The Green Sheet | Friday, June 19, 2020
Weekly Headlines
May 2020 Greenwich Market Statistics
Market Stats Reports (Sales, New Listings, DOM, and more going back to 2013)
Press Release (Feel free to share with your networks using the social sharing icons)

Payroll Protection Program (PPP) Application Deadline is 6/30
Congress passed and the President signed the PPP Flexibility Act giving borrowers more options on how they can use their loan. The PPP Flexibility Act extends the window to use the funds until the end of the year, lowers the required amount to be used on payroll so it can be used for items like rent and extends the time allocation to be eligible for loan forgiveness. Small Business Administration lenders are still accepting PPP applications through June 30. More details on the application process and forgiveness guidance is available through

Short Term Rentals/Lodging allowed again as of 6/17
CT entered Phase 2 of reopening on June 17th, which includes hotels and lodging, and more specifically lifts the previous restriction of short term/vacation rentals under 31 days. More information on the Sector Rules and Certification for Reopen is available via

Conveyance Tax Increase for Residential Sales over $2.5 Million Effective 7/1
On June 26, 2019, Governor Ned Lamont approved the budget passed by the Connecticut State Legislature. This new budget increased the conveyance tax on residential real estate sales where the sales price is more than $2.5 million. The new tax rate, which takes effect on July 1, 2020, is as follows: (1) 0.75% on the first $800,000 of the sales price plus (2) 1.25% on the portion of the sales price between $800,000 and $2.5 million plus (3) 2.25% on the portion of the sales price greater than $2.5 million. More detail on the increase, and tax credits available to impacted sellers who remain residents of CT will be available from the DRS soon.

NAR Implicit Bias Training for REALTOR® Members
As part of its commitment to addressing racial injustice in America, the National Association of Realtors® has begun circulating a new 50-minute implicit bias training video to its members and association staff. Partnering with the New York-based Perception Institute, NAR’s online video draws upon recent research to illustrate how the human brain’s automatic, instant association of stereotypes with particular groups can cause people to treat those who are different from them unfairly. Scientific evidence also suggests these biases persist despite people’s best intentions and often without conscious awareness.
Upcoming Events
NAR Safety Webinar: Beverly & Beyond - The Best Tips Since Losing My Sweet Mom
Tuesday, 6/23 - 2PM Register Now

Virtual Presentation: Actionable Solutions to Sell More Oil-Heated Listings
Friday, 6/26 - 10AM Register Now

More to come soon! Check out our past events recordings and upcoming FlexMLS Webinars in the meantime.
GMLS Subscription Renewals Due by August 15th
The GMLS Subscription and RETS renewal orders for June through December 2020 are available in your account online . Invoices have been emailed. Due to COVID 19, the payment deadline has been extended to August 15th.

CTR Accepting Officer Applications
If you are interested in serving on the Connecticut REALTORS® Executive Committee for 2021, the deadline to submit an  application form  is July 8. Visit the CTREALTORS website  for more info and requirements for application.

Member Resources & Updates presents 5 in 5 (6/15)
GAR Member & GMLS Subscriber Updates

Meg Allen Rodriguez, Berkshire Hathaway NE Properties, Greenwich (M)
Deidre McGovern, William Raveis Real Estate, Greenwich (M)
Bruna Naspolini, Keller Williams NY Realty (M)

Jolie Johnson, from Coldwell Banker Resid Brokerage, Greenwich to Halstead Real Estate, Greenwich (RA)