Caps imposed on EIDL loans

On Friday, April 10, the SBA announced a change to how it will administer EIDLs and the advance grants. In order to meet the high demand and provide funds to the greatest number of applicants, the SBA is reducing the cap on the loans from $2 million to $15,000, and the advance grants will be $1,000 per employee, capped at $10,000. The $15,000 is in addition to the advance loan of up to $10,000.

College Scholarship Application

We are offering two $1,000 scholarships to graduating high school seniors from any high school in Newport County RI.  Here is the application link Scholarship App

NAR Offers Members TeleHealthSM to Realtors® at No Cost

The National Association of Realtors® is expanding access to Members TeleHealthSM at no cost to its members for those who register before April 15.

Members TeleHealthSM provides around-the-clock access to non-emergency healthcare from more than 2,300 board-certified U.S. physicians. Common issues addressed through telemedicine include allergies, asthma, rashes, joint aches, flu and nausea, among others.

What should REALTORS® do when renting or selling to a tenant or buyer from another state?

On March 28th, the State of Rhode Island issued a notice to REALTORS® letting them know they should furnish renters/buyers coming to Rhode Island with an advisory regarding the Governor’s orders. REALTORS® are also instructed to instruct renters/buyers from another state to sign an addendum when signing the rental agreement, lease or deed. The restrictions do not apply to public health, public safety or healthcare workers.

Code of Ethics

NAR has changed their renewal policy.  We are in Cycle 6 which means you have from January 1, 2019 – December 1, 2021 to complete your COE course. This will give you 3 CORE credits and your mandated COE class.

RENEW your Sales License by May 31, 2020

The Dept of Business Regulation has a NEW process this year.  There is a link on their home screen to click on to renew your license by April 30, 2020.  You will need to upload all of your certificates from approved classes to show you completed the 24 credits.  The 24 credits consist of 18 approved class and 6 CORE credits.  These certificates must be dated from May 1, 2018 through April 30, 2020 to be accepted. Follow this DBR link for more help! Quick License Renewal