COVID19 News

COVID-19: Updates from RI REALTORS®

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and VISIT OUR FAQs for more details!

Last updated: 4/3/20

MOST RECENT NEWS

Secretary Gorbea Announces Remote Online Notarization to Enable Business to Continue During COVID-19 Emergency


Act now to apply for your SBA disaster loan. Get an advance of up to $10K. Quick details from USChamber.com here.

Another new loan program for small businesses: Rhode Island Commerce, in partnership with Local Initiative Support Corporation (LISC), the Rhode Island Hospitality Association and Bank Newport, is launching a short-term bridge loan program for our restaurants and smallest businesses (1 to 10 employees) affected by coronavirus closings or restrictions.

The program is funded through $1 million from the Rhode Island Commerce Corporation’s Small Business Loan Fund and $1 million from Bank Newport.

Loan details: Loans will have zero percent interest. You can apply for these loans starting Friday, April 3, through the LISC website. There’s a three step process.

  1. Apply for SBA funding Before you apply for a microloan, you have to show that you’ve already applied for federal SBA funding. Do not wait to apply. Call 521-HELP if you have questions.
  2. Complete LISC application. You can apply for these loans starting Friday, April 3, through the LISC website.
  3. Complete credit check and loan paperwork. Staff from the Small Business Loan Fund will contact you to complete the final loan paperwork and complete the loan award.

NAR Offers Members TeleHealthSM to Realtors® at No Cost


Independent Contractors: Sign up for updates about COVID-19 Emergency Unemployment Insurance applications.

*NEW*: NAR Releases Unemployment Assistance CARES Act FAQ

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) signed into law on March 27, 2020, provides relief to families, small businesses, and individuals who are self-employed and independent contractors. A key provision in the law creates a temporary “Pandemic Unemployment Assistance” program that extends unemployment benefits to those not traditionally eligible, including self-employed individuals. Below is a summary of the program that will be updated with guidance anticipated from the U.S. Department of Labor (DOL).

Click here for the new FAQ


Governor Updates: On March 28th, Governor Raimondo issued a stay at home order for all of R.I. through April 13th. “If you’re not getting food, medicine, gas or going to work, you need to be staying home,” she said. She also restricted gatherings to five people or less. REALTORS are still allowed to have individual showings with buyers – no more than five at the showing, preferably less.

  • Also see: Governor Raimondo has ordered  those coming from out of state to Rhode Island to self-quarantine for 14 days.  Please see question #18 on the FAQs for specific instructions for REALTORS.

Financial Relief: Coronavirus Aid, Relief, and Economic Security Act passed and signed by President March 27th. Resources for Rhode Island independent contractors and self-employed individuals can be found on the RI Department of Labor and Training (DLT) website. Other resources: NAR’s CARES Act breakdown for REALTORS, and U.S. Senate Committee on Small Business and Entrepreneurship Guide to the CARES Act. 


RI REALTORS® Classes:

There will be no in-person meetings, events or classes held by RI REALTORS® through April 30th. Please view the RI REALTORS® Professional Development Center’s Class Schedule to determine if an April class has been cancelled, postponed or will be delivered via live broadcast.


Information REALTORS® Need to Know:

This page and the pages below will be continually updated as information becomes available.

Thank you for your patience during this challenging time. Please check this website often for updates. If you have further questions after reviewing this information, please email covid19@rirealtors.org.

For legal questions, please contact Monica Staaf – General Counsel at 401-432-6945 or monica@rirealtors.org.

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Leann D'Ettore
Leann D'Ettore

Stay positive everyone! RIAR leadership and staff are all working hard to find solutions for every single hitch that threatens our ability to continue serving our clients during these unique circumstances. Please post you concerns here and we will do our best to work together to make the best of it and find the best solutions for everyone.

Jean Michael
Jean Michael

RI Governor is mandating that as of today 3/22/2020 No Open Houses are allowed. Why is RIRealtors.org saying differently such as it’s at the realtor and sellers discretion to do them limiting to ten people at a time?

RI REALTORS - Staff
RI REALTORS - Staff

Hi Jean, contrary to what you may have heard on the news, the Gov. requested that we ask members to stop holding open houses. Legally, if agents/owners can limit the open houses to less than 10 people at a time, they are allowed to hold them. However, RAIR does not recommend it. Please see here for more information: https://www.rirealtors.org/riar-mls-ask-realtors-to-refrain-from-holding-open-houses/

Monica Staaf
Monica Staaf

Check out the new COVID-19 Addendum to Purchase and Sales Agreement under REALTOR® SPECIFIC INFORMATION on this page. Please contact me with any questions at monica@rirealtors.org. I have worked with Rhode Island REALTORS® for nearly twenty years because I admire you for your entrepreneurial spirit, creativity, and the care that you provide to your clients and customers. For those of you who are newer to real estate, please know that REALTORS®, over the years, have survived the banking crisis, 9/11, double digit interest rates, recessions, and many other challenges. We’re all working together – leadership, staff, and you – to… Read more »

Benjamin Newcomb
Benjamin Newcomb

This is exactly why we have to catch up to speed with the overwhelming majority of markets and move to online deeds, SUPRA or other lockboxes, and virtual closings! There is a huge opportunity here to get us up to speed with better technology, increased access/productivity-> it’s time we evolve in RI. I know we are a stubborn bunch, but the rewards are so clearly attainable.