This webpage has been created to keep members and affiliates up to date. We have also included links from the Oklahoma Association of REALTORS® as well as the National Association of REALTORS®.









Asrestrictions begin to ease around the country, NAR has created new guidance tohelp members formulate best practices and guidelines for showing properties andpreparing for business reopenings. Share it with your members, and add the PDF to yourassociation’s coronavirus microsite.

Coronavirus: A Guide for REALTORS®

Showing Guidance During Reopening 


Thoughtful Steps to Reopen Your Business

State governors are gradually lifting stay-at-home orders and allowing business to slowly reopen, but nothing is returning immediately to its pre-pandemic normal. Keeping social distancing in mind, NAR President Vince Malta offers best practices in this week’s “Pivot in Place” video for safely opening your doors and resuming an in-person presence with clients. Malta’s video follows NAR’s release of a new workplace reentry checklist. Meanwhile, as commercial pros gear up for better economic news, they can be well-positioned to develop guidance for clients on changing workplace needs in the era of the coronavirus.

 COVID-19 and strategies for reopening businesses are a big part of the dialogue taking place this week during the virtual 2020 REALTORS® Legislative Meetings. In this third and final week, the focus is on education and networking sessions. Here’s what we’ve covered from the meetings so far:

How property managers can mitigate income loss when tenants can’t pay rent.

Helping homeowners sort through the confusion around mortgage forbearance.

The ways community plans may evolve in the age of the coronavirus.

A new era of associations holding ethics hearings completely virtually.


 Over the next three days, look for powerhouse sessions that will prepare you for what’s to come in the business and political worlds, including:

On Tuesday, former N.J. Gov. Chris Christie and former White House Chief of Staff Rahm Emanuel headline the Federal Legislative & Political Forum.

On Wednesday, NAR Chief Economist Lawrence Yun presents his forecast at the Residential Economic Issues & Trends Forum.

And on Thursday, Brian Buffini offers insights, gleaned from his decades coaching top real estate professionals, in “Business Strategies That Meet the Moment.”


 Don’t miss REALTOR® Magazine’s ongoing coverage of the meetings, and stay in the know with the magazine’s Daily News e-newsletter. (Login required.)



Coronavirus SBA CARES Act FAQs

The OESC is now asking independent contractors who intend to file for unemployment to begin the pre-application process. You can find the link and begin here https://ui.ok.gov/

“We want people to register and complete the pre-application process even though Oklahoma is

not yet authorized to begin paying these benefits,” said OESC Executive Director Robin Roberson.

“This is an important first-step in being able to receive this relief as quickly as possible when the

state is ready to begin processing these claims.”

PUA applicants are asked to click on the Get Started button on the website and begin the pre-application process.

“We encourage everyone who doesn’t qualify for regular unemployment benefits to complete the PUA pre-application,” Roberson said. “Once you’ve completed the PUA pre-application, you’re already in line when we begin paying out this relief.”

Officials say the funding for the PUA is still pending. All payments for relief will be backdated to the date the job loss or business closure occurred.

Approved applicants will also receive the $600 additional weekly benefit through the week ending July 25, 2020.


NAR IS FUNDING 2 MONTHS OF TELEHEALTH ACCESS

The National Association of REALTORS® understands that access to health care options may be top of mind for members. Telemedicine is playing an essential role today as we navigate uncharted territory and the need for virtual healthcare.

NAR is supporting members by funding 2 months of Members TeleHealth as a benefit for those who do not currently have access to telemedicine, with an ongoing significantly-reduced rate available for members thereafter.

Enrollment is limited*.

STAY HOME. STAY SAFE.

Members TeleHealth is a telemedicine service which provides virtual access to a doctor for non-emergency medical issues. Through this plan, NAR members receive 24/7/365 access to MDLIVE, a network of over 2,300 U.S. state licensed and board-certified physicians who are professionally trained to provide treatment through smartphone, tablet, or computer.

Common issues treated include allergies, asthma, flu, fever, virus, headaches, rashes, joint aches, urinary tract infections, nausea, infections, pink eye, acne, and more.

Remember: If you’re sick, stay home. Members TeleHealth helps you do that. Limit your exposure, and decrease the chance of spreading illness to others.

Click the link below for more information.

NAR IS FUNDING 2 MONTHS OF TELEHEALTH ACCESS


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.

1031 Like-kind exchanges. If an investor has taken the first step of a like-kind exchange by selling the old property, and either the 45-day or the 180-day deadline falls between April 1 and July 15, the deadline has been extended to July 15.

Opportunity Zones. If an investor who sold a capital asset planned to roll over the gain into an Opportunity Fund and the 180-day deadline to do so falls between April 1 and July 15, 2020, he or she can make the investment as late as July 15.


 Also, sole proprietors who pay quarterly estimated taxes now have until July 15 to file their second quarter payment. As a result of an earlier IRS notice, first quarter estimated tax payments had already been extended to July 15. This means that any individual or corporation that has a quarterly estimated tax payment due on or after April 1, 2020, and before July 15, 2020, can wait until July 15 to make that payment, without penalty.



COVID-19 and Unemployment Assistance

The Federal CARES Act signed into law in late March provides additional federal unemployment assistance to already available state unemployment insurance and includes the provision to expand unemployment options to individuals classified as independent contractors. This assistance is provided by the State of Oklahoma through the Oklahoma Employment Security Commission(OESC). 

One of OAR’s Industry Partners, the Oklahoma State Chamber of Commerce, has provided a great resource directly OESC to help guide individuals through the unemployment claim process:

 •State Chamber of Commerce COVID-19 and Unemployment: Questions Answered

Key Information for REALTORS right now:

  1. The OESC has recently been provided guidance by the U.S. Department of Labor on how the state is to administer the benefits outlined in the CARES Act.
  2. OESC is in the process of updating its system to allow for the processing of independent contractor claims. They expect this system to go live in mid to late April.
  3. Independent contractors (REALTORSⓇ) are encouraged to wait until the new system is live, and not submit claims through the current OESC procedures.
  4. If an independent contractor applies for unemployment benefits right now, their claim will likely be denied, and it clogs the system for others who are currently eligible to receive benefits.
  5. All claims filed under the new independent contractor system will be backdated to March 30th, ensuring the extra weeks are accounted for and the independent contractor receives benefits for the weeks missed.
  6. When independent contractors are able to apply for assistance, REALTORS must mark themselves as “self-employed” on all unemployment documentation. 

The National Association of REALTORSⓇ has also provided information for REALTORSⓇ on eligibility requirements, assistance availability and longevity, and other information:

•  CARES Act: Coronavirus Unemployment Assistance Act FAQ

•  Click here for more information on the CARES Act from NAR


April 1, 2020

Payment is due upon receipt and late after May 1, 2020. Due to COVID-19, we are extending the late fee of $20 to be automatically assessed on May 16, 2020. Accounts not paid by the end May will have their services suspended. To reinstate your account, you must pay all accrued charges plus a $30 reinstatement fee.

Please make checks payable to: MLS Technology, Inc., P.O. Box 470325, Tulsa, Oklahoma 74147-0325

March 31, 2020

The GTAR & MLS Tech staff have been working hard to keep systems running as normally as possible and taking proactive measures to provide our members with support during this unprecedented time. We want you to know your safety and ours is of the utmost importance to us during this time. With Mayor Bynum’s executive order over the weekend to shelter in place out of growing concerns about the spread of COVID-19 (Coronavirus) and in consideration for the well-being of our staff and members, the SentriLock keyboxes will only be available for purchase, if necessary. You may contact our main number at 918-663-7500 to request a keybox and once the setup has been completed, they will be available for pick-up outside of our office.

SentriLock does, however, offer a couple of options that members could utilize with your current keybox(es). If you or someone you know has an extra keybox available, it may be shared with other members. Please see the options below for an additional resource.

Option #1 - If you choose to allow a co-worker to borrow a lockbox, with you keeping ownership of this lockbox, you can give another person a one-time Shackle Release Code to use.

Open the SentriKEY app

In the top left menu, select My Lockboxes

Choose Release Shackle

Select the Get Release Shackle Code option

OR

Option #2 - If you choose to add someone to your team, this will allow them to manage one or more of your lockboxes so that they will have the ability to do the following:

Release the shackle

Assign/unassign the lockbox to and from a property

Obtain One Day Codes

To add someone to your team, follow these steps:

Login to tulsarealtors.com

Choose SentriLock

From the option on the left side of the screen, select Agent Team and select Add

Any questions, please contact Rachel@tulsarealtors.com.


Effective immediately, Corelogic is increasing our photo limit from 36 to 50.

All staff are working remotely, which has enabled us to continue the association and MLS operations. We have also sent letters to all surrounding municipalities requesting real estate to be deemed essential business (Click to View Sample of Letter) in the event the decision is left up to local municipalities. The letter to The Honorable G.T. Bynum is included as a sample.

Our support staff is currently working on setting up Zoom Rooms so we will have the ability to offer classes on-line for both CE and non-CE classes. We will also provide recorded instructional videos to our members that do not have the ability to be live with classes. OREC has approved and will allow for this type of education from course providers during this time.

Our staff liaisons will continue to communicate with committee chairpersons and when the need arises, they will also have the ability to create a virtual meeting to ensure all business is addressed and handled as needed.





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. Under the terms, eligible businesses (500 employees or fewer) can get up to $10 million toward mortgage interest, rents, utilities, and payroll costs. A portion of these loans will be forgivable.

 “We worked with the drafters of this legislation to ensure that independent contractors and those living on a commission-based income will be eligible for the loans as well as the forgiveness provision,” said Shannon McGahn, senior vice president of government affairs for NAR.

 The self-employed and independent contractors are also included in a dramatic expansion of unemployment insurance that could provide benefits for up to 39 weeks. These workers are not usually covered under traditional state unemployment benefit programs.

 In addition, the bill contains:

A delay in payment of employer payroll taxes, with half due by the end of 2021 and the other half due by the end of 2022;

$500 billion to support large businesses like airlines affected by the virus

A one-time payment of $1,200 to most adult Americans and $500 per child


 “This is the largest financial rescue package in our nation’s history,” McGahn continued. “Combined with two other relief packages that have already been signed into law and a likely fourth bill in the near future, this action represents a seismic and definitive action to help Americans and the economy through this national emergency.”

 “We have worked closely with Congressional leaders and the administration during the past several weeks to ensure all three bills bring relief to the self-employed, independent contractors, and small businesses,” McGahn said. “The real estate industry is responsible for millions of jobs and is key to our national recovery.”

 NAR will provide a complete analysis of the bill and how it affects REALTORS®. Watch for regular updates on nar.realtor.



Stay up to date with these resource links to OAR, NAR and OREC

COVID-19 RESOURCES FOR REAL ESTATE PROFESSIONALS

NAR/Realtor/Corona Virus

OK Realtors/Corona Virus


OREC

City of Tulsa Corona Virus Resource Center

COVID-19 Oklahoma Commerce

Centers for Disease Control and Prevention


 
Tulsa Association of REALTORS
Tulsa Association of REALTORS
(918) 663-7500
11505 E 43rd Street Tulsa OK 74146
no name available Tulsa Association of REALTORS