KBOR: CORONAVIRUS UPDATES
A Guide for REALTORS®
CORONAVIRUS UPDATE & GUIDANCE FOR REALTORS®
While the coronavirus is still a concern across the country and state, KBOR would like to assure members that we are prepared and are closely monitoring the situation. It is our intention to continue to serve our members. In order to do that, our team has a plan in place to ensure the needs of our members can be met. As the health and safety of our members and staff is our top concern, we ask that anyone exhibiting flu-like symptoms, has known exposure to the virus or traveled outside the country in the past 14 days to conduct business remotely.
ALL THE LATEST FROM NAR, IAR AND KBOR:
(May 19, 2020)
New Update from Treasury on PPP loan program – Forgiveness documents
The Treasury Department and the SBA have released the documents that PPP loan borrowers will need to fill out and provide to their lenders when applying for forgiveness. They can be found here. Of the four documents posted, all borrowers will need to fill out and provide their lenders with two of them: the PPP Loan Forgiveness Calculation Form and the PPP Schedule A. The documents include detailed instructions for borrowers to use, delineate the eligible payroll and non-payroll expenses the loans can be used for, and walk borrowers through step-by-step how to calculate their forgiveness/show that they have met the program’s requirements.
NAR has also updated the SBA FAQs to reflect the new information, here. We expect further guidance from the Treasury and SBA on forgiveness, but these documents provide an important first-step for borrowers to use. We encourage NAR members who have received PPP loans to reach out to their lenders to ask about any additional documentation/records they will need.
NATIONAL ASSOCIATION OF REALTORS®:
Resources and Updates
The coronavirus pandemic continues to impact the real estate industry. Our members’ success and ability to navigate these uncertain times are paramount to NAR, and we are providing this guidance to help address some of the common transactional issues we are hearing about.
INDIANA ASSOCIATION OF REALTORS®:
Resources and Updates
IAR is aware of the issues that continue to impact members since the virus COVID-19 arrived in Indiana. In consultation with Managing Brokers from our state, as well as NAR and outside counsel, here are some things they want you to know and are here to support you and see you through this crisis.
KOSCIUSKO BOARD OF REALTORS®:
Resources and Updates
While the coronavirus is still a concern across the country and state, KBOR would like to assure members that we are prepared and are closely monitoring the situation. We are keeping our website, MLS Homepage and Social Media pages updated as much as possible.
As this information is evolving, we recommend that you stay up-to-date by visiting the websites below:
Centers for Disease Control
CDC is one of the major operating components of the Department of Health and Human Services.
Global efforts at this time are focused concurrently on lessening the spread and impact of this virus. The federal government is working closely with state, local, tribal, and territorial partners to respond to this public health threat.
World Health Organization
WHO’s primary role is to direct international health within the United Nations’ system and to lead partners in global health responses.
WHO is continuously monitoring and responding to this outbreak. Their website will be updated as more is known about COVID-19, how it spreads and how it is affecting people worldwide.
Finally, stay informed and use your best judgment.
Please focus on putting policies and procedures in place to keep your employees and/or associates informed and safe.
