsed 56th District Michigan House of Representative Candidate TC Clements.
NATIONAL ASSOCIATION OF REALTORS ®
Coexisting with COVID-19

2020 NAR President Elect, Charlie Oppler shares tips for keeping COVID-19 Safety Precautions top of mind in your business strategy.

Click HERE to view his 3 minute video.
Source: National Association of REALTORS® (NAR)
SEBAR's Realtor® Store has you "covered" !!

PPE can be purchased at both SEBAR offices
with curbside pick-up
Vinyl Gloves, Box of 100 for $12.00+tax sizes M & XL.
Face Masks $3.00+tax each.
Shoe Covers, Package of 10 pair for $4.00+tax.


Are you looking for a COVID-19 Checklist to Prepare & Protect you & your clients?
Please click HERE for a printer friendly copy

Source: Southeastern Border Association of REALTORS® (SEBAR)
Thank you to our 2020 SEBAR Affiliate Partners ...

  Diamond Partners
Michigan Title Insurance Agency, Inc.
Rick Smith, Adam Drobet, Julie Wery
Pillar to Post
Steven Peterson

  Ruby Partners
First American Title Company
Frank Lucarelli, Angie McNeely
First Merchants Bank
Nicole Dandron, Nicholas Dunford, Aaron Mason, Howard Roberts, Susan Roppel
Simple Mortgage
Dawn McCarty
 
Gold Partners
Accuspect Home Inspection Company
Dale Raines
Armor Home Inspection LLC
Daryl Kowalski
Capital Mortgage Funding
Julie Sammons
First National Home Mortgage
Mary Katsiroubas
Hondros College
Kevin Pasch
Insideout Inspections Plus
Lori Pavlika


  Silver Partners
2-10 Home Buyers Warranty
Mark Light
America's Preferred Home Warranty
Tyler James
DFCU Financial
Nick Karaboyas
Downriver Profile
Robbin Moyer
Farm Bureau Insurance ® - Robert J. Roll Agency
Robert Roll
Greenstone Farm Credit Services
Brian Young
Hassett Title Company
Chris Cosby, Jennifer Fountain, Dan Hassett, Doug Hassett, William Hassett
Land Home Financial Services
Bob Schivelbein, Edward Tilk
Lawyers Title of Monroe
Goran Cepo, Ann Hammack, Kendan Myers
Mortgage 1
Walter Tyslicki
Nations Lending
Tom Ciotti
Seagate Inspections Inc.
Jim Johnson
State Bank
John Ansara
TLC Community Credit Union
Sean Armstrong, Kristina Frank, Alycia Nichols
Today Magazines
Gina Guarisco
Trenton Trib
Beth Imes
Turn Key Title Agency LLC
Samuel Cummings
Union Home Mortgage
Kristian Bezeau, Jacob Boes, David Gano, Tom Ziegler
University Lending
Dan Voran, Michael Van Dusen, Donna Ferguson

We are grateful for your continued support of SEBAR!

Southeastern Border Association of REALTORS®
Shannon Harner, RCE, e-PRO, CEO/Association Executive
Donna Birkner, e-PRO, Downriver Office Manager
Lisa Horvath, e-PRO, MLS Specialist
Jessica Lapp, Membership & Administrative Manager

Monroe County Office
125 Cole Road
Monroe, MI 48162
734-242-6866

Downriver Office
Horizon Business Center West
20600 Eureka Road, Suite 510
Taylor, MI 48180
734-287-8060

Both Offices are Open Monday - Friday / 8:30 am to 4:30 pm
by appointment only at this time