With nearly 91% of REALTORS® in New Jersey classified as independent contractors, the U.S. Department of Labor’s (DOL) final rule on independent contractor status has created major concerns and questions about the rights and classification choices of real estate agents throughout our state. 

Please send a pre-written message to your member of Congress urging them to cosponsor H.R. 5419, the Direct Seller and Real Estate Agent Harmonization Act, and protect real estate agents’ independentcontractor status. 

TAKE ACTION NOW

As we approach the final quarter of the year, it's crucial for all our members to stay informed about the important deadlines related to the Realtors® Political Action Committee (RPAC) for 2024. Participation in RPAC not only supports the advocacy efforts that protect our profession but also helps members earn recognition through various award programs.

Here are the key dates to keep in mind:

OCTOBER 7, 2024: 2024 NJ Realtors® Circle of Excellence Sales Award® Unit Deadline A minimum contribution of $100 to RPAC earns one unit towards NJ Realtors® Circle of Excellence Sales Award®. Local boards/associations must receive the contribution by the close of business on Oct. 7, 2024 to be eligible for the unit. 

As we approach the August 17 implementation of the National Association of Realtors® (NAR) practice changes, we want to ensure you're prepared and informed about the necessary actions to protect your organization from claims related to broker commissions. Here are some crucial reminders and updates:

Key Actions Required by August 17

1. Implementation of Practice Changes:

• We recommend all Multiple Listing Services (MLSs) implement the practice changes by August 17. REALTOR® MLSs (those owned exclusively by one or more REALTOR® Member Boards) must adhere to this date to remain compliant with NAR policy.