OFFSITE UPDATE-   As a precautionary step in response to COVID-19, SBAOR staff will be working from home effective immediately. The Association office building will be closed, but we are still here for you by phone or email. We have the capabilities to receive our office emails and office phone lines at offsite locations to support your needs. At this time, we are scheduling the closure through the end of March. We will update as things progress. Be safe and follow https://publichealthsbc.org/blog/ for more information.

COVID-19 in our industry



March 27, 2020 Friday Update

  • Congress Passes 2 Trillion Stimulus Plan
  • Tools for COVID-19
  • What the $2T Stimulus Package Means for You

 

Updated Moratorium Information

MLS Response to COVID-19

 

March 26, 2020 Thursday Update

  • Senate Passes $2 Trillion Aid Package
  • Property Tax & Income Tax Payments
  • Coronavirus Links

 

March 25, 2020 Wednesday Update

  • Virtual Open Houses & Tour of Homes Now Available
  • How C.A.R. is actively focused on helping members:
  • Coronavirus Links

 

March 24, 2020 Tuesday Update

  • NAR Coronavirus Advocacy FAQ
  • C.A.R. California Coronavirus Newsletter
  • FHFA, Fannie & Freddie Allow for Appraisal Alternatives
  • FHFA Moves to Provide Eviction Suspension Relief for Renters in Multifamily Properties
  • Coronavirus Links 

 

March 20, 2020 SBAOR Friday Update

  • Open Houses Disabled in Flexmls
    • Letter from SBAOR President Staci Caplan
  • Governor Issues Stay-At-Home Order
  • SBA Offering Small Business Loans
  • NAR Working on Relief
  • Coronavirus links

 

March 19, 2020

CAR  website for Coronavirus (COVID-19) updates

  • Coronavirus Updates
  • Overview
  • Coronavirus Weekly Recap
  • Your Transactions
  • Meetings & Events
  • FAQs
  • Talking Points
  • Best Practices
  • For the Media
  • Glossary
  • Resources
  • Webinars

 

March 18, 2020 

  • COVID-19 Guide for Open Houses and Showings- Joel Singer California Association of Realtors®
    • "At C.A.R., we are trying to keep REALTORS informed about how COVID-19 impacts you and your clients. Our biggest priority is making sure you are taking every precaution to ensure the safety of yourself and your loved ones. Know that the decision to host an open house remains at the discretion of you and your seller. In addition, local government and health authorities may alter what is permissible in a given area at a given time."
  • THE CITY OF GOLETA MORATORIUM, CALIFORNIA CONFIRMING THE EXISTENCE OF A LOCAL EMERGENCY WITH ATTENDANT ORDERS
  • Message from NAR President Vince Malta

 

March 17, 2020

  • C.A.R. just released NEW Coronavirus Addendum
    • We know many of you are in the middle of, or about to enter into transactions that may be affected by the coronavirus situation. In response to this unprecedented crisis, we are pleased to inform you that C.A.R. has just released a new form called the Coronavirus Addendum/Amendment (Form CVA). It will be in zipForm® tomorrow but in the meantime you can download it here and use it in your transactions. The form provides that when circumstances related to the coronavirus are affecting the closing date, the Buyer and Seller agree to extend escrow for a default of 30 days. There is also an optional clause where the buyer and seller can mutually agree to cancel the Agreement and an additional optional clause where the buyer or seller can cancel even after removing the loan contingency if inability to fund is caused by Covid-19 related loss of income.
      This form can be used either as an amendment to a contract that is already in place or as an addendum to a contract that has not yet been formed.

    • (View additional webinars, video libraries, publications and podcasts by following this link: https://www.car.org/knowledge/multimedialibrary)

 

March 16, 2020

  • A  Message from SBAOR President Staci Caplan
  • Economic and Market Update; Market Minute - Jordan Levine California Association of Realtors® (Allow a moment for file to load;)
    • Good Afternoon,

       The markets continue to face significant turbulence and forecasts have been downgraded across the board as shelter in place rules have sprung up across the state. The updated outlook is for ongoing difficulties in the economy to continue through the second quarter and into the third quarter—particularly in light of the weak retail sales figures released today since consumption has accounted for virtually all of our economic growth of late. That being said, the backward-looking indicators released recently shows that the economy was still in relatively decent shape as the outbreak began to ramp up in earnest. Hang in there and let us know how C.A.R. can help!

  • NAR -A Guide for Realtors®-In response to the growing concerns about COVID-19, commonly referred to as coronavirus, NAR is providing this guidance to help REALTOR® associations respond to the coronavirus's impact on the real estate industry. (Sent out in SBAOR newsletter)

 

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