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LEGISLATIVE AND POLITICAL AFFAIRS
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Primary voting in N.J.: What You Need to Know
Election laws vary from state to state, and, with this a presidential election year, there's a lot of information being shared by media based out of New York or Philadelphia that doesn't apply in New Jersey. Here is what you need to know about the NJ Primary:
- New Jersey's primary elections will be held on Tuesday, June 7, from 6 a.m. to 8 p.m.
- Primary elections, held in New Jersey each June, are the only elections where party affiliation affects the candidates for which someone can vote. In all other elections, a voter's party affiliation is not even listed in the poll book.
- In New Jersey, only the state's two most populous political parties have a primary election, the Republican Party and the Democratic Party.
- There is a 21-day voter registration deadline in New Jersey for all elections. For the 2016 Primary the deadline is Tuesday, May 17
Not Registered? You can pick up your voter registration card at the EBCBOR office from now until registration is closed, Tuesday, May 17th.
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Millennials Are Heading to the 'Burbs, After All
Millennials are leaving the city. While many millennials choose to live in urban areas as renters, when they're ready to buy, they're increasingly seeking single-family homes outside of urban areas, according to the 2016 National Association of REALTORS® Home Buyer and Seller Generational Trends study.
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New-Home Niche May Pay Off in 2016
Here's why you may want to start reaching out to homebuilders: New-home sales will likely have one of their best years in a decade, notes Lawrence Yun, chief economist of the National Association of REALTORS® in his latest column at Forbes.com. Builders are taking notice of the inventory shortages playing out with existing homes, which were at about a four- to five-month supply in 2015 (way below the six- to seven-month supply that most economists consider normal). That tight supply is leading to higher home prices.
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NAR Comments on Appraisal Threshold
On March 11, 2016, NAR President Tom Salomone submitted a comment letter to the Federal Financial Institutions Examination Council's (FFIEC) Economic Growth and Regulatory Paperwork Reduction Act (EGRPRA) review. The letter affirms NAR support of the current appraisal threshold of $250,000 for Federally Related Transactions.
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LOCAL, STATE & NATIONAL NEWS
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Teaneck Zoning Board reviews plans for mixed use building
At the meeting, Louis D'Arminio of Price, Meese, Shulman & D'Arminio, P.C. the attorney for the applicant, Red Real Estate, LLC, presented plans for a complex consisting of 19 residential apartment units, with space for five retail stores below and 75 parking spaces.
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Alireza Memar, CIPS, CRS
Broker /Owner of Remax Select Properties in Fort Lee
Ali was born and raised in Tehran, Iran. After the revolution of 1979 in Iran, and the war between Iran and Iraq, he decided to leave the country. He moved to the United States in 1985, and began his career in real estate in the early 90's. He became a REALTOR in 2003 and opened his own office in Ridgefield in 2004. Ali is very involved with EBCBOR; he has served as the Chair for the Equal Opportunity Committee, was a Director, Board Treasurer, and the EBCBOR 2014 REALTOR of The Year. Ali is currently the Chair of the Global Business Council.
Global Business
How did you become interested in Global Business?
I Met a CIPS instructor Zola Szerenscez at a convention in Las Vegas. After meeting him, I realized how much business there was globally.
What was the motivating factor that pushed to become involved in global business?
I travel a lot, and I know lot of people around the world. With the fact that every year, billions of dollar in real estate in the United State is sold to outside investors and new immigrants, it was a no brainier to get involved.
How did you become involved with EBCBOR's Global Business Council?
As one of the founders of EBCBOR's Global Business Council,
I felt that it was important for the Board to have a Global Business Council to educate the members on all the business opportunities they can do globally.
How long have you been a CIPS designee? What motivated you to get this designation?
In 2011 I found out that getting my CIPS designation would be the best way for outside investors to find me, and potentially do business with.
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FIRPTA Changes Herald Increased Real Estate Investment Funding
The Protecting Americans from Tax Hikes Act of 2015 (PATH, for short) wards off potential tax increases when various tax cuts are sunsetted. But in addition to impacting Americans, the act eases the ability of foreigners to invest in U.S. development via changes to the Foreign Investment in Real Property Tax Act (FIRPTA).
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Asian Outbound Property Investment Sets New Record in 2015 at $62 Billion
According to a new report by CBRE, Asian outbound investment into global real estate assets during 2015 was a record-setting. Ada Choi, Senior Director of CBRE Research Asia stated that Following the positive momentum of last year, Asian outbound investment has reached another record high year in 2015. The low yield environment in Asia continued to encourage investors to capitalize in markets offering higher potential returns. We expect that the Asian outbound investment momentum will continue in 2016 as major players are still building up their global portfolios while other players are catching up.
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"Doing Business with Indian National" succeeded in giving our attendees an understanding of the customs and beliefs that affect the way buyers and sellers do business.
Jorge Ledesma, President of EBCBOR, can attest to the value of being culturally aware.
"After attending the event I picked up information that I did not know about the Indian Culture. Data like the amount of states, and languages in India, and about the importance of the entrance to the home. Coincidentally, that afternoon, at my showing, my clients asked me where the unit faces, we both took out a compass to confirm. I proceeded to ask them where they were from. When they stated India, I shared the information that I learned earlier and they were very impressed that I was so knowledgeable on their culture. It was a great way for us to build a conversation and create a professional relationship."
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CELL PHONES FOR SOLDIERS
The EBCBOR Community Service Committee and Chase have teamed up with Cell Phones For Soldiers, a national nonprofit dedicated to providing cost-free communication services to active-duty military members and veterans. Stop by one of the locations and make your donation today.
View full list of drop-off locations
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Clean Homes, Clean Families
Bergen Volunteer center is collecting cleaning supplies for families in need under the program Mentoring Moms. Please consider donating cleaning supplies as well as toiletries to Mentoring Moms. The goal is to collect as many supplies by April 15th. Please drop off supplies at the following locations:
Coldwell Banker Residential (15 Ver Valen St., Closter,)
Russo Real Estate (873 Teaneck Road, Teaneck)
Friedberg Properties (1018 Closter Dock Road, Alpine)
Coldwell Banker RE, Alpine/Closter (15 Vervalen Street, Closter)
Coldwell Banker RE (2151 Lemoine Avenue, Fort Lee)
Coldwell Banker RE (130 Dean Drive, Tenafly)
For more information please contact Barbara Ostroth at
[email protected]
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Leverage Your Own Video in Your Marketing
It's time to think beyond home tours. Learn how two women are creatively showcasing their personalities in real estate videos.
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Manage Properties, Not Data
Real estate management companies are required to keep track of an enormous amount of property information, including rental data, leases, occupancy information, billing activity, legal documents, and security deposits. Frankly, the list goes on and on. That's why it's imperative to be equipped with tools that will make that data and information work for you.
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American Home Shield offers NAR members $50 off the purchase of select AHS® Home Warranties*. Take advantage of this offer to purchase a home warranty for your own home or any other residential properties you may own.
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| Name |
To Office |
| Myong Chung |
Prominent Prop. Sotheby's-Ftle |
| David Ciliento |
Modern Realty Group |
| Ayelet Cohen |
Keller Williams Town Life |
| Lisa Comito |
Prominent Prop. Sotheby's Int |
| Jacqueline Ferron |
Keller Williams Town Life |
| Emilia Freitag |
Keller Williams Town Life |
| John Freitag Jr. |
Keller Williams Town Life |
| Ifraz M Illyas |
Smart Realty, Inc. |
| Marty Jia |
Keller Williams Town Life |
| Young Jo |
Eastern Realty, Inc. |
| Heeyeon Jung |
JHK Properties, Inc. |
| Jaeseung Lee |
Eastern Realty, Inc. |
| Rosa Lee |
ABC Realty |
| Soo Lee |
ABC Realty |
| Sung K Lee |
C Land Realty |
| Christian D Madera |
Links Residential-Maywood |
| Carmela Maggio |
Weichert Realtors Ftlee |
| Orhan Manshirov |
Group Twenty Six, LLC |
| Vira Manus |
RE/MAX Fortune Properties |
| Liora Meidan |
Keller Williams Town Life |
| Lourdes Mercado |
Keller Williams Valley Realty |
| Gertrude Moy |
Realty 7, LLC |
| Okjae Oh |
Eastern Realty, Inc. |
| Leoniel Olanda |
Eagle Quest Realty, Inc. |
| Sirlene Oliveira |
Coldwell Banker, Ftlee |
| Sungchan Park |
Simply Real Estate |
| Alekos Patentas |
Better Homes & Grdns Rand,Rfld |
| Mi Rim |
Promise Realty |
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Office Hours: Monday- Friday
8:00am - 5:00pm
Phone: 201-288-5000
Fax: 201-288- 0511
Staff Contact Info:
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