The $2.2 Trillion CARES Act passed the Senate, the House and has been signed by the president includes several provisions and programs, which will provide direct relief to consumers and real estate professionals alike.
These include:

UNEMPLOYMENT BENEFITS FOR REAL ESTATE PROFESSIONALS

The legislation will establish "PANDEMIC UNEMPLOYMENT ASSISTANCE" for the self-employed, independent contractors, and other individuals who are unable to work as a direct result of COVID-19 public health emergency. This will be especially helpful to real estate agents and brokers that are diagnosed with, quarantined as a result of, or otherwise unable to work due to COVID-19.


AFFORDABLE HOUSING (FORECLOSURE, EVICTION AND FORBEARANCE PROVISIONS)

Foreclosure moratorium for all federally backed mortgage loans for
60 days, beginning on March 18, 2020
Forbearance options for owners of multifamily properties current on their payments. This would allow for 30 days of forbearance, with extensions of up to a total of 90 days.
A moratorium on eviction filings, or fees or penalties for tenants for nonpayment of rent for 120 days on properties insured, guaranteed, supplemented, protected, or assisted in any way by HUD, Fannie Mae, Freddie Mac, the rural housing voucher program, covered by the Violence Against Women Act of 1994.
$1 billion for project based rental assistance to make up for reduced tenant payment

SMALL BUSINESS PROVISIONS ECONOMIC INJURY DISASTER LOANS will be available to businesses with
500 employees or less, including sole proprietors, cooperatives and independent contractors. These loans may be used for Paid sick leave to employees impacted by COVID-19, Payroll, Rent/Mortgage Payments, Debt obligations due to loss revenues and increased costs for due to chain supply disruptions and materials.

SBA 7(A) PAYROLL PROTECTION PROGRAM - REALTORS® who are negatively impacted by the COVID-19 crisis are able to apply for SBA 7(a) loans of up to $10 million to cover business operating costs, including payroll, during the crisis (500 employees or fewer).

TAX PROVISIONS

CASH PAYMENTS - Most Americans will receive cash payments from the federal government in the amount of $1,200 per adult plus $500 for each child under the age of 17, provided they meet the established income thresholds. These payments should be sent out starting in April.

RETIREMENT ACCOUNTS - Real Estate professionals with retirement accounts, including IRAs, can take early withdrawals of up to $100,000 from those accounts without having to pay the 10% early-withdrawal penalty.

TAX CREDITS - If your business has 100 or fewer employees, you can claim a refundable employee retention tax credit against payroll taxes of up to $5,000 per employee under certain circumstances. Larger employers also can claim the credit, but with more restrictions.