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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Get Ready for the Homeownership & Financial Summit – Register Now!

Are you ready to take your homeownership journey to the next level? Don’t miss the Homeownership & Financial Summit on May 3, 2025, from 10 AM to 3 PM at County College of Morris (The Davidson Room), Randolph, NJ. Whether you’re a first-time homebuyer or looking to refine your financial knowledge, this event is designed to provide valuable insights to help you make informed decisions.

The summit will feature expert panels and breakout sessions focusing on a range of topics, including:

  1. What to Look for When Hiring an Attorney: Learn how to select the right attorney for your homebuying process and avoid common mistakes.

  2. Avoiding Missteps in the Title Process: Get expert advice on how to navigate the often-overlooked title process to ensure a smooth closing.

  3. Repairing Your Credit the Right Way: Our new breakout sessions will guide you on improving your credit score in the most effective way possible.

This event is completely FREE and is hosted by Housing Partnership NJ, offering a wealth of resources, tips, and tools to empower you on your path to homeownership.

Check Your PSI Record – New NJREC Requirement May Impact Your CE Compliance

The New Jersey Real Estate Commission (NJREC) implemented a new Agency requirement as part of the Continuing Education (CE) obligations for licensees, effective August 1, 2024. This means that even if you completed your CE prior to August 1st, you may not be in compliance if your coursework did not include the new Agency requirement.

In recent weeks, NCJAR has received an increasing number of calls from members who believed their CE was complete, only to find out their PSI records were incomplete or missing credit.
In most cases, this is due to:

  1. Courses not yet reported to PSI (providers have up to 7 days to report)
  2. Missing the newly required Agency topic
  3. Total CE credits not reaching the required 12 hours

URGENT: Your Voice is Needed at the East Orange Council Meeting!

NCJAR®  Realtor® Member Call to Action Regarding proposed burdensome East Orange Proposal

The East Orange City Council is considering Ordinance 10-2025, which dramatically increases fines for property maintenance violations—some by as much as 700%! This could mean huge penalties for minor infractions like missing trash can lids or lightbulbs.

NCJAR® & New Jersey Realtors® strongly oppose these excessive fines and are calling on all members to attend the upcoming Council meeting THIS MONDAY to make our voices heard. Ordinance of the City of East Orange, NJ.

Date: Monday, April 14, 2025 – 6:00 pm

Location: East Orange City Hall, Council Chambers, 44 City Hall Plaza, East Orange, NJ 07018

New Consumer Guide: Deeds and Titles

Closing day marks a huge milestone in the home buying or selling journey—it’s when a property officially changes hands. But behind the scenes, a lot is happening to ensure the legal transfer of ownership goes smoothly. Two important components of this process are deeds and titles.

Here’s what every buyer and seller should know:

What is a Deed?

A deed is the legal document that officially transfers ownership of a property from the seller to the buyer. At a minimum, it includes the names of both parties and the seller’s signature, though many deeds also require the buyer’s signature and a legal description of the property. Once signed, the deed is typically filed with the local government, becoming part of the public record.

What is a Title?

A title isn’t a document—it’s the legal concept of ownership rights to a property. The deed transfers these rights to the new owner. When a title changes hands, it often triggers a one-time transfer tax (separate from annual property taxes). Whether the buyer or seller pays this tax depends on local laws.

Are There Different Types of Deeds?

Yes, and the type of deed can affect what rights are transferred. Most home sales use general-warranty deeds, which offer the highest level of protection for buyers. This type guarantees that the seller legally owns the property and has the right to sell it—offering peace of mind that you’re getting full ownership.

Your REALTOR® can help you understand the type of deed involved in your transaction and what rights come with it.

SAVE THE DATE - 2025 LEVEL UP: REALTOR® Diversity, Equity, and Inclusion (DEI) Summit

Discover, Learn, and Act for a More Inclusive Real Estate Industry

The real estate industry is a cornerstone of communities and an essential part of society’s economic and social fabric. As the world evolves, so too must the way we engage with the people and communities we serve. The 2025 LEVEL UP: REALTOR® Opportunity Summit is an essential event for real estate professionals looking to expand their understanding of Diversity, Equity, and Inclusion (DEI) and create a more inclusive and thriving marketplace. This two-day regional summit offers a unique opportunity for professionals to come together, network, and engage with experts, leaders, and peers in the real estate industry.

Purpose of the DEI Summit

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

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