Urgent news for your transactions! CAR just released NEW Coronavirus form

C.A.R. released the following message on March 17, 2020:

C.A.R. just released NEW Coronavirus form We know many of you are in the middle of, or about to enter into transactions that may be affected by the coronavirus situation. In response to this unprecedented crisis, we are pleased to inform you that C.A.R. has just released a new form called the Coronavirus Addendum/Amendment (Form CVA). It will be in zipForm® tomorrow but in the meantime you can download it here and use it in your transactions. The form provides that when circumstances related to the coronavirus are affecting the closing date, the Buyer and Seller agree to extend escrow for a default of 30 days. There is also an optional clause where the buyer and seller can mutually agree to cancel the Agreement and an additional optional clause where the buyer or seller can cancel even after removing the loan contingency if inability to fund is caused by Covid-19 related loss of income. This form can be used either as an amendment to a contract that is already in place or as an addendum to a contract that has not yet been formed. To help you better understand this new form, C.A.R. Legal is offering a free webinar tomorrow, March 18, at 3 p.m.. Additionally, we are offering a zipForm® webinar tomorrow at 11 a.m. about using zipForm® Plus in a paperless world.

COVID-19: Open Houses and Showings

Yesterday, the Association sent out information regarding Broker Tour and Open Houses, and in following with the policies and the mission statement of the Association, we gave the recommendation that you heed the direction of your local, state, and national governmental entities regarding the COVID-19 outbreak.

Based on the March 16 directive to Shelter in Place until April 7, we strongly recommend that you do NOT hold Open Houses or Broker Tours, but consider other alternatives using technologies to host "virtual showings," like video chat on your mobile phone, so clients can experience an open house as if they were in person.

By clicking below, you may view the final order of the Shelter in Place for Alameda County, which states: "Order of the Alameda County Health Officer to "Shelter in Place." Violation of or failure to comply with this Order is a misdemeanor punishable by fine, imprisonment, or both. (California Health and Safety Code § 120295, et seq.)"

Click here to view the Final Order.

We also suggest you continue to seek the advice of your broker.

This is an ever-changing situation and your Association and MLS are here for you during their normal business hours: M-F, 9 am - 5 pm.

Bridge AOR: Call 510-848-4288 or email staff@bridgeaor.org

bridgeMLS: Call 925-363-2333 or email support@bridgemls.com

Thank you,

Eric Wong, 2020 President & DaVina Lara, CEO

Coronavirus Update: All live events canceled through March 2020

Due to rising concerns of the coronavirus in the Bay Area, Bridge Association of REALTORS® and bridgeMLS will not hold any live training classes, marketing meetings, events, or educational courses for the remainder of March. All committee meetings will take place remotely.

We are currently working to reschedule events and classes for a later time. If you have registered for any Bridge AOR or bridgeMLS events/trainings in March, we will be contacting you with rescheduling information.

In response to the growing concerns about COVID-19, commonly referred to as coronavirus, NAR has created a coronavirus guide for REALTORS®.

Thank you,

Eric Wong, 2020 President & DaVina Lara, CEO