CLEARFIELD JEFFERSON ASSOCIATION OF REALTORS®
Financial FAQs from PAR.
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LICENSE RENEWAL
We have an update from the Pennsylvania Department of State’s Bureau of Professional and Occupational Affairs to share. The bureau announced a delay for real estate license renewals and continuing education requirements. The deadline for renewals and CE will now be Saturday, Aug. 29, 2020. PAR has been advocating for this extension for its members and we're happy to see that the Bureau agreed.
The ongoing debate amid the COVID-19 pandemic is whether real estate should be classified as life sustaining. Under the order by Gov. Tom Wolf, all non-life sustaining businesses in Pennsylvania were asked to close their physical locations as of 8 p.m. on March 19 to slow the spread of COVID-19. Real estate services were not categorized as life sustaining.
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. For residential real estate transactions, the new rule only applies to transactions that were already in process at the time of the governor’s declared state of emergency due to the coronavirus pandemic on March 6.
The governor’s office has received more than 15,000 requests for waivers and has reviewed less than half of them. And without a public database of waiver requests and responses, there are no specifics available on why one company may have been granted a waiver and one has not. In the meantime, PAR leaders are telling Realtors® to follow the governor’s orders to cease doing in-person business.
PAR's Legal Hotline continues to receive many questions about the impact of the governor's order on real estate. Please visit PARealtors.org/coronavirus for the most up-to-date information. You can submit an inquiry on that page to receive a response from the PAR Legal Hotline.
