COVID-19 Legislation Offers Benefits for Agents, Homeowners Alike
The CARES Act legislation offers financial assistance to many affected by the COVID-19 pandemic, including small business owners, self-employed workers and independents contractors. However, many additional provisions exist that affect not only real estate professionals, but their clients as well. Housing and mortgage. The economic relief package offers mortgage forbearance of up to 360 days […]
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Missouri Begins Processing Pandemic Unemployment Assistance for Self-Employed and Independent Contractors
The Missouri Department of Labor and Industrial Relations announced today that it is now processing unemployment claims for self-employed workers, independent contractors and those who otherwise do not qualify for regular unemployment benefits and have been impacted by the coronavirus. Under the Pandemic Unemployment Assistance (PUA) program, those who qualify will be eligible for weekly […]
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Missouri and Kansas Enact Temporary Remote eNotary
Missouri Governor Mike Parson signed an Executive Order on April 6, authorizing remote electronic notarizations in Missouri. This process will allow for the use of audio-video technology to complete the personal appearance requirement, protecting the health and safety of the notaries public and all parties to the contract. Kansas Governor Laura Kelly signed a similar […]
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IRS Extends Tax Deadlines
The IRS issued guidance Thursday evening to grant deadline relief for both 1031 like-kind exchanges and opportunity zone investments that are already underway. Both of these programs are designed to promote economic growth in communities, and NAR made the case that investors in these programs should not be harmed due to the effects of COVID-19. […]
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Financial Assistance for REALTORS® Through CARES Act
The federal government recently passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which provides relief to small businesses, independent contractors, sole proprietors and individuals who are self-employed. Various relief programs may be available to real estate brokerage firms and agents. Pandemic Unemployment Assistance A key provision in the CARES Act creates a temporary […]
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NAR Wins Major Provisions for REALTORS®
The U.S. Senate passed a $2 trillion COVID-19 economic relief package Wednesday night with overwhelming bipartisan support. The bill now goes to the U.S. House, where it is expected to pass, and President Trump has said he will sign it into law. The measure includes $350 billion for the Small Business Administration 7(a) loan program. […]
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Coronavirus Emergency Legislation: What REALTORS® Need to Know
Congress has passed the Families First Coronavirus Response Act (H.R. 6201) providing support to American workers, families, and businesses, including the expansion of paid sick leave and family medical leave. It also includes refundable tax credits for small businesses and self-employed individuals to cover the cost of the leave. NAR’s advocacy team continues to urge […]
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KCRAR Advocacy Team Takes Legislative Road Trip to Jefferson City
On a cold, windy morning in late February, fourteen members of the KCRAR Missouri Advocacy Committee loaded into a transit van headed east. Waiting for them at the Missouri REALTORS® (MR) REALTOR® Party Headquarters in Jefferson City, Mo. was the MR Advocacy Staff, led by Chief Lobbyist Sam Licklider. Licklider began his day at an […]
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Real Estate Wins in Government Spending Bills
The House on Tuesday passed a federal spending package for fiscal year 2020 that includes several high-priority items for REALTORS®: reauthorization of the National Flood Insurance Program through Sept. 30; an extension of several tax provisions important to real estate markets, such as mortgage debt forgiveness; and a seven-year reauthorization of the Terrorism Risk Insurance […]
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Kansas City REALTOR® Party Supports Candidates For Local Kansas Elections
The Kansas City REALTOR® Party works to protect and promote homeownership and property investment by speaking with one voice to advance candidates that build strong communities and promote an active business environment. Working hand in hand with RPAC, the Kansas City REALTOR® Party supports pro-REALTOR® candidates who make decisions that impact REALTOR® members and their […]
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