As you can imagine, the massive Coronavirus Aid, Relief and Economic Security Act, or CARES Act, has caused a stir among REALTORS® all over the country. NAR’s advocacy and policy team has put together a couple of FAQ fact sheets to help our members sort through new rules and regulations. So grab a seat and a large cup of coffee, this should cover most of your questions.
In response to the Coronavirus Pandemic, Congress put together a $2 Trillion dollar relief package to help the country during these unprecedented times. The package includes help for homeowners, renters, landlords, small businesses, independent contractors and a great deal of work was put in to make sure REALTORS®, both residential and commercial, received protections as well.
Below are some FAQ fact sheets that cover most of what REALTORS® want to know. While the team tried to cover most questions, for specifc questions to your business, you may want to consult your office’s attorney or accountant.