The Green Sheet | Friday, July 10, 2020
Weekly Headlines
New Town of Greenwich Mill Rates Effective as of 7/1
As of Wednesday, July 1st, the Mill Rates for the Town of Greenwich are as follows:
  • Sewer: 12.02
  • Septic: 11.59
This information has been posted within the GAR/GMLS Resources for reference. The rates will be automatically updated in FlexMLS for existing listings in all areas of Greenwich. Changes to mill rates for out-of-town listings will need to be manually updated by the listing agent.


CTR Foundation Announces 2020 Raymond F. Gates, Jr. Memorial Scholarship Winners
The Raymond F. Gates, Jr. Memorial Scholarship Fund was established in 1976 in memory of Raymond F. Gates, Jr. following his tragic death in an automobile accident. Mr. Gates was the EVP of the Connecticut REALTORS®. Over the past 44 years, children of REALTORS® have been awarded scholarships totaling more than $1,000,000. For the 2019-2020 academic year, the Connecticut REALTORS® Foundation received 121 eligible applications. This year, 45 outstanding children of CT REALTORS® were selected to receive a total of $45,000 in scholarships.  The Greenwich Association of REALTORS® is proud to announce two local recipients were among the 45 selected.


New State Housing Assistance Programs, More on Evictions and Use of Security Deposits
Check out this short video from CTR.tv related to newly announced housing assistance programs, eviction extensions and use of one month's security deposits (when more than one month is held) to cover unpaid rents (note: may require repayment).


Conveyance Tax Increase for Residential Sales over $2.5 Million in Effect as of 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 information is available on the DRS website.


Guidance on Resuming In-Person Public Open Houses and Broker Tours
As of Thursday, June 25th, the ability to schedule in-person Broker Tours and Public Open Houses was re-enabled in the Greenwich MLS system. Public Open houses may resume this weekend starting Saturday, June 27th, and Broker Tours will begin Tuesday, June 30th, and Thursday, July 2nd. The GAR/GMLS Board of Directors strongly urges members to adhere to all safety recommendations, guidance, and policies from your Broker/Head of Office, the CDC, State of CT, Connecticut Association of REALTORS®, and National Association of REALTORS. Specific guidance for protocol pre-, during, and post- in-person showings is available in The Point.
Upcoming Events
Reminders
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.



Using the 'Coming Soon-No Showings' Status
As of 5/1, listings of all property types are able to be entered into the GMLS system under a 'Coming Soon' status, which indicates that the property will be coming to market soon, but is not yet available to be shown. This status can be particularly helpful while final maintenance and/or staging is completed. Please note that in the Greenwich MLS, listings may only be 'Coming Soon' for up to 7 days. (This may differ from other local MLSs. Subscriber listings for properties in Greenwich must comply with Greenwich MLS policy.) When the start showing date is set, it cannot be shortened. If the initial Start Showing Date is set for less than 7 days from the list date, it may be extended up to 7 days from the list date.


Sign Up to Receive Text/Voice Message Alerts from CTR
Opt-in today to receive breaking news updates from the Connecticut Association of REALTORS® on issues and events affecting your business.


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
CTR.tv 5 in 5 7/6/2020
GAR Member & GMLS Subscriber Updates

New:
Ron Brien, Law office of Ronald Brien LLC (Affiliate)
Marie Barker, Keller Williams Prestige Properties, Stamford (M)
Elizabeth Shay, Compass Connecticut LLC (M)

Reinstate:
James Alfredo, Nest Seekers International (M)

Transfer:
Christine Georgopulo, from Greenwich Great Estates LLC to Nest Seekers International (R)
Sue Chang, from Coldwell Banker Resid Brokerage, Greenwich to William Raveis Real Estate, Greenwich (RA)
Matthew Podskoch, from Global Real Estate Network LLC to Coldwell Banker Resid Brokerage, Greenwich (R)
Janet Milligan, from William Raveis Real Estate, Greenwich to Sotheby's Int'l Realty (RA)

Firm Name Changed:
Greenwich CT Luxury Real Estate is now Nest Seekers International
Address and phone: same