NCJAR

Market Data

NCJAR Market Data is a comprehensive report that provides valuable insights into the real estate market in the North Central New Jersey region. It includes key metrics such as median listing price, average selling price, number of active listings, and the average days a property stays on the market, among others. This dynamic tool serves as a valuable resource for Realtors, buyers, and sellers, assisting them in making well-informed decisions in their real estate transactions.

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Latest News

NCJAR Supports California Wildfire Relief Efforts

At NCJAR, we believe in the power of community and supporting those in need. In response to the devastating wildfires in California, we have made a donation of $2,500 to aid in relief and recovery efforts.

This contribution is a reflection of our commitment to making a positive impact, not just locally but across the nation. The funds will assist in providing essential resources, shelter, and support to individuals and families affected by this tragedy.

We encourage our members and community to join us in supporting those impacted by this disaster. Every contribution, no matter the size, can make a difference.

New Consumer Guide: Flood Insurance

Flooding is the most common and costly natural disaster in the United States. Even a few inches of water can cause devastating damage to property, making flood insurance a critical consideration for homeowners and business owners alike. A licensed insurance agent can guide you through the process of selecting the right flood insurance to protect your assets. Here’s what you need to know:

Does My Homeowners Insurance Cover Flood Damage?

Most standard homeowners insurance policies do not cover flood damage. While federal disaster assistance may be available after a flood, it is limited and not guaranteed. The most reliable way to protect your property from flood-related losses is to purchase flood insurance.

What Is Flood Insurance?

Flood insurance is a specialized policy that covers damage caused by flooding. This includes incidents like heavy or prolonged rain, melting snow, coastal storm surges, blocked storm drainage systems, or levee and dam failures. Coverage extends to both building repairs and personal property losses, depending on your policy.

Upcoming Free RPR Webinars and MORE!

Everyone has different learning styles. Some want to watch a quick video, others want to print out a guide and read every detail, step-by-step. RPR got you covered.

The RPR Learning Center lets you choose how and what you want to brush up on when it comes to RPR features and capabilities. Choose by time, skill level, topics and learning type.

Register Online for Upcoming RPR Webinars:

Check Your PSI Records: New Agency Requirement - Verify Credits are Reported Correctly

The New Jersey Real Estate Commission (NJREC) has introduced a new requirement for all real estate licensees: ensure your Continuing Education (CE) credits are accurately recorded with PSI. With the NJREC Ethics CE requirement deadline fast approaching on April 30, 2025, it's essential to confirm that your credits are properly reported to avoid disruptions to your licensure. Additionally, the NJREC CE requirements consist of 12 total credits, distributed as follows: 1 Hour - FAIR HOUSING & NJ LAW AGAINST DISCRIMINATION, 1 Hour - AGENCY, 2 Hours - ETHICS, 2 Hours - CORE, and 6 Hours - ELECTIVES. Be sure to fulfill these requirements to remain compliant.
 
Why You Need to Verify Your Records: To stay compliant and safeguard your professional license, it's essential to ensure your CE credits meet the NJREC's specific requirements and are properly documented.
  1. Compliance with NJREC Requirements: Ensuring your CE credits are correctly logged is a mandatory part of maintaining your real estate license in New Jersey.
  2. Avoid License Suspension or Penalties: Missing or incorrectly reported credits can lead to license suspension, late fees, or other penalties.
Steps to Verify Your CE Credits with PSI:

APPLY NOW: NJ Realtors® Circle of Excellence Sales Award®

This prestigious program comprises two awards: The NJ Realtors® Circle of Excellence Sales Award® and the NJ Realtors® Distinguished Sales Club. Applications opened on Aug. 1 and close at 5 p.m. EST on Jan. 13, 2025.

The NJ Realtors® Circle of Excellence Sales Award® recognizes those members who have demonstrated excellence in the field of salesmanship.

The 2024 award levels are:

  • Platinum: $20 million and 30 units minimum, or 125 units
  • Gold: $12 million and 25 units minimum, or 90 units
  • Silver: $6.5 million and 20 units minimum, or 70 units
  • Bronze: $2.5 million and 15 units minimum, or 30 units

2024 Award Updates

910 Mt. Kemble Avenue
Morristown, NJ 07960
(973) 425-0110

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