CLICK HERE for a message from NWAR President Jon Long and GNMLS President Jackie Leonhard.
CLICK HERE for a video message from NAR President Vince Malta.

We recommend NWAR/GNMLS Members bookmark this page and join our Member Facebook Group where we will share updates regularly.

UPDATES:

3/24: CLICK HERE to read the Governor's EO regarding the closure of all non-essential businesses. Section U on page 13 includes real estate as an essential services while advising that such services shall avoid meeting in person to the greatest extent possible.
WRA Announcement & Resources here: https://www.wra.org/covid19/

3/25: CLICK HERE for WRA "FAQs about Real Estate and Emergency Order #12 Safer at Home"
CLICK HERE for a WRA letter you can print & carry that identifies real estate professionals as "essential business" (in case you're asked)

3/27: The Department of Labor has a new poster out that employers should post (or email) regarding the Families First Coronavirus Response Act. CLICK HERE for more details, click here for the poster or click here for FAQs.
NAR released a page titled "Coronavirus Aid, Relief, and Economic Security Act: Provisions for REALTORS® and Their Consumers"

3/31: View "Paycheck Protection Program FAQs for Small Businesses" with information about how business of < 500 employees can apply for up to 250% of average monthly payroll expenses. This loan is forgivable up to the sum of payroll expenses, mortgages, rent, leases and utilities after 8 weeks as long as the company retains employees at their current base pay. Visit https://www.sba.gov/funding-programs/loans/paycheck-protection-program to learn more about the program and eligibility.

4/1: NAR released an Advocacy FAQ detailing NAR's efforts to protect the interests of REALTORS and their clients in any federal action on COVID-19.

4/2: See NAR SBA CARES Act FAQs for small business relief and HUD CARES Act Mortgage Relief for FHA homeowners for mortgage payment assistance.
NAR is offering 2 months of free telehealth to Members who register by 4/15.

4/3: Unemployment Assistance CARES Act FAQs
Noon 4/3 Broker-to-Broker webinar on SBA loans, unemployment insurance & business adjustments.
WRA CARES Act FAQs
WRA released a revised Addendum CV

4/6: NAR SBA CARES Act FAQs
NAR Mortgage & Personal Finance FAQs

4/7: NAR Leadership Live video (recorded 4/8): NAR officers and policy experts share business-critical updates.
GNMLS Showings During COVID-19K advice from MLS Coordinator Lon Fisk.

4/8: US Treasury CARES Act Assistance for Small Businesses - includes rules, forms, FAQs & more.

4/9: Added "RealtyServer Live Tour Tip Sheet" and "SentriLock Best Practices for Using a SentriLock LB During COVID-19" to our "Showings During COVID-19" newswire article.

4/10: WRA Revised Coronavirus (COVID-19): Showings and Inspections Safety Commitment (Form CVSI) & Reminder re: 4/3 Revised Addendum CV

4/15: WRA is hosting a special Legal Update Live Webcast tomorrow 4/16 at 2pm (registration required). Topics include new forms, federal/state legislation, stimulus loan programs, unemployment insurance and new regulations as well as a Q&A session.
There is also a new Covid-19 Commercial Addendum available that offers a more open-ended approach to extensions, delays and terminations due to COVID-19
.

4/16: AB1038/SB932 "COVID-19 Response Package" was signed into law yesterday by Governor Evers. Visit this WisBusiness.com link for a summary of the changes.
Governor Evers also extended the Safer at Home order to Tuesday May 26 - click here for the press release.

4/24: The Senate & House approved $310B more for PPP and $60B for EIDL plus another $25B for testing and $75B for hospitals. Click the headline below for more info and visit https://www.sba.gov/funding-programs/loans/coronavirus-relief-options for more info on these programs.
CLICK HERE to watch a new WRA Legal Update Live titled "Unemployment for REALTORS® Under the CARES Act"

4/27: NAR released an informative video about PPP/EIDL programs titled "How to Secure Your Business Through the CARES Act"
Read NAR's Advocacy Work Towards COVID-19 Relief

4/29: CFPB Paves Way for Consumers Facing Financial Emergencies to Obtain Access to Mortgage Credit More Quickly

5/8: NAR released a new "Guidance for Fair Housing Compliance During the COVID-19 Pandemic" PDF.
Visit https://wedc.org/reopen-guidelines/ for PDFs with guidelines for opening various business types within Wisconsin.

5/15: View the Badger Bounce Back Plan PDF detailing steps the state is taking to safely reopen including testing, tracing and tracking.
To locate a COVID-19 testing location anywhere in Wisconsin, visit: https://www.dhs.wisconsin.gov/covid-19/testing.htm

6/16: NAR: Addressing Legal Concerns During COVID-19 Video
CFPB: CARES Act Consumer Reporting Guidelines

7/20: NAR Video: PPP Extension and New Loan Forgiveness Rules

NWAR & GNMLS will continue normal operations but Matt and/or Lon will be working mostly from home. If you have a MLS question (Billing, Rules, Xposure, SentriLock), please check our website FAQs or dial Lon’s direct line at 715-356-9189.  For NWAR issues (membership, classes/events, prof stnds), call Matt at 715-356-3400. Please call the 3400 number if you need to visit the board office to ensure someone is available to receive you.

All in-person classes and events are cancelled through mid-April and we will reevaluate and update you on later events (eg: live CE starting 4/30, golf outing/election dinner 6/4) as things develop.

Here is a list of several free/low-cost videoconferencing apps you might consider using for meetings and/or virtual showings.

Below are several resources we have compiled, and we thank Kim Swisher for creating a "Northwoods Help During Coronavirus" public group.

Federal & State Resources:

NAR & WRA Resources:

Appraisals: Per the Appraisal Institute newsletter, it is likely that emergency measures may be implemented allowing appraisers to conduct "exterior only inspections". This may necessitate asking sellers to help appraisers by providing current photos of the home interior and mechanical systems, conduct phone interviews re: updates/remodels and more. It may also be prudent to ask sellers if their property was appraised in the past 3-5 years and if the appraiser is acceptable to the lender, consider engaging him/her again to update the past report for the new sale purpose. That may help ease lenders' concerns since the appraiser did an interior inspection not long ago. Thank you Kyle Zastrow for sharing this info.

Voting: We strongly recommend requesting an absentee ballot ASAP to vote in the 2020 Spring Election and Presidential Preference Vote on April 7th. Request an absentee ballot online at: https://myvote.wi.gov/en-us/

Please contact staff@northwoodsrealtors.org if you have questions or additional resources you'd like us to add. With careful diligence and patience, we will defeat this pandemic. Stay smart, stay well-rested and most importantly, stay home as much as possible.