The landscape of the real estate industry is changing drastically with each day that passes during the COVID-19 pandemic. We are sharing the latest news, updates, information, and resources available for real estate professionals as well as sellers and potential buyers.
For Real Estate Professionals
Real Estate License Renewal and CE Requirements Extended
"License renewal and continuing education requirements for real estate brokers and salespersons have been delayed 90 days, according to the Pennsylvania Department of State’s Bureau of Professional and Occupational Affairs.
The bureau announced the delay today as a result of the coronavirus pandemic. Renewals and continuing education requirements will now be required by Saturday, Aug. 29, 2020."
PAR Officers: Follow Governor's Order
“'During this crisis, the governor’s order is clear that Realtors® can only do business if they can conduct it from their home. That means you shouldn’t be leaving your house to do any type of business activities. You can, however, contact clients via telephone or electronically. You could still take listings and offers, but you can’t go through a house –even if it’s vacant– to take photos or a video,' said PAR President William Festa."
Governor Authorizes Temporary Use of Remote Online Notarization
"A temporary notarial rule suspension to allow for remote online notarization of documents in a limited category of real estate transactions was approved by Gov. Tom Wolf this week."
Open House Guidance During COVID-19
"First, members should consult with their brokers, and consider how federal, state and local authorities' recommendations and actions, such as “shelter in place” mandates, impact the advisability, and even permissibility of open houses."
"License renewal and continuing education requirements for real estate brokers and salespersons have been delayed 90 days, according to the Pennsylvania Department of State’s Bureau of Professional and Occupational Affairs.
The bureau announced the delay today as a result of the coronavirus pandemic. Renewals and continuing education requirements will now be required by Saturday, Aug. 29, 2020."
PAR Officers: Follow Governor's Order
“'During this crisis, the governor’s order is clear that Realtors® can only do business if they can conduct it from their home. That means you shouldn’t be leaving your house to do any type of business activities. You can, however, contact clients via telephone or electronically. You could still take listings and offers, but you can’t go through a house –even if it’s vacant– to take photos or a video,' said PAR President William Festa."
Governor Authorizes Temporary Use of Remote Online Notarization
"A temporary notarial rule suspension to allow for remote online notarization of documents in a limited category of real estate transactions was approved by Gov. Tom Wolf this week."
Open House Guidance During COVID-19
"First, members should consult with their brokers, and consider how federal, state and local authorities' recommendations and actions, such as “shelter in place” mandates, impact the advisability, and even permissibility of open houses."
For Buyers and Sellers
Recession Alert: What Home Buyers, Sellers Need to Know About the Housing Market
"While it doesn't look like it will be business as usual anytime soon, home prices aren't expected to fall off a cliff and low mortgage rates may help buoy home sales. At least that's what experts are saying this week. But this is a fast-moving, unprecedented crisis, and no one knows yet how it will all play out."
Coronavirus: Resources for Property Owners
"The following resources provide property owners with assistance during the COVID-19 crisis."
Should You Buy a House During the Coronavirus Pandemic?
"While low interest rates seem like a sure-fire reason to pull the trigger on a big purchase, there are plenty of factors to consider before you take the housing plunge."
"While it doesn't look like it will be business as usual anytime soon, home prices aren't expected to fall off a cliff and low mortgage rates may help buoy home sales. At least that's what experts are saying this week. But this is a fast-moving, unprecedented crisis, and no one knows yet how it will all play out."
Coronavirus: Resources for Property Owners
"The following resources provide property owners with assistance during the COVID-19 crisis."
Should You Buy a House During the Coronavirus Pandemic?
"While low interest rates seem like a sure-fire reason to pull the trigger on a big purchase, there are plenty of factors to consider before you take the housing plunge."
