Join us to recognize the achievements of members who have demonstrated excellence in the field of salesmanship. We had a record of 589 award recipients in 2021! Registration ends Friday, April 15. Award winners are asked to submit their headshot by April 15 to be included in the ceremony presentation. Event details follow:
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When: Tuesday, April 26, from 9 am - 12 pm
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Where: The Palace at Somerset Park, 333 Davidson Avenue, Somerset, NJ 08873
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Tickets: $45 for CORE members, $55 for non-members
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To register and for information about group reservations, program ads and sponsorship opportunities, click here.
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2021 NJ Realtors Circle of Excellence Awards® Recipients List Congratulations to all the winners on a highly successful year! Click here to view the list of winners. New Jersey Realtors emailed all recipients the 2021 advertising package, and it’s also available here. To view the advertising rules, click here.
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NJ Spotlight News: ‘Forever Chemicals’ Taint Dozens of Private Wells New Jersey officials have found “forever chemicals” at above state health limits in water systems serving two schools and in more than 40 private wells in Mercer County. Read more.
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City of Trenton: Is There a Particular Location in Trenton That Concerns You? As part of Trenton's "Fight the Blight" program, residents of Trenton can send a report directly to the Trenton Mayor and City Council. Residents can report crumbling roofs, squatters, illegal activity, fire hazards, vermin, or other conditions that make it dangerous to nearby homeowners, children, and pedestrians. The properties will then be evaluated by inspectors from Trenton's Department of Housing and Economic Development for consideration in upcoming rehabilitation, demolition, or redevelopment efforts. Report it here.
NJFamily.com: This is the Best Place to Live in NJ A new study from Niche named a township in Mercer County as the top spot to plant roots in the Garden State. Read more.
Mercer County Park Commission Wins Record Awards on Programming, Recreation, and Design The Park Commission received five awards at the NJ Recreation and Park Association Annual Awards Ceremony in Atlantic City last week. Read more.
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Continuing Education (CE)
At Home With Diversity (AHWD) Certification Course This certification course, providing NJ and PA CE credit, is an educational experience designed to present a picture of the changing face of the real estate industry. More importantly, the class teaches Realtors how to work effectively with - and within - a rapidly changing multicultural market. Diversifying your clientele means learning the practical skills and tools to expand business and effectively service all cultural groups. Fee: $95
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Date: Monday, April 11, from 9 am – 4:30 pm via Zoom
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Instructor: Isabelle Perkins
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NJ CE Credit: 5 Core Credits, 1 Fair Housing Credit
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PA CE Credit: 7 PA CE Credits (including 3.5 hours required on the topics of Redlining, Steering, Implicit Bias, Diversity and the Fair Housing Act)
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Register for NJ Credit Only here.
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Register for PA Credit Only here.
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Register for NJ & PA Credit here.
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Video - Get up to speed on the new updates coming this Spring to Search, Reports, and Contacts in Bright. View video to the right.
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Webinars
Key Commercial Market Insights with NAR Economist If you’re interested in what’s new and next in commercial real estate, register for the Real Estate Forecast Summit: Commercial Update on Wednesday, March 30, at 2 pm. NAR Chief Economist Dr. Lawrence Yun and fellow economists will examine the 2022 market—where are the risks, what are the opportunities, and which insights will influence your business? Read more.
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SUPRA
CORE's SUPRA Reciprocities CORE has reciprocity with most SUPRA providers in NJ, meaning you don't always need to pay for another key to get access. See a list of CORE's reciprocities here and activate yours today!
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FY 2023 State Budget Governor Murphy presented his Fiscal Year 2023 budget proposal to a joint session of the State Legislature. It contains no tax or fee increases and totals $48.9 billion. Here are proposed items that could impact the industry:
- The new ANCHOR Property Tax Relief Program will provide over 1.1 million New Jersey homeowners an average of $700 in property tax relief
- $5 million funding increase to the Down Payment Assistance Program, for a total of $25 million
- $10 million for Lead Hazard Remediation Funding
- $180 million for the Lead Hazard Control Assistance Fund
The Assembly and Senate Budget Committees will now review the budget before it must be voted on and approved by the end of June. New Jersey Realtors will closely monitor the budget proceedings to ensure there are no tax or fee increases to the realty transfer fee and no new taxes created affecting real estate.
TSA.gov: Masks Required Where in NJ? As many of the mask mandates enacted in New Jersey to curb the spread of COVID-19 are lifted, there’s still one place Garden State residents must wear them—while using public transportation. The Transportation Security Administration announced last week it would extend the masking rule for airports, planes, buses, and rail systems after consulting with the Centers for Disease Control and Prevention. That means masks are still required on NJ Transit, PATH, and Amtrak—which follow federal policies—while the CDC develops guidelines to help ease the nationwide mandate. Read more.
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Have You Checked Out NJ Realtor's Legal Library? Browse previously asked questions or post a question of your own—you'll be notified once a response is posted in the library. To view or post, click here. Here's an example of the posts you'll find in the Legal Library:
Question: An agent‘s property description included this phrase, “The living area is good for guests, or it can be used for your teenage kid.” Is this a Fair Housing violation? Should the description be revised to be inclusive of everyone, not a specific group?
Answer: All real estate advertised is subject to the Federal Fair Housing Act, which makes it illegal to advertise “any preference, limitation, or discrimination because of race, color, religion, sex, handicap, familial status, or national origin, or intention to make any such preference, limitation, or discrimination.” The same applies under the New Jersey Law Against Discrimination (LAD), including additional protected classes. Under the LAD, it is illegal to discriminate against a prospective or current buyer or tenant because of actual or perceived race, creed/religion, color, national origin, ancestry, marital status, sexual/affectional orientation, domestic partnership status, civil union status, gender, pregnancy and breastfeeding, armed forces, nationality, disability, gender identity or expression, familial status, source of lawful income. Advertisements should indicate that housing is open to all persons and should not, either directly or indirectly, indicate or suggest a preference or limitation. Advertisements should avoid using descriptions of the dwelling, its tenants, or its neighborhood that refer, either explicitly or implicitly, to protected characteristics. (Posted on August 30, 2021)
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Realtor.com: The Best Time to List a Home Home sellers on the fence waiting for that perfect moment to sell should start preparations, because the best time to list a home in 2022 is approaching quickly. The week of April 10-16 is expected to have the ideal balance of housing market conditions that favor home sellers, more so than any other week in the year. Read more.
Wall Street Journal: The Era of Ultralow Mortgage Rates is Over Higher borrowing costs pose another challenge for would-be homeowners facing soaring home prices. According to Freddy Mac, the average rate for a 30-year fixed mortgage topped 4 percent for the first time since May 2019. Read more.
Realtor Magazine: State-by-State Breakdown of Fourth-Quarter Equity Gains Rising home prices have brought rising equity gains for homeowners. In the fourth quarter, the average homeowner nationwide gained about $55,300 in equity over the past year, according to a new analysis released by CoreLogic, its latest quarterly “Homeowner Equity Insights” report. Read more.
JD Supra: Blockchain Technology Is Changing The Real Estate Industry On February 10, 2022, the first NFT-based property was bought through an auction on Propy, a blockchain-focused real estate company. The Florida home was sold for $653,163 worth of Ether, and the home’s property rights were minted as an NFT on the blockchain as a digital representation of ownership over the physical real estate. Read more.
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FEMA: National Flood Insurance Program
Quick Resources
General Information on the NFIP
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Save this information from the NJ Real Estate Commission:
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