United Real Estate’s President Rick Hasse has sent this information to help your business.
I am going to help you track any losses due to the CV-19.
We are not sure what the end looks like, however we want to be prepared.
We will keep your files for you.
There are 2 tabs “lost listings” and “lost pending sales”. Please fill out the appropriate tab.
Just us the line that is empty. We will a total company record.
Below is a link to spreadsheet so that you can keep track of any listings that come off the market, sales that do not close, or operating expense increases that have occurred as a result of the CV-19 situation.
List the gross commission revenue lost on listing that would have sold, sales that did not close, list Agents past 12 month historic GCI and transaction count and last list any additional expense that you incur which is CV-19 related.
Don’t worry about total accuracy at this point. All you are doing is making a record for future use if compensation becomes available to your company down the road.
Bright has relaxed some of its policies to help accommodate your needs during this time.
Coronavirus Advocacy FAQs: RE Transactions, Independent Contractors, NAR Grants
NAR’s Federal Advocacy team has been working closely with Congress and the Administration to ensure the interests of REALTORS® and their clients are protected in any federal action in response to COVID-19, in addition to minimizing transaction disruptions during these very difficult circumstances. As the actions out of Washington evolve daily, below are a number of Q&As to address the ongoing fixes being proposed and implemented in response to the pandemic.
Congress has now passed three stimulus/relief packages dealing with COVID-19. We have incorporated the provisions of those bills into this document. The Administration is providing more relief by the day. We will update this document as events warrant.
Are REALTORS® eligible for unemployment?
Yes. Real estate professionals will be eligible to apply for unemployment benefits, under the new “Pandemic Unemployment Assistance” temporary Federal-state program if they have been fully or partially unemployed due to an inability to work as a result of the COVID-19 public health emergency. This includes self-employed individuals and independent contractors. The CARES Act provides an additional $600 per week (for up to four months) on top of the amount provided under a state’s compensation law through December 31, 2020. Typically, states base compensation amounts on an individual’s wages from theirmost recent tax year, and net income from all self-employment that was reported on an individual’s tax return. However, if an individual is eligible to telework with pay, or has paid sick leave or expanded family and medical leave, they are not eligible for unemployment assistance. These new benefits will be carried out through agreements between each state and the federal government, where states will be fully reimbursed for the compensation paid out, plus administrative costs. Therefore, individuals should check with their state labor department or employment commission to determine their options for unemployment. For individual state and local labor services, including claims filing, see here.
Welcome, Louise Stone!
On behalf of United Real Estate Premier, we would like to welcome Louise to our team! Some quick facts about Louise:
Before joining our team, Louise worked at Century 21 New Millennium.