Congratulations to the 2020 New Jersey Realtors Circle of Excellence Award Recipients! To view the list of CORE Members winners, click here. For information about the advertising packages, and to download logos, click here.
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Dues Reminder Thanks to all the members who have paid their 2021 dues, which were due by Dec 31, 2020. A one-month grace period followed, and then a late fee of $99 was assessed on Feb 1. To pay your dues, click here. Instructions on how to pay dues online can be found here. For the full timeline, click here. Please note, your username is your NRDS number and your default password is your last name - all lower case. You do not need to reset your password.
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Useful Links
Save these Links for Key NJ Real Estate Commission Information:
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Local
Affordable Housing Units Available in Hillsborough The property address is 650 Route 206. The apartment complex is located just south of Amwell Road. Applications will be accepted until March 31, 2021. For more information, click here.
Hamilton Township: Mortgage and Rental Relief Assistance This program will provide temporary rental and mortgage assistance to residents, businesses, and landlords in Hamilton Township due to the COVID-19 pandemic. For more information, click here.
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SUPRA
Safety Feature Available in SUPRA eKEY App It allows agents to set up an alert in the app, which, when pressed, sends a text or email out to a set group of people with a pre-saved message. This feature would be helpful when an agent is at a showing and feels unsafe, needs a reason to get away, or needs someone to be aware of their situation. When this alert feature is held, it automatically notifies someone to call you. Watch the video.
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MLS
Bright MLS
Market Trends Report for the Week Ending January 31
- As January came to an end, closing levels tracked as expected with volume at 128.4% of a year ago.
- For the second week, Veterans Affairs loans stood out with strength in contracts, closings, and showing activity compared to the same time last year.
>>>>>>>>o Showing volume ran at 120.6% of the same week last year, better than all
>>>>>>>>>other areas.
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Issues logging in or viewing your credits? Click the button above to Contact PSI directly. |
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To view a list of FAQs, click the button above. |
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Post your legal questions to legal.njrealtor.com and you'll receive a notification when an answer is posted. Also, browse other legal questions an answers.
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Webinars
NJBIZ: Cybersecurity Panel Discussion Join a panel of experts as they discuss the following topics of Cybersecurity:
- The latest on such traditional threats as cyber theft, identity fraud, and ransomware
- Emerging threats such as those created by the expansion of 5G technology and artificial intelligence
- Pandemic-related issues like stimulus fraud and attacks on remote learning and working
- Importance of an I.T. Risk Assessment
- Weaknesses in email systems, along with best practices for dealing with phishing attacks and impersonation or spoofing
Somerset County Business Partnership: Minority Business Leaders Roundtable
This month join the Hispanic Chamber of Commerce and learn about the resources available to help minority-owned businesses in our area grow. Friday, February 5, from 9:00 - 10:30 am. Register here.
Reminder: NAR Breaking Down the Changes to the Code NAR is hosting monthly trainings to provide guidance on the changes to the Code of Ethics that were approved by the NAR Board of Directors on November 13, 2020. To register for an upcoming session and view the previous session recordings, click here.
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Commercial Real Estate
The CREXi Platform is Live on CORE-Realtor.com! Be sure to attend the next CREXi webinar on February 11 at 3:30 pm to learn about the commercial property exchange and to hear about the exclusive CORE membership discount (over 50 percent off for any CORE member that chooses to go Pro this month). Feel free to reach out to Daniel Colom at dcolom@crexi.com if you cannot attend the webinar but are still interested in the promotion! For more information about CREXi, click here. Register for the webinar.
Society of Industrial & Office Realtors TransACT 360 - Registration Open Building on the success of the CREate 360 Virtual Event this past Fall, SIOR will be expanding its small group networking sessions and offering additional opportunities to connect with members and colleagues. Register now to join industry experts worldwide, April 28 - 29.
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New Jersey
NJ.Gov: Utility Shut-Offs are Currently Suspended for NJ Residents, But Bills are Not Forgiven If you're behind on your utility bills:
▪ Call your utility company to set up a payment plan here.
▪ Apply for assistance from one of the State's many expanded > programs here.
>Help is available. Spread the word!
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InsiderNJ: New Steps to Reinstate the State and Local Tax (SALT) New Jersey Realtors 2021 President Jeff Jones recently spoke in support of restoring the SALT deduction as a way to encourage homeownership in NJ. Read more.
NJ Real Estate Commission: 2020 Disciplinary Actions Read more.
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New Form: Open Public Records Act, Notice to Buyers The form explains to buyers that they can obtain documents relating to a property under OPRA. It also includes examples of documents that a buyer may want to request, such as open and closed permits, documents about variances, code citations, inspections, certificate of occupancy, a list of off-site conditions that may affect the value of the property, and ordinances indicating if the property is in an air safety zone.
Buyers' agents must be aware that there is potential Consumer Fraud Act (CFA) liability for buyers' agents who obtain information on behalf of buyers that proves to be false or misleading. This includes responses to a request for documents about a property under the New Jersey OPRA that a buyers' agent provides to buyers that turns out to include incorrect information. It is best to have the buyer obtain such documents, but if you receive any information on behalf of a buyer, be very careful to ensure that it is accurate. Visit the forms library.
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National
NAR: First 3D-Printed Listing on an MLS A $299,999 home listed for sale on the MLS for Riverhead, NY, was built by a robot. Read more.
NAR: NAR Letter on COVID Relief Earlier this week, NAR sent letters thanking Congress members for their continued focus on rebuilding our economy, businesses, and families during and after this worldwide pandemic. December's relief was essential for many Americans, but there is still more work to be done. The letter offers several proposals that will help ensure Americans are safe, small businesses survive, and the economy recovers, including:
- Ongoing Funding for Housing Stability and Rental Assistance;
- Additional Funding for State and Local Communities;
- Language Expanding Access to Remote Online Notarizations;
- Continued Support for Unemployment Assistance; and
- Extension and Enhancements of funding for Small Businesses and Commercial Real Estate
>>>>>Additional details are in the letters: View the Senate letter; House letter
NAR: Want to Receive the Latest Legislation Information? Mobile Alerts, the National Association of Realtors advocacy texting platform, offers Realtors a way to stay connected directly from their cell phone or tablet. When a national or State legislative call for action is launched, subscribers get a short text message containing information to take quick and easy action. Sign up for mobile alerts by texting the word REALTORS to 30644 or by submitting the form here.
Avoid Fair Housing Mistakes Promote fairness, equal opportunity, and professional integrity by taking Fairhaven, NAR's fair housing training simulation. It uses storytelling to help you identify, prevent, and address discriminatory real estate practices. Register now.
Code of Ethics Training NAR provides free Code of Ethics training courses for new members and existing members, as well as a paid Continuing Education option. All three courses, as well as NAR's Circle to Excellence endorsement, fulfill NAR's Code of Ethics training requirement. The current three-year cycle deadline for all Realtors to provide evidence of having completed Code of Ethics training satisfying NAR's requirements is December 31, 2021.
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