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June is National Homeownership Month

June 12, 2020 By WCAR Webmaster

June is Homeownership Month and we’re celebrating Americans who are #CreatingHome. By becoming homeowners, they are one step closer to the American Dream and sharing their experience can help others to do the same. Join us all month long as we celebrate the new era of homeownership and recognize the people, policies, and programs that are #CreatingHome now and into the future!

Check out this infographic on the benefits of creating home!

You can also find expert advice to help Americans navigate their way through the homeownership experience and highlights on how homeowners are shaping their communities at homeownershipmatters.realtor!

Filed Under: WCAR News & Updates

Washington REALTORS® Releases Updated Real Estate Guidance and FAQs Document

June 10, 2020 By WCAR Webmaster

Washington REALTORS® has updated their FAQ document to include more information on permitted real estate activities and related restrictions that apply to Phase 1, Phase 1.5 and Phase 2. Phase 3 information will be released soon.

You can find an overview of the key metrics and data used by state leaders to assess whether it’s safe for a county to enter a new phase of reopening on the Washington State COVID-19 Risk Assessment Dashboard.

Filed Under: WCAR News & Updates

Pandemic Unemployment Assistance Clarification

June 10, 2020 By WCAR Webmaster

Washington REALTORS® recently provided the following clarification on Pandemic Unemployment Assistance (PUA):

QUESTION: Some counties in Washington State are now in Phase 2 or Phase 3 of the Safe Start plan, which allows limited opening of real estate offices so long as specific protocols are followed. If a county is in Phase 2 or Phase 3, do real estate brokers become ineligible for Pandemic Unemployment Assistance (PUA)?

ANSWER: No. A real estate broker may be eligible for PUA even if they are located in a county that has advanced to Phase 2 or 3. PUA eligibility is not determined by the specific phase of the state’s Safe Start plan, it is based on the PUA eligibility requirement of the federal CARES Act. If a real estate broker is unable to work full-time because of the COVID-19 pandemic, they are eligible to apply for PUA and can continue to claim PUA benefits even if their county moves into Phase 2 or Phase 3. Whether a specific person will receive PUA benefits, and how much, will depend on their income from real estate and other work, and other factors. It is important for real estate brokers to note that if they receive income after being paid PUA benefits, that additional income must be reported to ESD so that the PUA benefit amount can be recalculated. This could result in a repayment requirement from the real estate broker to ESD. As the state’s Safe Start plan continues, ESD will be making changes to the PUA program that could affect REALTORS® eligibility so please look to Get the Facts emails (on Tuesdays) or other emails we send for future guidance.

Filed Under: WCAR News & Updates

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