The National Association of Realtors is hosting a Facebook Live event to go over the CARES act that was recently passed and how it will affect 1099 contractors. We’ve been getting a lot of questions about this, so we think this will be a popular event. CARES stands for Coronavirus Aid, Relief, and Economic Security and it has three main components:
- Unemployment insurance can now cover 1099 earners. It has also been increased by $600/week which in Oregon would be $985, I believe.
- The Economic Injury Disaster Loan (EIDL), which has always existed, now has an immediate $10,000 grant that will not have to be paid back—but no one as far as I can tell has actually gotten any money from it. Except for that initial grant, this is not a forgivable loan.
- The Payroll Protection Program or PPP which will provide a very low interest loan worth 2.5 times your average monthly payroll (and yes, you can count your own 1099 income), but the loan will be forgiven if you don’t fire any of your employees. I will be interested to hear more about how this works if you are your only employee. There are limitations on your ability to get money from both the EIDL and PPP programs.
Let’s discuss the Facebook live class and the CARES act in general. No one has perfect information at this point—including the federal government, itself—but we have been able to learn some things. Come with questions and be willing to share your own experiences navigating these programs.
Also, this is a great time to ask real estate business related questions!
Mickey J. Lindsay, President
Have some contact with humans outside your home and ask questions of the company president, Mickey Lindsay!
This one should be good for a credit hour — law & reg + record keeping. We may also throw in a quiz about various forms.
Earn an hour toward your license renewal for free with Oregon First’s president, Mickey Lindsay.
Today, we’ll discuss the most recent Case-Shiller numbers and more generally what the Case-Shiller Index is.
Then we’ll take a look at how the OAR Legal Hotline has answered some of the same sorts of questions as we’ve been answering in our You Be The Principal Broker series. This should be interesting since there are always differences of opinion or experience that lead to slightly different answers or different emphases.
Then, if there’s time, we’ll look at PMAR’s most recent version of Best Practices.
Class is free and earns one hour toward your license renewal. A Zoom link will be sent in an email to all Oregon First, Realtors®, Washington First Properties, and Tiffany Real Property agents.
Free Zoom class with the company president, Mickey Lindsay! Earn an hour toward your license renewal and see some fresh faces.
Today we’ll continue or review of the Oregon Association of Realtors® Legal Hotline answers to some of the questions we’ve been going over in class to see how their take differs from our take; then we’ll go over the new PMAR Best Practices.
Earns 1 hour toward your license renewal. The zoom link goes out via email the night before.
Earn an hour toward your license renewal for free with Oregon First’s president, Mickey Lindsay. Today we’ll be discussing the ins and outs of personal transactions, then we’ll talk about the most recent Oregon Real Estate Agency newsletter article on the dangers of buyer love letters.