DMAR Digest | Week of March 23

Check out the featured content, get the scoop with top news stories from the blog, mark your calendar for upcoming events & classes and catch up with the most buzz-worthy social posts from your Association.

March 23, 2020

COVID-19 Update

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. Read More

COVID-19 Update from DMAR's Chairman of the Board
DMAR's Chairman of the Board, Euan Graham, gives an update regarding the coronavirus pandemic and DMAR's recommendations for open houses, showing properties and navigating this situation. Read More

Fannie Mae, Freddie Mac and HUD to suspend foreclosures
The Federal Housing Finance Agency said it's ordering Fannie Mae and Freddie Mac to suspend foreclosures and evictions for at least 60 days. The decision was announced shortly after President Donald Trump said the Department of Housing and Urban Development will suspend housing evictions and foreclosures through April because of the coronavirus. Read More

Denver real estate brokers, lenders offer inside look at how COVID-19 outbreak is affecting residential market
Denver’s residential market was off to a hot start in the new decade. Then came the coronavirus. Read More

Temporary Rental and Utility Assistance Program
The Temporary Rental and Utility Assistance program (TRUA)  offers resources to Denver residents who are facing a housing crisis or hardship to help prevent eviction or displacement. Read More

Legal Bites #51 - COVID-19 and Real Estate Transactions
CAR General Counsel Scott Peterson discusses what Colorado REALTORS® need to know about COVID-19 and real estate transactions. Watch Video

Must Read

Mortgage Relief Tracker: Coronavirus (COVID-19) Relief For Homeowners
As the coronavirus pandemic continues to shut down U.S. cities and forces individuals into semi-isolation, some people are already out of work for the foreseeable future and others are likely to become so. How will those suddenly without income be able to keep a roof over their heads? The federal government and states are starting to step in to provide protection for homeowners and renters. These initiatives are in their early stages and as COVID-19’s economic impact spreads, these relief programs will likely spread too. Read More

Quote of the Week

“On the other side of a storm is the strength that comes from having navigated through it. Raise your sail and begin.” 

Gregory S. Williams, American author

We're Still Here For You

As you all know, DMAR offices are currently closed and classes and meetings have been canceled through April 30th... but that doesn’t mean it’s good-bye. The entire DMAR staff is working remotely and still available to assist you by phone or email. If you are looking to reach a specific department or staff person, please refer to the staff directory here, or contact our main line at 303-756-0553 or email help@dmarealtors.com. Plus, we have plenty of online resources, available to you anytime, anywhere.

COVID-19 Updates and FAQs
We know many of you have questions regarding COVID-19 and how it will affect your business. To help answer some of these unknowns, we've put together a list of FAQs, which you can view here. If you have additional questions please email communications@dmarealtors.com and we will do our best to provide an answer for you. We've also added a new landing page on our website dedicated to keeping you up to speed on the Colorado coronavirus outbreak. We will be updating this page regularly with information from the Governor as well as market implications and advice for REALTORS®, homebuyers, home sellers and your clients.

Follow us on Facebook for updates and news 
Now more than ever we are making it a top priority to continuously provide important updates and breaking news to our members. Be sure to follow us on FacebookTwitterLinkedIn and Instagram for trending news pertaining to COVID-19, the economy, our communities and our industry at-large.

Now is the perfect time to try out online classes!
Whether self-quarantined or practicing social distancing, we're all spending a lot more time at home right now. And while we know that can be challenging for more reasons than one, now is a great time to catch up on some of the CE credits you may have been putting off. While in-person classes are a no-go at the moment, you still have plenty of options when it comes to your education. 

Skim This

Polis orders Colorado’s “non-critical” businesses to cut in-person workforce by 50% as state sees 7th coronavirus death
Gov. Jared Polis on Sunday ordered all “non-critical workplaces” in Colorado to reduce their in-person workforce by 50%, and more if possible, by Tuesday morning in the latest attempt by the state to help halt the person-to-person spread of the new coronavirus. Read More

The Incredible Resiliency of the Real Estate Industry
We've been through it before, and, although this potential downturn won't be as deep or as wide, there are things you can do to minimize the impact. REAL Trends President Steve Murray offers his advice for overcoming the current Coronavirus crisis. Read More

Filling Out The 2020 Census Means More Funding For Colorado
The 2020 Census is underway with mail notifications sent out to Colorado residents this week. Nonprofits working to encourage everyone to participate say that each person counted will lead to an additional $2,300 a year in funding for the state. Read More

Americans are very likely to get $1,000 (or more) checks. Here’s what you need to know.
Americans could get a check for $1,000 or more in the coming weeks, as political leaders coalesce around a dramatic plan to try to prevent a worse recession and protect people from going bankrupt. Read More

Coronavirus In Colorado: State Unemployment Website Sees Thousands Of Claims
The Colorado Department of Labor and Employment’s unemployment insurance claim process has been bogged down. Potentially hundreds of thousands of people in the restaurant industry lost their jobs because of the coronavirus pandemic. Read More

How to Disinfect Your Home in the Time of Coronavirus
There’s everyday clean, guest clean, and then there’s COVID-19 clean. Let’s get down to the nitty-gritty, literally, and focus on how to disinfect your home. To combat this virus, you’ll want your big guns: bleach, rubbing alcohol and hot water. Read More

Mayor Hancock announces ‘initial’ $4 million fund for 250 Denver small businesses hurt by the coronavirus outbreak
The city government is making $4 million available for Denver businesses dealing with the economic vacuum caused by the new coronavirus outbreak, Mayor Michael Hancock announced Thursday. Read More

Denver is lifting most parking restrictions
Good news, Denver. On March 19, Mayor Hancock announced that, due in large part to outcry on social media, the city would suspend parking meters payments, booting, time limits and residential parking limits. Read More

Stay Safe. Stay Clean. Stay Happy.
Wondering what you can do to help prevent the spread of COVID-19 (and maintain your sanity at the same time)? Check out these 12 steps you can take today to help keep yourself - and your family, friends and loved ones - safe, clean and happy! Read More

Just For You

Three Tier Benefits | Legal Hotline

As a member of DMAR, you also gain access to member-only benefits and services from the Colorado Association of REALTORS® (CAR) and the National Association of REALTORS® (NAR).

The REALTORS® Legal Hotline is a service that provides members of the Colorado Association of REALTORS® with direct access to a qualified real estate attorney who can offer information on real estate law and related matters. The Hotline provides legal information, not legal representation.

A call to a real estate lawyer costs an average of $250 per hour. In just one hotline call, you can offset your CAR dues.

CAR Expands Legal Hotline Hours: In response to the overwhelming call demand for the CAR Legal Hotline, the Legal Hotline will be available for extended hours (8:00 AM – 4:00 PM) through Friday, April 3, 2020. This additional two hours/day of Hotline availability will provide Colorado REALTORS® with expanded access to qualified real estate attorneys as they navigate the unique challenges currently impacting real estate transactions. Learn More

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