Are any commercial brokers filing for unemployment under the new Stimulus Bill?
Just curious to see what others are doing. My guess is that I won’t be able to show any properties for at least another 1-2 months. I’m based in NY.
[{"id": "flqz9k8", "text": "Not sure if independent contractors or self employed qualify since nothing was paid into your unemployment insurance fund. That is paid by the employer. You may want to ask r/tax if you even qualify.", "replies": [{"id": "flr1aqt", "text": "The stimulus bill just passed specifically allows independent contractors to receive unemployment benefits", "replies": [], "depth": 2}], "depth": 1}, {"id": "flr2irc", "text": "1099\u2019s qualify for pandemic unemployment assistance. There isn\u2019t a lot of info on it yet, besides that they will allow 1099\u2019s to receive federal assistance up to $600 per week for 4 months.", "replies": [], "depth": 1}, {"id": "flr3wam", "text": "Reach out to your lenders - they are well plugged into the terms and requirements for the loans which are being offered to small businesses including independent brokers. We have multiple lenders who work in SBA loans who are tracking options and updating our brokers across the country currently so we know what to do however the Bill has changed so often that we likely won't have any definitive info until next week sometime.\n\nAsk NY's unemployment department or check online FAQs - you aren't the only one with the need or questions and I'd bet as soon as they know, they'll have info on their websites or call in lines.", "replies": [{"id": "flsnauz", "text": "Thank you. I am hoping there is more info on their website next week.", "replies": [{"id": "flszzhq", "text": "The lenders hope so too! If you need some to talk to, I've got several that are helping put together the packages at no charge so PM me.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "flr5ivw", "text": "Wouldn't you need to be...like...applying for jobs and stuff?  If you really need to then go for it, but if you're planning to continue in your career it seems like it could be problematic.", "replies": [{"id": "fls9v6k", "text": "They have waived job search requirements I beleive.", "replies": [], "depth": 2}], "depth": 1}, {"id": "flr90u4", "text": "really?", "replies": [], "depth": 1}, {"id": "flrbywo", "text": " [https://www.congress.gov/bill/116th-congress/house-bill/748/text?q=%7B%22search%22%3A%5B%22cares+act%22%5D%7D&amp;r=1&amp;s=6](https://www.congress.gov/bill/116th-congress/house-bill/748/text?q=%7B%22search%22%3A%5B%22cares+act%22%5D%7D&amp;r=1&amp;s=6) \n\n Unemployment Compensation in the CARES Act\n\nSection 2102 of the CARES Act provides individuals who are not already eligible for state and federal unemployment programs\u2014but would be able to work in the absence of the coronavirus outbreak\u2014a set amount of unemployment compensation. For example, unemployment benefits would be extended to self-employed workers, independent contractors, and those with limited work history for up to 39 weeks of employment through the end of 2020, fully funded by the federal government. Importantly, the provision excludes those employees who are able to telework with pay or receive some form of sick leave or other paid-leave benefits. [https://www.natlawreview.com/article/cares-act-expansion-unemployment-insurance-and-benefits](https://www.natlawreview.com/article/cares-act-expansion-unemployment-insurance-and-benefits) \n\n&amp;#x200B;\n\n [**TITLE II\u2014ASSISTANCE FOR AMERICAN WORKERS, FAMILIES, AND BUSINESSES**](https://www.congress.gov/bill/116th-congress/house-bill/748/text?q=%7B%22search%22%3A%5B%22cares+act%22%5D%7D&amp;r=1&amp;s=6#H89CA7BC4194048FF99B5C8B1B4285A21)[**Subtitle A\u2014Unemployment Insurance Provisions**](https://www.congress.gov/bill/116th-congress/house-bill/748/text?q=%7B%22search%22%3A%5B%22cares+act%22%5D%7D&amp;r=1&amp;s=6#H8F9B8B3A6A3041C1A9E0583C15754F33)\n\n**SEC. 2101.** **SHORT TITLE.**\n\nThis subtitle may be cited as the \u201cRelief for Workers Affected by Coronavirus Act\u201d.\n\n**SEC. 2102.** **PANDEMIC UNEMPLOYMENT ASSISTANCE.**\n\n(a) Definitions.\u2014In this section:\n\n(1) COVID\u201319.\u2014The term \u201cCOVID\u201319\u201d means the 2019 Novel Coronavirus or 2019-nCoV.\n\n(2) COVID\u201319 PUBLIC HEALTH EMERGENCY.\u2014The term \u201cCOVID\u201319 public health emergency\u201d means the public health emergency declared by the Secretary of Health and Human Services on January 27, 2020, with respect to the 2019 Novel Coronavirus.\n\n(3) COVERED INDIVIDUAL.\u2014The term \u201ccovered individual\u201d\u2014\n\n(A) means an individual who\u2014\n\n(i) is not eligible for regular compensation or extended benefits under State or Federal law or pandemic emergency unemployment compensation under section 2107, including an individual who has exhausted all rights to regular unemployment or extended benefits under State or Federal law or pandemic emergency unemployment compensation under section 2107; and\n\n(ii) provides self-certification that the individual\u2014\n\n(I) is otherwise able to work and available for work within the meaning of applicable State law, except the individual is unemployed, partially unemployed, or unable or unavailable to work because\u2014\n\n(aa) the individual has been diagnosed with COVID\u201319 or is experiencing symptoms of COVID\u201319 and seeking a medical diagnosis;\n\n(bb) a member of the individual's household has been diagnosed with COVID\u201319;\n\n(cc) the individual is providing care for a family member or a member of the individual's household who has been diagnosed with COVID\u201319;\n\n(dd) a child or other person in the household for which the individual has primary caregiving responsibility is unable to attend school or another facility that is closed as a direct result of the COVID\u201319 public health emergency and such school or facility care is required for the individual to work;\n\n(ee) the individual is unable to reach the place of employment because of a quarantine imposed as a direct result of the COVID\u201319 public health emergency;\n\n(ff) the individual is unable to reach the place of employment because the individual has been advised by a health care provider to self-quarantine due to concerns related to COVID\u201319;\n\n(gg) the individual was scheduled to commence employment and does not have a job or is unable to reach the job as a direct result of the COVID\u201319 public health emergency;\n\n(hh) the individual has become the breadwinner or major support for a household because the head of the household has died as a direct result of COVID\u201319;\n\n(ii) the individual has to quit his or her job as a direct result of COVID\u201319;\n\n(jj) the individual's place of employment is closed as a direct result of the COVID\u201319 public health emergency; or\n\n(kk) the individual meets any additional criteria established by the Secretary for unemployment assistance under this section; or\n\n(II) is self-employed, is seeking part-time employment, does not have sufficient work history, or otherwise would not qualify for regular unemployment or extended benefits under State or Federal law or pandemic emergency unemployment compensation under section 2107 and meets the requirements of subclause (I); and\n\n(B) does not include\u2014\n\n(i) an individual who has the ability to telework with pay; or\n\n(ii) an individual who is receiving paid sick leave or other paid leave benefits, regardless of whether the individual meets a qualification described in items (aa) through (kk) of subparagraph (A)(i)(I).", "replies": [], "depth": 1}, {"id": "flrsiic", "text": "\"... the deal calls for a new pandemic unemployment assistance program, which would provide jobless benefits to those who are unemployed, partially unemployed or unable to work because of the virus and don\u2019t qualify for traditional benefits. This includes independent contractors and the self-employed, who typically aren\u2019t eligible to file for unemployment, and so-called gig workers, who aren\u2019t eligible in many states. These benefits would mirror what\u2019s available in an individual\u2019s state.\"", "replies": [], "depth": 1}]