Kentucky REALTORS® members are privileged to continue to help our citizens achieve the American Dream of Homeownership. That, however, must be done with the utmost care and precaution during these times. KYR has aggregated important guidance that all members should adhere to and provides important resources for your business. You can find information in the expanding sections below:
Kentucky’s COVID-19 Vaccine Website, vaccine.ky.gov, shows Kentuckians which phase they are in specifically. Individuals can sign up for notifications so state officials can communicate with them when doses become available at new and existing sites. Kentucky’s vaccine map lists regional vaccination partners statewide, so individuals can search their county or region and see how to schedule an appointment. Below the vaccine map, Kentuckians can find additional vaccination sites at Kroger, Walmart and Walgreens stores, as well as independent pharmacies.
Kentucky’s COVID-19 Vaccine Hotline, 855-598-2246 or TTY 855-326-4654 (for deaf or hard-of-hearing Kentuckians), has the same features as the website. Kentuckians can get assistance completing the vaccine eligibility questionnaire and scheduling an appointment when doses are available. The hotline is available 8 a.m. to 7 p.m. EST Monday through Friday.VACCINE LOCATIONS:
You can find a vaccination center near you by clicking here. You can find other COVID-19 resources here.
On December 21, 2020, Congress passed a COVID-19 relief package, which also included an Omnibus spending bill for Fiscal Year 2021, and some tax extenders. Below is a summary of the major provisions of that bill impacting REALTORS®. Learn more at the NAR website.
- CONTRACTS & FORMS
KYR Legal Counsel, Jason Vaughn, talks about the escalation clause in contracts (KY); specifically, what they include, when they should be used, and why a seller may not want to accept one.
KYR Legal Counsel has developed a Property Viewing Release form. This form serves as an agreement for sellers and any viewers of the property will hold each other harmless for any effects of the COVID-19 virus. You can download the form here.
We have also developed a COVID-19 Addendum for real estate contracts that protect buyers and sellers in the event one of the parties becomes ill with COVID-19 and is unable to complete the transaction or due to illness, must back out of the contract. You can download a "fillable" field version at this link.
KYR legal Counsel, Jason Vaughn, has recorded a video discussing the new COVID-19 Residential Sales Contract Addendum.
- COUNTY CLERKS
County Clerks Offices have limited their hours and, in some cases, closed altogether. KYR legal Counsel, Jason Vaughn, has recorded a video outlining what a Clerk office closure means for you in the short and long term.
- DISEASE PREVENTION AND HEALTH INFORMATION FOR REALTORS®
COVID-19 Guidance Site by NAR that is updated regularly
CDC Coronavirus site
COVID-19 Kentucky Gov. Site
- ESSENTIAL BUSINESS
Kentucky Governor Andy Beshear continues to outline and update the list of businesses and entities considered “essential” and permitted to stay “open” during the COVID-19 Pandemic. In nearly every case, these groups are permitted to operate but with very limited or modified procedures. The Governor has specifically cited the Cybersecurity and Infrastructure Security Agency’s (CISA) guidance on this. For real estate professionals, these are the activities the CISA considers essential:
- Residential and commercial real estate services, including settlement services.
- Staff at government offices who perform a title search, notary, and recording services in support of mortgage and real estate services and transactions.
- Workers responsible for the leasing of residential properties to provide individuals and families with ready access to available housing.
- Workers responsible for handling property management, maintenance, and related service calls who can coordinate the response to emergency “at-home” situations requiring immediate attention, as well as facilitate the reception of deliveries, mail, and other necessary services.
- Workers performing housing construction-related activities to ensure additional units can be made available to combat the nation’s existing housing supply shortage.
- Workers supporting the construction of housing, including those supporting government functions related to the building and development process, such as inspections, permitting, and plan review services that can be modified to protect the public health, but fundamentally should continue and serve the construction of housing (e.g., allow qualified private third-party inspections in case of a government shutdown).
- LISTINGS, SHOWINGS, & CLOSINGS
NOTE: KYR no longer had specific recommendations for COVID-19 protocols for its membership. REALTORS® should keep abreast of changing state and local COVID-19 restrictions and recommendations so as to operate responsibly. https://govstatus.egov.com/kycovid19
COVID-19 and the Code of Ethics - Article by Bruce Aydt in REALTOR® Magazine
REALTORS® may advise sellers at the outset to use 3-D software to conduct tours and the majority of the property’s showings during the Pandemic. Also, sellers may wish to open doors and turn on lights before an agent and prospective buyer arrives.
PROPERTY SHOWINGS PROTOCOL
REALTORS® should set any ground rules at the beginning of a showing and be in complete control throughout the process. These rules must be applied and enforced consistently to all in order to comply with Fair Housing Guidelines.
- REALTOR® BUSINESS AND FINANCIAL AID INFORMATION
CARES Act Provisions for REALTORS® and Their Consumers: https://www.nar.realtor/political-advocacy/coronavirus-aid-relief-and-economic-security-act
SBA (Small Business Association) Program Loans [Paycheck Protection Program & Economic Injury Disaster Loan]. Small businesses and sole proprietorships can apply now for forgivable Paycheck Protection Loans through existing Small Business Administration lenders to cover payroll and certain other expenses. The program opens to the self-employed and independent contractors on April 10.
Read NAR’S guidance on the Paycheck Protection Program.
These documents from the Small Business Administration, Department of Labor, and Treasury Department may be useful to you as well:
- SBA Interim Final Rule
- Treasury Department Paycheck Protection Program Information Sheet
- DOL List of State Unemployment Offices
- DOL Unemployment Benefits Guide
- SBA 7(a) Paycheck Protection Program Application
REALTOR® Magazine detailed these programs here: https://magazine.realtor/daily-news/2020/03/31/forgivable-small-business-loans-to-bring-relief
Coronavirus: Unemployment Assistance CARES Act FAQs: https://www.nar.realtor/political-advocacy/coronavirus-unemployment-assistance-cares-act-faqs
(Kentucky Gov. Site): https://kcc.ky.gov/career/If-you-are-Unemployed/Pages/default.aspx
- VIRTUAL TOWN HALL MEETINGS
KYR has been hosting COVID-19 Virtual Town Hall meetings. The goal of this is to share a lot of valuable information in a short time.
The 1st Virtual Town Hall Meeting: "A new reality for REALTORS in Kentucky."
2nd Virtual Town Hall meeting: "CARES Act, KY Unemployment, and tips on applying and getting approved."
3rd Virtual Town Hall meeting: "How has the Pandemic Affected Commercial Real Estate in Kentucky?”
4th Virtual Town Hall meeting: "Taking care of you and your loved ones - Mental and physical wellness."
5th Virtual Town Hall meeting: "Providing Leadership During Challenging Times."
6th Virtual Town Hall meeting: "Working in the Now."
7th Virtual Town Hall meeting: "Open House Guidance."
8th Virtual Town Hall meeting: "A Conversation on Race."
9th Virtual Town Hall meeting: "A Conversation with Leigh Brown."
10th Virtual Town Hall meeting: "Handling Multiple Offers."
Also, see this NAR video called "Window to the law: Handling multiple offers".
11th Virtual Town Hall meeting: "The History of Race Discrimination and Real Estate."
12th Virtual Town Hall meeting: "Surviving COVID-19: One REALTOR's Journey".
13th Virtual Town Hall meeting: "PROFESSIONALISM, COMPETITION, AND COVID-19".
14th Virtual Town Hall meeting: "KYR's YPN Takeover!"
15th Virtual Town Hall meeting: "REALTOR® Safety: Are You at Risk?"
16th Virtual Town Hall meeting: "Looking Forward!"
17th Virtual Town Hall meeting: "A discussion of discriminatory speech and conduct".
18th Virtual Town Hall meeting: "Finding Calm in the Storm".
19th Virtual Town Hall meeting: "Planning and Goal Setting".
NEW: REALTORS® Unemployment insurance update: What you need to know. (April 27th) This free webinar was hosted by LBAR but open to all KYR Members. The topic was the new and expanded unemployment assistance options that are now available to qualifying independent contractors as part of the relief response to COVID-19.
Guest speakers included:
-Josh Benton, Secretary of the Kentucky Education and Workforce Cabinet
-Muncie McNamara, Executive Director of the Kentucky Office of Unemployment Insurance.
You can view the recording of the conference at https://www.youtube.com/watch?v=gOCae0zyFA0&feature=youtu.be
KYR Moving Forward (April 10th)
KYR hosted an online WebEx seminar on Friday, April 10th. Unfortunately, due to technical issues, a portion of the meeting was not recorded. You can view the recording at this link. All of the questions submitted in the chat section of the meeting were answered in writing by NAR staff and can be downloaded in PDF format here.
KYR Broker Tele-summit (April 21st)
KYR hosted a Broker Tele-summit via Zoom. Chief Economist for NAR, Dr. Lawrence Yun, joined a panel of esteemed brokers form KY to discuss the unique challenges that the offices in Kentucky are facing right now. You can view the recording at this link.
- ZOOM BACKGROUNDS, TIPS, & SUPPORT
KYR uses Zoom as a tool for online-video meetings and conference calls. Here are a few resources to help if you.
Zoom backgrounds for KYR (click an image to enlarge it and then right-click to save it to your device.)
More Zoom backgrounds are available from NAR on their campaigns page here.
Link to Zoom tutorial videos: HERE
How to join a Zoom meeting: HERE
How to schedule a Zoom meeting: HERE