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March 16, 2020

MAR Extends Class & Event Cancellation Through May 10

***Following CDC guidance on 3/15/20 MAR will extend its Board decision to cancel all in-person classes, meetings and events through May 10, 2020.***

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Due to recent developments surrounding the coronavirus (COVID-19) and its spread, MAR is cancelling all in-person classes, meetings and events through May 10. The Board took the action as a proactive measure to protect the health of its members and staff. MAR is continually monitoring the situation and will keep members updated on the latest developments.


This decision also impacts the 2020 Realtor® Summit, which was scheduled on April 29 and is now cancelled.


Registrants of the cancelled classes and events will automatically receive a refund. Refunds typically appear within 10 business days on your bank statement.

We encourage you to utilize the online courses we offer through The CE Shop at this link.


As of now, all of MAR’s classes and events after May 10 are going on as planned, but we will continue to review that decision as the coronavirus situation evolves.

More information can be found here.

 

REALTOR® Summit 2020 Cancelled

Due to the latest guidelines from the CDC, we will be cancelling REALTOR® Summit 2020. Registrants will automatically receive a refund.

 

Housing Day at the Capitol Cancelled

Update from MNR and Housing First:

"Member and community safety are our top priorities. Because of health concerns for legislators, staff, and our members, we have decided to cancel Housing Day at the Capitol on March 23. If you registered, you will receive an automatic refund on your ticket, which you should see reflected in your bank statement within 10 business days."

More information can be found here.
 

In-person Classes Cancelled 

Due to the latest guidelines from the CDC, we will be cancelling all classes and events through May 10, 2020. Although in-person classes are cancelled, you can still find classes through The CE Shop.
 

Advocacy Update

Coronavirus Emergency Legislation - What REALTORS need to know

Congress is speeding toward passage of emergency corona virus legislation. The bill passed by a wide margin early Saturday in the House and is headed to the Senate next week, where it is expected to pass easily. You can find a summary prepared by NAR staff here.

Additional information can also be found here.
(Note: you will need to login to NAR's website.)

Advanced Notice of Sale for ‘Affordable MF’ Properties – Minneapolis 

The City of Minneapolis has posted an FAQ and the required forms for rental property owners to remain in compliance with their Affordable Housing Building Sale Ordinance, which requires any owner who intends to sell a building (5+ units) with affordable units to notify the City of Minneapolis by emailing advancenotice@minneapolismn.gov and to notify residents of the building by posting a notice conspicuously in the building’s common area at least 60 days prior to making the building available for sale. In addition, Whenever ownership of an affordable housing building is transferred or conveyed to a new owner, the new owner must deliver written notice to each affordable housing dwelling unit renter of the building that the property is under new ownership. Affordable housing dwelling unit tenants may also be entitled to 
 
  • relocation assistance from the new owner if they terminate or do not renew your rental agreement without cause within the three (3) month renter protection period commencing with the transfer of sale.
  • relocation assistance from the new owner if you terminate rental agreements as a result of rent increases or through a renter rescreening process within the three (3) month renter protection period commencing with the transfer of sale.
 

MLS FEES ARE DUE MARCH 31, 2020

 

Market Reports

A report released this week from property management software firm RealPage predicts a total of 371,000 new apartments to enter the market in 2020, which would be the highest level across the country's 150 largest apartment markets in three decades. More info

See our website for all market stats. 
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