Don't Miss CORE's Annual Installation Join us for a virtual, fun-filled Installation of the 2022 CORE Officers and Directors. This event will include the swearing-in of 2022 CORE President Genette Falk and the entire 2022 Board of Directors. Enjoy a cutting-edge networking session in a virtual lounge setting with incredible effects! Register by December 1 to receive a box of goodies from our sponsors! No cost to attend. Friday, December 17 at 11:00 am via SpatialChat. Register here. Information on sponsoring the event is here.
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CORE’s 2021 Giving Campaign Spotlight: Soldier On Here's a startling fact: Veterans are more likely to become homeless than other Americans. The unique challenges our veterans face returning to civilian life also make it difficult for organizations that do not specialize in veteran services. That's where Soldier On comes in--they fill the gap between what the federal and state departments of Veterans Affairs provide and the veteran-specific services other organizations do not offer. Soldier On provides tailored programs and services to help veterans transition from homelessness to homeownership. Learn more about the life-changing work Soldier On is doing here. You can help today by donating to CORE’s 2021 Giving Campaign for Soldier On here.
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100 Years Old! This year we are celebrating CORE’s 100th Anniversary as a chartered organization by the National Association of REALTORS. As we reflect CORE’s history, we’d like to reconnect and reminisce together with your photos and memories of past social and official events at the CORE, Mercer, Hunterdon or Hunterdon/Somerset County board on a new 100th Anniversary Facebook group page. If you would like to share your photos and memories, click here to join the Facebook group. We look forward to seeing your photos and reading your stories!
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Somerset County Clerk Steve Peter convened the County’s Board of Canvassers to certify the November 2 General Election winners on Tuesday. The certification completes the counting of ballots by the Board of Elections and sets the stage for notification to the New Jersey Secretary of State by November 20. Election results can be found here.
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Featured Member Video
View a mini video (to the right) by CORE Government Affairs Committee member Nick Lopez on "Why I Support RPAC".
To make a contribution to the Realtors Political Action Committee, visit njrealtor.com and click on the blue Invest in RPAC button.
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*Disclaimer: Contributions to RPAC are not deductible for federal income tax purposes. Contributions are voluntary and are used for political purposes. The amounts indicated are merely guidelines and you may contribute more or less than the suggested amounts provided your contribution is within applicable contribution limits. The National Association of REALTORS® and its state and local associations will not favor or disadvantage any member because of the amount contributed or a decision not to contribute. You may refuse to contribute without reprisal. Unless otherwise required by applicable law, any request for the refund of a contribution must be made within two (2) business days of the date on which you authorize RPAC to charge you for said contribution. Your contribution is split between National RPAC and the State PAC in your state. Contact your State Association or PAC for information about the percentages of your contribution provided to National RPAC and to the State PAC. The National RPAC portion is used to support federal candidates and is charged against your limits under 52 U.S.C. 30116.
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Continuing Education (CE)
Did You Know? Your C2EX endorsement serves as an equivalency option for NAR’s Code of Ethics training requirement. Get started at C2EX.Realtor.
New Jersey CE FAQs To view a list of frequently asked questions, click here.
Don’t Forget to Fulfill Your NAR Code of Ethics Training Requirement! As required for Realtor membership, all Realtors must complete at least 2.5 hours of ethics training every three years that meets specific NAR learning objectives and criteria. The current cycle deadline is December 31, 2021. Why wait? Visit the CORE website to learn more, check your status, and view training options today. NAR offers a no-cost online course for all current members that meets the requirement. Questions? Email info@core-realtors.com.
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Webinars
Senior Scams Prevention Workshop U.S. Representative Tom Malinowski (NJ - District 7) will host a virtual workshop for local seniors to share best practices to protect against fraud. The event will feature experts from the Federal Trade Commission who will discuss the types of fraud that disproportionately affect seniors: including identity theft, social security fraud, and charity and robocall scams. Participants will have the opportunity to ask questions related to the topic. Tuesday, November 23, from 2 to 3 pm. RSVP for this virtual event here.
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New Jersey Realtors-Initiated Legislation This week, Governor Murphy signed several bills supported by New Jersey Realtors into law, including two proactively put forward by NJ Realtors and introduced by members of the State Legislature. As a result NJ Realtors is updating the respective forms accordingly as related to the changes in the legislation.
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Consumer Fraud Law S-1047 amends the consumer fraud law to provide the same protections for sellers' and buyers' agents when receiving inaccurate information about a property through an OPRA request. This new law is now in effect.
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LLC Rules S-3590 allows broker-salespersons and salespersons to form LLCs to receive commission income. It states if such an LLC is formed, broker-salespersons and salespersons will not be considered employees under the State unemployment compensation law. S-3590 also states that brokers who engage in promotions of free or discounted services exceeding $1,000 to attract new clients have to provide written disclosure. S-3590 is not yet in effect as the NJ Real Estate Commission must also amend its rules to mirror the new state law. The law will take effect six months after the Commission promulgates the regulations.
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Restrictive Covenants S-2861 concerns the use of restrictive covenants in property deeds prohibited by the Law Against Discrimination. Deeds recorded on or after Jan. 1, 2022, cannot contain a reference to a specific restrictive covenant that restricts the ownership or use of real property as prohibited by the LAD. The bill also requires a county clerk or a register of deeds and mortgages to refuse any deed submitted that references restrictive covenant. The law took effect immediately.
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Lead Plumbing Disclosure Law S-829 requires the property condition disclosure statement to include a question concerning the presence of lead plumbing in a property being sold. This includes service lines, piping materials, fixtures, solder, and more. NJ Realtors supported this bill as an alternative to the Legislature adding a new time-of-sale requirement for plumbing inspections to determine if lead is present. The law also protects real estate licensees and took effect immediately.
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NJ Realtors: Risk Rating 2.0 Do you have questions regarding FEMA's new flood insurance pricing methodology, Risk Rating 2.0? NJ Realtors dives in on the issue in the Nov/Dec issue of NJ Realtor Magazine. Read more.
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NorthJersey.com: With Demand for COVID Booster Shots Low, Governor Murphy Says NJ May Waive Eligibility Requirements New Jersey will likely waive some of the federal recommendations for adults to get a COVID vaccine booster shot, with demand among those eligible continuing to be very low, Gov. Murphy said Monday. Read more.
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NAR Board of Directors Approves Sweeping MLS Changes Listing brokers will be required to display the compensation being offered to buyer’s agents on each active listing. Note: Independent MLSs such as GSMLS and CJMLS are not required to follow NAR MLS policy. Read more.
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REALTOR.com: A Primer on Home Electric Vehicle Charging Stations One of the newest amenities builders are including in housing developments to attract buyers is an electric vehicle charging station. Learn more about this feature that’s growing in popularity among your clients. Read more.
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NAR: Building Gender Awareness in Real Estate It’s critical to understand issues around gender identity in order to grow your clientele and best serve their needs. Read more.
Realtor.com: The Key to a Successful Negotiation? Talk Less A commercial pro with 41 years of experience offers three surprising tips for coming out on top at the negotiation table. Read more.
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Criminal Record Check Risks Housing providers in several states have been found to have violated fair housing laws for denying housing to individuals with a criminal record. This video explains why you should use caution when developing a policy on renting to people with a criminal history in order to avoid a disparate impact.
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NAR: Why ‘I’m Not Racist’ Doesn’t Resolve Unintentional Bias Apologizing for potentially biased behavior, even when you have the best of intentions, can help you reach a higher understanding, expert says. Read more.
NAR: New Realtor Benefit Will Provide Travel Discounts to Members The NAR Travel Club is an exclusive travel platform that will give NAR members and their families access to full-service travel booking capabilities, including hotel, resort, car and air. Learn more. You can also view the full list of partners in the Realtor Benefits Program here.
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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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