Skip to content
Bay East Association of Realtors logo
  • Join
  • Paragon/MLS
  • zipForm®
  • Tech Support
  • BE on Demand
  • My Bay East Portal
  • About Us

    About Bay East

    • The Bay East Culture
    • Staff Directory
    • Careers
    • Annual Report
    • Bay East in the News
    • Bay East Foundation

    Advocacy

    • Your Voice in Government
    • Fair Housing
    • Housing + Public Policy Statement
    • REALTOR® Action Fund

    Volunteer Leadership

    • Board of Directors
    • Volunteer Opportunities
    • Bay East Foundation Trustees
    • Leadership Opportunities
    • Past Presidents
  • Membership

    Join Bay East

    • Become A Member
    • Honorary Membership
    • Member Benefits

    Resources

    • Affiliate Resources
    • Broker Resources
    • New Member Resources
    • Newsletter / Video Gallery
    • REALTOR® Safety
    • Store

    Forms

    • Transfer Forms etc

    C.A.R. Resources

    NAR Resources

    Dre Resources

    Professional Standards

    • Professional Standards Programs
    • Professional Standards Support
    • NAR Code of Ethics
    • Using REALTOR® Trademark
    • Commitment to Excellence
  • MLS and Tools

    Disclosures and Disclaimers

    Community and Statistics

    • City Information
    • Real Estate Market Statistics

    mls

    • What's New
    • Tools
    • Tech Support
    • MLS Classes and Training
    • IDX Services
    • Data Share Coverage
    • Rules and Forms
    • Supra Key and Lockbox

    Marketing Meetings

    • Meeting Information
    • AIMM
    • CCMG
    • REAL
    • TCMC
    • VREN
    • TOURSHEETS
  • Education

    Education Program

    • Bay East on Demand
    • Education Advantage
    • MLS Classes

    C.a.R. Online Courses

    NAR Designations

    Instructors

    • Meet the Instructors
    • Instructor Application
  • Consumers

    Why Use A REALTOR®?

    Discover the value a REALTOR® brings to your real estate journey. From expert guidance to trusted advocacy, REALTORS® help you make informed decisions with confidence.

    Learn More

    Find a REALTOR®

    Find a Home

    CONSUMER GUIDES TO HOME BUYING AND SELLING

    Find an Affilitate

    • Affiliate Services Guide

    REALTOR® Ethics

    • File Ethics Complaint
    • Code of Ethics

    Bay East Foundation

    • About the Foundation
    • Scholarships
    • Support Foundation
    • Get Involved
  • Networks/Events

    Marketing Meetings

    • Meeting Information
    • AIMM
    • CCMG
    • REAL
    • TCMC
    • VREN
    • TOURSHEET

    Global Networks

    Foundation

    • About Foundation
    • Members Helping Members
    • Scholarships
    • Get Involved
    • Support the Foundation

    Events

    • Mid-Year Checkup & Tune-Up: Get Back on Track and Finish 2025 Strong - June 4
    • Webinar - Every Person, Everywhere: Keeping Housing Fair - June 5
    • YPN Mixer - Almanac Beer Co - June 19

    Sponsorships

    • Innovation 2025
  • Calendar
We've been notified by Paragon developers that some users are experiencing delays, bounce-backs, or non-delivery of emails sent to Yahoo and AOL domains. Please note that emails to other major providers are unaffected and continue to be delivered as normal. If you or your clients have an alternate email address, they recommend using it to avoid disruptions.
Back to All News

❉ COVID-19 Emergency Legislation – What NAR is Doing and What REALTORS® Need to Know

News
Posted on March 17, 2020

https://www.nar.realtor/political-advocacy/coronavirus-emergency-legislation-what-realtors-need-to-know

H.R. 6201 “Families First Coronavirus Response Act” is emergency legislation that covers family medical leave, paid sick leave, Medicare, Medicaid, health insurance and unemployment benefits is making its way through Congress.  The National Association of REALTORS® (NAR) Advocacy Team worked with Congressional leaders to include help for self-employed professionals and other small business owners in the bill.  NAR says robust measures supporting those groups were included.

NAR reported this bill focuses on employment issues and they anticipate legislation targeting the overall economy to come later.

Read more information from NAR about HR 6201.

NAR prepared the following summary of each provision:

Family Medical Leave Expansion

  • Allows up to 12 weeks of certain virus-related family medical leave through the end of 2020
  • Covers employees at businesses with between 50-500 employees
  • Provides a refundable tax credit for eligible self-employed individuals equal to their qualified family leave equivalent
  • Provides employers with a refundable tax credit equal to certain family leave wages paid to employees

Paid Sick Leave Expansion

  • Allows two weeks of certain virus-related paid sick leave through the end of 2020.
  • Covers employees at businesses with fewer than 500 employees
  • Provides a refundable tax credit for eligible self-employed individuals equal to their qualified sick leave equivalent
  • Provides employers with a refundable tax credit equal to certain paid sick leave wages paid to employees

Medicare, Medicaid, Health Insurance and Unemployment Changes

  • Requires insurers, Medicare, Medicaid, and other federal health programs to fully cover testing and related services for COVID-19, without cost-sharing
  • Increases funding to Medicaid to help cover uninsured populations
  • Provides additional funds for certain programs aiding elderly Americans
  • Increases funding for emergency transfers to state unemployment programs and increased flexibility for states to modify unemployment policies based on effects of COVID-19, such as waived work search requirements

Tax Credits

Refundable tax credits are considered especially generous since any amount above taxes due is paid in the form of a refund. The payroll tax credit provided to employers will provide cash to them relatively quickly as it is creditable against their portion of an employee’s Social Security tax liability, which is generally due monthly or semi-weekly. And since most self-employed persons are required to pay quarterly estimated tax payments, they will not have to wait until the end of the tax year to see the cash.

Many of the tax credits and benefits mentioned above have limits and/or qualifications, so we encourage you to explore NAR’s comprehensive briefing document for more details.

Related Posts

❉ New Fraud Alerts: Cryptocurrency Scam and Rising Deed Fraud Targeting Real Estate Professionals ❉ Member Safety: Domain Listing Scam Targeting NAR Members ❉ Communicating with Consumers About Class Notice ❉ Buyer Agreements Guide and Updated FAQs ❉ C.A.R. Sets the Record Straight
Bay East Association of Realtors logo Copyright 2021 © Bay East Association of REALTORS®
  • Privacy Policy
  • Terms of Service
  • DMCA Notice
  • Accessibility Assistance
  • Webmaster

7021 Koll Center Parkway

Pleasanton, CA 94566

925 730 4060

Get Directions »

  • Contact Us
  • Media Resources
  • Sitemap
  • Feedback
Facebook Twitter Instagram Youtube Linkedin