How does Covid 19 effect Wa Realtors?

 

Covid 19 and Washington Realtors

With the new Covid 19 Pandemic Governor Jay Inslee has issued a Stay at home and stay healthy order in Washington State. This order went into effect the day after we shot this video and we were able to reach out to buyers online. We managed to get this house under contract during this order. However, the next questions are:

 

How will Covid 19 Impact Real Estate Sales in Washington State?

Now that we have the house under contract we still need to get through the Home Inspection, The Appraisal, and reach the closing table. The Washington Association of Realtors added a new form for Realtors to use in the Purchase and Sale Agreements that brings up the fact that computation of time may be affected by Covid 19. After all, what do you do if the state says it’s illegal to perform the nonessential tasks?

 

Stay at Home and Stay Healthy Rules & WA Realtors

BREAKING NEWS – GOVERNOR ISSUES NEW GUIDELINES

 
According to the Washington Realtors WEBSITE:

“Washington REALTORS®, your voices were heard! WR Staff and Leadership have been working with Governor Inslee’s office to address the 17,000+ transactions in the pipeline and the needs of other buyers and sellers eager to enter a purchase and sale agreement. We have good news! Thanks to the hard work of our Government Affairs team, WR’s strong leadership team, and Governor Inslee’s compassionate and decisive action, he has issued an important memo creating an opportunity for pending transactions to close and allowing limited marketing and brokerage services to prospective buyers and sellers. His order allows inspections, appraisals and walk-throughs to take place under very strict conditions described below and in these REVISED FAQs.”

According to the Washington Association for Realtor’s website:

“To be clear, brokers still must comply with the Stay Home, Stay Healthy mandate and with extremely limited exceptions are to conduct real estate business from your homes to halt the spread of the Covid-19 virus. For example, brokers will be allowed to meet one-on-one with a client when no other alternative is available, but in no event may more than two people be onsite at a property, including the owner/occupants and the real estate broker. Additionally, social distancing protocols must still be observed and every effort to sanitize surfaces touched must be taken. This also applies to appraisers and inspectors. Private showings are allowed under these new guidelines but again, they are strictly limited to two people on site, including the REALTOR®, as well as following all CDC social distancing and hygiene protocols.

Please study these REVISED FAQs and fully understand how you may conduct business under these new guidelines. Look for additional explanatory videos and messages from WR President Kitty Wallace, Legal Hotline attorney Annie Fitzsimmons, and others.”

Washington Realtors and Covid 19 Restrictions

Accoring to the Washington Association of Realtors and directive from the governor’s office, the following restrictions are imposed on Real Estate Brokers until April 6th or later if extensions are granted.

“The protocols that must be followed for the permitted in-person activities include:

  • In-person activities must be by appointment only;
  • No more than two people, including the broker, maybe at the property at any one time; and
  • Those two persons must strictly follow social distancing guidelines established by the Centers for Disease Control and Prevention (“CDC”) by remaining at least six feet apart at all times.

The revisions to the Order are limited to allow the following in-person activities, provided the above protocols are followed:

  • Previews and showings of listings by appointment only;
  • Listing presentations, photography, and creating virtual tours for new listings [Note: professional photographers are not considered “essential,” thus all photos must be taken by the broker or seller];
  • Inspections for pending transactions;
  • Appraisals for pending transactions;
  • Buyer “walk-throughs” for pending transactions prior to closing; and
  • Providing keys to buyers at closing.

No other in-person real estate brokerage activities are permitted.”