- General Guidance During COVID-19
- Open House Guidance During COVID-19
- Transaction Guidance During COVID-19
- Shelter in Place Guidance During COVID-19
- Coronavirus Advocacy FAQs: RE Transactions, Independent Contractors, NAR Grants
- Coronavirus Vaccine Details
- COVID-19 Relief Package
- Coronavirus Aid, Relief, and Economic Security Act (CARESact)
- Members Telehealth
- SBA Cares Act FAQs
- Protect Your Investment - A customizable guide for at risk homeowners.
- Payment Protection Program (PPP) -Find out if your Paycheck Protection Program (PPP) loan will be forgiven, and what documents you need to submit for forgiveness of your loan.
MIBOR: Coronavirus Update
mibor office building to close october 30, 2020 through February 2, 2021
As COVID-19 continues to be a concern across the country and as we enter into the holiday season – not to mention cold and flu season - MIBOR has made the decision to close our office building from October 30, 2020 through February 2, 2021.
Throughout 2020, MIBOR has remained focused on two things; the health and safety of our members and staff and continuing to provide the excellent service our members need and expect. This decision allows us to uphold both of these promises.
The CDC states that the more closely you interact with others and the longer that interaction, the higher the risk of a COVID-19 spread. MIBOR took this seriously and since our office reopened in late July, we have worked hard to make MIBOR a safe place to visit. This included staggered shifts of employees, directional hallway signs, limits to REALTOR® Store shoppers, a new sign-in protocol, increased cleaning at night, etc. However, as we enter into the holiday season and anticipate staff and members to travel more to see family and friends, it becomes more difficult to limit contact and contact trace.
Beginning October 30 – January 19:
- All MIBOR employees will work remotely and the MIBOR office will temporarily close - this will cause no disruption to your service.
- If you need to purchase a lockbox, or an item from the MIBOR REALTOR® Store please go to mibor.com/realtorstore to place your order. We will offer two options for order fulfillment:
- We will ship items on Mondays and Fridays.
- Or you can pick up your items curbside, by appointment only, at the MIBOR Building on Monday’s and Friday’s from 1pm – 4pm.
- Division meetings will continue based on each individual division’s plan. For more information on that, visit mibor.com/divisions.
- Committee meetings, board meetings, task force meetings, etc. will continue based on the decisions of the committee chairs in cooperation with the staff liaison.
UPDATED GUIDANCE FROM THE SBA FOR PAYCHECK PROTECTION PROGRAM
PPP REOPENING; NEW SBA GUIDANCE
On Wednesday, January 6, the Small Business Administration (SBA) released updated guidance for the Paycheck Protection Program (PPP), reflecting changes and updates made by the December 2020 COVID-19 relief bill. The SBA also announced that the program will reopen for new applications on Monday, January 11 for new borrowers, and on Wednesday, January 13 it will begin accepting applications from borrowers who qualify for second-draw PPP loans. In addition, qualifying 501(c)(6) organizations will be able to apply for PPP loans for the first time. At this time, the SBA has not released updated application forms. NAR will share those as soon as they are available.
In addition, the IRS has released updated guidance reflecting the legislative change made allowing for deductibility of business expenses paid for with PPP loans. Previously the IRS had ruled that business expenses paid for with forgiven PPP loan money were not eligible to be tax-deductible, despite Congressional intent that they be. The December 2020 COVID-19 relief bill corrected this error.
NAR is updating its SBA resources to reflect these announcements, and will provide the new application materials as soon as they are available.
For all news articles, click below.
On April 9th, Shelley Specchio delivered a Live Facebook message in regards to showings and open houses.
indiana association of realtors® resources:
IAR Contract AdDendums for Covid-19
National Association of realtors® resources:
local, State and National Resources:
CORONAVIRUS: 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 REALTORS® respond to the coronavirus' potential impact on the real estate industry.
What is Coronavirus?
The CDC is responding to an outbreak of a respiratory illness caused by a novel coronavirus outbreak. While the outbreak started in Wuhan, China, a growing number of cases have been identified in several other countries, including the United States.
What is the risk of exposure to coronavirus?
The CDC reports that most people in the United States do not have an immediate risk of exposure to the virus. However, the situation is rapidly evolving, and the CDC will update its risk assessment as needed. Visit the CDC’s website(link is external) for latest updates.
What preventative measures may be taken to reduce the risk of contracting and spreading coronavirus?
The same preventative measures recommended to prevent influenza are also effective in reducing the risk of contracting or spreading coronavirus. These measures include:
Staying home if you have a fever, cough, shortness of breath or any other cold or flu-like symptom.
Washing your hands frequently with soap and water for at least 20 seconds. If soap and water aren’t available, use an alcohol-based hand sanitizer.
Avoiding touching your eyes, nose, and mouth with unwashed hands.
Avoiding close contact with anyone who is sick.
Cleaning and disinfecting frequently touched objects and surfaces.
Covering your mouth and nose with a tissue when you cough or sneeze, or cough or sneeze into your sleeve.
What unique issues does coronavirus present to the real estate industry?
When an infectious disease, such as coronavirus, is associated with a specific population or nationality, fear and anxiety may lead to social stigma and potential discrimination. REALTORS® must be mindful of their obligations under the Fair Housing Act, and be sure not to discriminate against any particular segment of the population. While the coronavirus outbreak began in Wuhan, China, that does not provide a basis for treating Chinese persons or persons of Asian descent differently.
My seller wants to suspend showings, what do I do?
As of July 1, 2020 MIBOR BLC® Listing Service reinstated the rule requiring all listings be made available for showing within seven (7) days of the list date.
Showings include either of the following 1) Physical, on site viewing of the listed property by potential buyers with a cooperating broker; or 2) virtual showing (which could mean live or pre-recorded video of listed property), during which the listing broker or agent is available to answer any questions that a cooperating broker may have about the property”.
If, due to COVID-19, your sellers have health/safety concerns about physical showings, they may either offer virtual showings (defined above) or move the property to the Temporarily Off Market (TOM) status. Your sellers must complete the Temporarily Off Market Status Agreement form to submit the listing to Temporarily Off Market (TOM) status.
May I ask clients or others I interact with in my real estate business if they have traveled recently, or have any signs of respiratory illness?
Yes, you may ask clients or others about their recent travel, particularly to areas identified as having an increased risk of coronavirus. To avoid potential fair housing issues, be sure to ask all clients the same screening questions based on current, factual information from public health authorities.
I typically drive my clients to showings. May I refuse to drive potential clients to see homes?
Yes. However, be sure that any change to your business practices is applied equally to all clients. You may refuse to drive clients who show signs of illness or reveal recent travel to areas of increased risk of coronavirus, or you may instead decide to stop driving clients in your car altogether, and simply arrange to meet clients at a property. If you do continue to drive clients in your car, it is a good idea to frequently clean and disinfect surfaces like door handles and seat belt latches, and to ask clients to use hand sanitizer when getting in and out of the car.
Should I still conduct open houses on my listed properties?
Speak openly and honestly with your seller about the pros and cons of holding an open house. Assess the risk based on your specific location, and direct your clients to local and state health authorities for specific information about the severity of the risk in your area. You could also propose alternative marketing opportunities for your seller’s consideration, such as video tours and other methods to virtually tour a property. If you do hold an open house, consider requiring all visitors to disinfect their hands upon entering the home, and provide alcohol-based hand sanitizers at the entryway, as well as soap and disposable towels in bathrooms. If you decide to do any cleaning at your client’s home, be sure to check with your client in advance about any products you plan to use. After the open house, recommend that your client clean and disinfect their home, especially commonly touched areas like doorknobs and faucet handles.
What precautions should brokers consider taking in their offices?
Brokers should use their best judgment when formulating a plan. First, brokers should implement a mandatory “stay-home” policy for any staff member or agent exhibiting any sign of illness, and depending on where the broker is geographically located, a broker may want to consider imposing a mandatory remote work policy for employees and instructing agents to stay out of the office. In addition, taking measures such as holding virtual meetings or potentially postponing or cancelling in-person meetings or events may be good measures to take to limit close contact between individuals. Be sure to monitor updates from the CDC, as well as your state and local health authorities for additional information and guidance on holding meetings or events. For travel considerations, review NAR’s “Coronavirus: A Guide for REALTOR® Associations”.
How best can I protect myself and my clients during this time?
There are many considerations you will need to make during this time to protect yourself and your clients. You will likely be presented with questions and hurdles that you have not encountered before. You can find great information on navigating through some of these issues posted on the National Association of REALTORS® website, most specifically the article titled “A ‘New Normal’ for Pros in the Age of Coronavirus”. If you are unable to find an answer to your specific question, you can contact the Professional Services Department at 317-956-1912, Option 4 or at firstname.lastname@example.org.
with most city/county buildings closed, how do i contact the county recorder office?
With the evolving Coronavirus pandemic and statewide orders to ‘shelter in place’, most city and county buildings have closed to the public. However, many offices remain available by phone, online or by appointment only to ensure essential business can still be conducted. Your MIBOR Government and Community Relations team has compiled the following resource listing the best way to contact each County Recorder office in our service area.
Finally, do not panic, stay informed, and use your best judgment. The situation is rapidly changing, so focus on putting policies and procedures in place to keep your employees informed, safe, and to avoid business disruption in the event the situation worsens.