The Fire Chief has informed Realtors that the inspections for smoke certificates should be done as the final inspection for the sale of a property. Too often, other inspections, like past or present permits have not been completed and/or closed. Listing agents should to do a ‘search for outstanding permits‘ when listing a property and have the property owner complete them before a fire inspection is ordered as the fire inspections will not happen until all permits on the property are closed. Here is the search link PERMITS
Executive Orders: Face Masks
- Happy 4th of July weekend!! Pleass be safe. Effective Saturday, April 18, all employees of customer-facing businesses MUST wear a facemask to go into the office or workplace unless an (more…)
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.
ALL unemployment insurance applications now available
Unemployment insurance applications – including those for independent contractors, self-employed and gig workers – are now available on the RI Dept. of Labor and Training website. Additionally, all who receive unemployment insurance will be eligible for an extra $600 benefit/week from the time of the first check through July 31st.
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.
