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Coronavirus: A Guide for REALTORS®

March 17, 2020 By WCAR Webmaster

Why is NAR issuing this guidance?

In response to the growing concerns about COVID-19, commonly referred to as coronavirus, NAR is providing this guidance to help REALTOR® associations respond to the coronavirus’s impact on the real estate industry. As of March 16, 2020, the United States government has banned all travel from Europe, the United Kingdom and Ireland into the United States for a period of thirty (30) days. The U.S. Centers for Disease Control and Prevention (CDC) has issued Level 3 Travel Warnings for China, Iran and South Korea, and a Level 2 Travel Health Notice all other global travel. The situation is rapidly evolving. Be sure to refer to the CDC’s website for up-to-date information about travel warnings (link is external), as well as information about the coronavirus’ current impact in the United States (link is external). Daily updates about the coronavirus are also available from the World Health Organization (link is external). 

What is Coronavirus?

COVID-19 is a novel coronavirus that has infected more than 142,000 individuals in 134 countries, causing the World Health Organization (WHO) to classify this outbreak as a pandemic on March 11, 2020. Symptoms include fever, cough, and shortness of breath. Anyone experiencing emergency signs such as difficulty breathing, persistent pain or pressure in the chest, new confusion or bluish lips or face should immediately seek medical attention.

What is the risk of exposure to coronavirus?

Older adults and people who have severe underlying chronic medical conditions like heart or lung disease or diabetes seem to be at higher risk for developing more serious complications from COVID-19 illness. The virus is thought to spread mainly from person-to-person and the best way to prevent illness is to avoid being exposed to this virus. The CDC urges citizens to monitor your health and practice social distancing. Social distancing means staying out of crowded places, avoiding group gatherings, and maintaining distance (approximately 6 feet) from others when possible. 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 CDC urges individuals to take these measures to protect themselves and others:

  • Wash 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.
  • Avoid touching your eyes, nose, and mouth with unwashed hands.
  • Practice social distancing by staying out of crowded places, avoiding group gatherings, and maintaining distance (approximately 6 feet) from others when possible.
  • Avoid close contact with anyone who is sick.
  • Stay home if you have a fever, cough, shortness of breath or any other cold or flu-like symptom.
  • Clean and disinfect frequently touched objects and surfaces.
  • Cover your mouth and nose with a tissue when you cough or sneeze, or cough or sneeze into your sleeve.

Additionally, to help prevent the continued spread of coronavirus, on March 15, 2020, the CDC recommended that for the next 8 weeks, all in-person events consisting of 50 or more people, such as conferences and assemblies, be cancelled, postponed or modified to virtual events (link is external). Avoiding large in-person gatherings of this sort is another effective measure that will reduce your risk of contracting or spreading coronavirus.

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.

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, limiting the amount of people in the home and providing 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. In addition to performing regular environmental cleaning with special attention paid to frequently touched surfaces, brokers should implement a mandatory “stay-home” policy for any staff member or agent exhibiting any sign of illness. Brokers may want to consider imposing a mandatory or maximum flexibility remote work policy for employees and instructing agents to stay out of the office. In addition, in the wake of the CDC’s recent guidance recommending that in-person events consisting of 50 or more people be cancelled or postponed, brokers should take measures to hold virtual meetings when possible, and potentially postpone or cancel in-person meetings or events 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“.

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 and agents informed, safe, and to avoid business disruption in the event the situation worsens. The CDC’s Interim Guidance for Businesses and Employers (link is external) is a helpful resource.

SOURCE

Filed Under: WCAR News & Updates

Legislative Session Ends with Significant REALTOR® Victories

March 14, 2020 By WCAR Webmaster

 

The 2020 Session adjourned “Sine Die” on March 12 bringing a welcome to the biennial session. In Washington, the Legislature conducts “long sessions” in the odd years (105 days) where they adopt a budget and do the heavy lifting of policy work. The “short sessions” in the even years (60 days) are meant to serve as a supplement to the prior year and addressing any changes to the budget, and bills that were not passed the prior session.

Prior to the 2019 session we polled nearly 1,000 of our members to ask what our priorities should be in this two-year process. They clearly told us that we needed to work on real estate taxes and fees, supporting policies that led to new (preferably first-time) homeownership opportunities and helping restart the condominium market. We accomplished many of those objectives in the 2019 session, and added some significant victories in the 2020 session.

“The 2020 Legislative Session built on the successes we achieved in the 2019 session. We put money back in our members pockets, increased housing supply options for the entire state and defeated several bills that would have brought harm to our industry. It was a great session for our members, homeowners and those who want to become homeowners”

-Kitty Wallace, Washington REALTORS® President

 

TAXES & FEES

The 2019 session saw an unusual bill that lowered the Real Estate Excise Tax (REET) on many properties but raised it on high end properties, to include commercial real estate. All property sales under $1.55 Million (at least 90% of all sales in WA) saw a decrease in real estate excise tax. Predictably, we saw a rush in the commercial real estate market to complete deals before the bills effective date of January 1, 2020 that likely pulled some 2020 transactions into 2019 to avoid the increase. In most non-commercial transactions, you are able to tell sellers you helped put more equity back into their pocket.

We were also able to exempt Real Estate brokerage services from the B&O Tax increase applied to most service businesses. The 2019 B&O Increase came back to the legislature this year for clarification, and once again real estate brokerage services were not included in the service businesses that will pay the B&O increase.

Both bills took effect January 1, 2020 and we’re monitoring the impacts across the industry.

HOMEOWNERSHIP OPPORTUNITIES

The 2019 session saw the Legislature adopt HB 1923 which incentivized cities to adopt ordinances that would allow “missing middle” types of housing to be built. That bill was extraordinarily successful with over 70 local jurisdictions taking advantage of the bill.

The legislature built off of that success and in 2020 extended the deadline for the incentives and also removed population size restrictions. With this change, cities of all sizes can take advantage of these incentives. We know our smaller cities also want to build missing middle housing and now they will have more tools to make that a reality.

The legislature also furthered legislation on encouraging Accessory Dwelling Units in local jurisdictions, moving local comprehensive plan dates to correspond with data from the US Census, and added an extension of popular incentives in the Multi Family Tax Exemption bill.

WHAT DIDN’T PASS

Most sessions are defined by what bills passed, but bills that didn’t pass are just as important. The 2020 session was no exception to this rule we saw numerous bills that would have dramatically impacted Real Estate fall by the wayside. These included a bill that would have required lawyers on both sides of a transaction in any in-house listing, a new independent contractor test that could have taken away REALTORS® independent contractor status, rent control, just cause eviction, a bill that would have made it easier to implement additional real estate excise tax in certain areas, and a head tax on highly paid employees that would have applied to certain real estate businesses and brokers in King County.

The 2019-2020 Sessions are now a wrap. Our members made their priorities clear, and we were able to take steps to meet those priorities. More work remains- especially on first time home owner opportunities. We will continue to listen to our members and work with legislators in an effort to keep moving the industry forward.

SOURCE

Filed Under: Government Affairs, WCAR News & Updates

Why You (and Your Clients) Should be Obsessed with Homesnap

March 13, 2020 By WCAR Webmaster

Homesnap has always been built specifically for agents and brokers, and that’s why we proudly provide it as one of our subscription benefits.

You’ll always find new tools that help agents and brokers work more efficiently and effectively. And you won’t find advertisements from other agents on your listings or an iBuyer program that competes with you for business.

But one of the most impressive things about Homesnap is how it can transform the way you work with your clients. Homesnap’s industry-leading client collaboration tools empower you to work better with clients while creating a safe haven so you can protect your client relationships.

Below, we break down these tools to help you understand why so many agents and their clients are obsessed with the Homesnap app.

Homesnap Is Better For Your Clients

Is there anything worse than hearing your clients have fallen in love with a home, and then having to tell them the property has been off the market for a week? You don’t need to worry about outdated listings inside Homesnap.

That’s because Homesnap doesn’t run off public record data, which could be weeks old before it gets refreshed. Our real-time data feed directly powers Homesnap so your clients can browse homes that are actually on the market. They see the same listings that you’d see if you logged into our portal (or Homesnap Pro!).

This direct integration with our data feed powers both Homesnap (for your clients) and Homesnap Pro (for you). It completely transforms their home search experience, so they don’t see all the outdated information that is prevalent in other third-party search portals.

You can still save searches for your clients and keep track of the latest market updates that way, but since your clients have the freedom to browse accurate listing details on their own, you can also empower them to take their home search into their own hands.

After your clients connect with you inside of Homesnap (more later on exactly how to do this), you’ll be alerted immediately whenever they snap or favorite a listing. You can instantly pull up confidential listing data and browse associated listing docs to get the full picture of the property before you discuss it with your clients.

You can also access your clients’ full list of favorites and snaps inside your Homesnap Pro account, so you can review the properties they’re interested in at any time on your phone, tablet, or desktop.

Another feature that agents and consumers love to use is Homesnap’s in-app messaging, which allows you to share new listings and have a conversation with your clients in a single message thread instead of fragmenting your communication through texts and emails.

Plus, any conversations you have about a particular listing will also appear under “Related Conversations” on the actual property listing for easy reference in the future (only you and your clients will see these comments).

Better For You

Homesnap Pro is the one place where you can centralize all your digital communication and access the most up-to-date listing data — but it also protects your client relationships and is free of third-party advertisements.

When your connected clients browse listings, the only agent they will see inside the app is you. Homesnap directs all their questions and comments to you as well.

Homesnap proudly follows Fair Display Guidelines, meaning search results aren’t given preferential ranking, listings are free of third-party agent advertising, and leads are sent to the listing agent for free. Their motto is (and always has been) “your listing, your lead.”

Best of all: Every feature of Homesnap Pro and Homesnap that we mentioned is FREE to both you and your clients as a subscription benefit.

How to Bring Your Clients Into Homesnap

We’ve made the process of bringing your clients into Homesnap really simple. To make a new client connection, just send out an invitation through the app. Once your clients accept it, they will be connected to you. You’ll enjoy one-to-one branding inside Homesnap and have the ability to start using the client collaboration tools we mentioned above.

You’re only two taps away from inviting clients on your desktop computer or mobile device. Here’s exactly how to do it:

ON A DESKTOP COMPUTER:

1. When you’re logged into your Homesnap Pro account, go to the Pro Agents tab and select Invite Clients.

2. A pop-up will allow you to invite clients by typing in their email address or by sharing your profile link. When you post your link to social media, anyone can connect with you through your public-facing Homesnap profile, just like on Facebook or LinkedIn.

ON A MOBILE DEVICE:

1. When you’re logged into your Homesnap Pro account, go to the Pro Agents tab and tap Manage Clients & Contacts.

2. To send a new invitation, select the headshot silhouette that has a “+” next to it. Then, you’ll see options to invite clients by typing in their email address or phone number, select people from your contact book, or share your profile link to social media (just like Facebook or LinkedIn, anyone can connect with you through your public-facing Homesnap profile).

Voila! Follow up with your clients to make sure they saw the invite and accepted it, and you’re ready to take advantage of the incredible client collaboration tools in Homesnap.

Filed Under: WCAR News & Updates

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