March 24, 2020
Dear Wake County Commissioners,
First and foremost, thank you for your positive and quick response to our letter urging the real estate industry be deemed as an essential service throughout Wake County.
We understand the power and importance of the real estate industry in our community, not only as an economic driver, but also as something that is vital to our families and their health, safety, and well-being.
One of the key factors for the real estate industry is to maintain continuity of operation. There are nearly 7,500 pending/contingent properties in our local multiple listing service, these families could be left without adequate shelter if they were unable to complete their purchase.
Industries assisting families seeking the shelter and security of a home, must continue to be considered “essential businesses” and all activity to acquire that necessity must be considered an “essential activity” to ensure the health, safety, and security of all our citizens seeking the shelter of a home.
Raleigh Regional Association of REALTORS® continues to closely monitor the situation and is providing guidance to our members to limit public exposure during the home buying process and providing tools to conduct business while practicing social distancing. Our Association has set up multiple local and national best practice guides for our members to follow, as well as regular updates from our staff and leadership.
Our top priority is the health and safety of our members, staff, and Wake County community at large. We understand this pandemic will have an impact on the real estate industry and the economy, but a complete shutdown of real estate services would be detrimental to our community. If we can keep the processes running as smoothly as possible, we can work together to limit the negative effects on our community, its citizens, and the local economy.
Thank you once again for your leadership during these times,
2020 President, Raleigh Regional Association of REALTORS®
Chief Executive Officer, Raleigh Regional Association of REALTORS®
March 23, 2020
The Honorable Greg Ford
Chairman of the Wake County Commissioners
On behalf of the 8,500 REALTORS® in Wake County, we commend you for your leadership during the ongoing COVID-19 pandemic.
Every day, the timeline of this pandemic and its potential repercussions evolve as more information is known. In addition to health and safety concerns you are addressing, our Association is also concerned about the potential impacts the circumstances will have on homeowners and other property owners who are in the process of buying and selling property.
With more shutdowns and limitations on local and state government services to come, we respectfully request that you minimalize the potential interruptions to the real estate industry. We hope to ensure that real estate services are authorized to continue in a way that protects the health and safety of all involved while protecting the county and its citizens economic framework.
Other North Carolina Counties, such as Buncombe County, have passed resolutions to recognize and include as essential operations those which are vital to a real estate transaction. They include, but are not limited to, title searches, permitting, inspections, construction, and especially the transfer and recordation of ownership.
The ability to close real estate transactions includes certain requirements and deadlines. The impact, both on the lives and finances of property owners, is substantial and can be avoided if essential services are allowed to be continued. There will be enough economic harm from this pandemic without adding the shutdown of real estate transactions.
NC REALTORS® across the state are working with our local associations to closely monitor and assist local governments with keeping these functions operational. We understand this pandemic will have an impact on the real estate industry and the economy; if we can keep the processes running as smoothly as possible, we can work together to limit the negative effects on our State.
2020 Raleigh Regional Association of REALTORS® President
2020 NC REALTORS® President