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Payment Protection Program (PPP) vs. SBA Economic Injury Disaster Loan (EIDL)

Apr 24, 2020
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NAR has also created a helpful video to walk you through funding options available through the CARES Act. Hear directly from quick-acting REALTORS®, with businesses of varying structure and size, who successfully obtained Paycheck Protection Program (PPP) Business Loans or Economic Injury Disaster Loans (EIDL). Learn how to navigate the Small Business Administration website, which…
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Status of Unemployment in Washington State

Apr 14, 2020
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The Pandemic Unemployment Assistance (PUA) program in Washington State is still being developed by the Employment Security Department (ESD). Here’s what we know right now: #1 INDEPENDENT CONTRACTORS: Under the federal CARES Act, independent contractors and self-employed workers are eligible for PUA benefits (unlike regular unemployment that only applies to employees). #2 ELIGIBILITY: The fact that certain…
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Working Washington Small Business Emergency Grants

Apr 08, 2020
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Governor Inslee is offering a new Working Washington Small Business Emergency Grant program to assist small businesses impacted by the COVID-19 outbreak. Up to $5 million in funds are provided through the Governor’s Strategic Reserve Fund and administered by the State Department of Commerce. The grant program will provide a limited number of businesses in…
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Black Knight Releases COVID-19 White Paper

Apr 03, 2020
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As the world grapples with the impact of COVID-19, Black Knight, Inc. has assessed many of the potential effects of the pandemic on the real estate and mortgage industries. Leveraging Black Knight’s extensive property, home price and loan-level mortgage data, proprietary analytics, as well as third-party information, the company has released an extensive white paper…
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Treasury Releases Paycheck Protection Program Loan Applications

Apr 01, 2020
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The Treasury Department released the application for the SBA 7(a) Paycheck Protection Program (PPP) loans, which can help small businesses maintain employment through loans that are forgivable over time under the mandated circumstances. They also released a summary guide of the program to help borrowers understand the program’s rules. Small businesses and sole proprietors can apply beginning this…
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Professional Photography and Staging for Listings Now Permitted

Apr 01, 2020
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According to Washington REALTORS®, this information is based on clarification requests that were submitted by photography and staging companies to the Governor's office. Those companies have requested that we forward this clarification to our members. See below for the revised FAQ document provided by Washington REALTORS®. REVISED FAQs: Can professional photographers take photos and create…
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Property Management Included in Inslee's Memorandum

Mar 31, 2020
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Washington REALTORS® has received confirmation from the Governor’s Office that property management services for single and multi-family residential buildings (including apartment buildings) are within the scope of Governor Inslee’s March 28 residential Real Estate services memo. This means that residential single and multi-family property management, including working with tenants, can occur subject to the requirements…
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New Consumer Handout & Revised FAQs from Washington REALTORS®

Mar 31, 2020
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Washington REALTORS® has developed a one-page client handout that you can use to explain your obligations under the Governor’s Stay Home, Stay Healthy order. They have also released an updated FAQ list. In particular, please note the updated question relating to movers. Both can be viewed and downloaded below.

Commercial Real Estate NOT Included in Inslee's Memorandum

Mar 30, 2020
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The Commercial Brokers Association has clarified that Governor Inslee’s March 27th memorandum was directed to residential real estate transactions only, not commercial.  In conjunction with their legal counsel, they have compiled a series of Commercial Real Estate Practitioner FAQs related to Washington state’s current “Stay Home Stay Healthy” order that went into effect on March 26,…
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Breaking News from Washington REALTORS®

Mar 28, 2020
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IMPORTANT NOTICE REGARDING GOVERNOR INSLEE'S MARCH 28TH MEMO: A MESSAGE FROM WASHINGTON REALTORS LEGAL HOTLINE LAWYER ANNIE FITZSIMMONS AND NWMLS LEGAL COUNSEL JUSTIN HAAG It is clear that some brokers are misinterpreting the Governor’s March 28 Memorandum. Brokers cannot conduct “business as usual”... The recent modifications to the Governor’s Stay Home Stay Healthy Order (the…
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