NCJAR News
In this important update, 2024 NCJAR President Chris Coccia addresses the members of the North Central Jersey Association of Realtors (NCJAR) following the recent proposed settlement of a class action lawsuit against the National Association of Realtors (NAR). The settlement, proposed at $418 million over the next four years, aims to resolve most of the lawsuits facing our members, involving agents, brokers, associations, and MLSs. Key changes include the prohibition of listing compensation offers on the MLS for buyer agents, which will now be negotiated off MLS. Chris emphasizes the importance of adapting to these changes, including the mandatory signing of buyer agency agreements with all buyers.
To ensure our members are well-informed and equipped to navigate these changes, NCJAR is offering an Exclusive NAR Lawsuit Update webinar with Darryl Davis on Thursday, March 21st from 9:30 am to 11:00 am. This free session will cover transparency and compensation legal issues, including how the MLS will operate without listed compensation. This session will be crucial for all members to understand the settlement's implications and how to adjust their practices accordingly.
Six years ago, Debby Flower, a REALTOR®, set out with a goal to support merely 10 veterans in need. This vision gave birth to the Military Assistance Pantry, which today provides for 124 veterans and their 83 children every month. Each veteran receives a package containing four bags filled with fresh produce, meat, toiletries, and soups. "We stand out as the only pantry dedicated solely to veterans.
The updated mandate for landlords to issue a flood risk notice to tenants will now take effect on March 20, 2024, earlier than previously expected.
Landlords are obligated to present this notice to tenants prior to the signing or renewal of leases, with signatures from both parties required. In response, New Jersey Realtors® has committed to revising their standard forms to comply with this new requirement by the March 20 deadline.
Download Notice Here
Click here for FLOOD DISCLOSURES
Questions:
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Dates: Tuesday-Wednesday, March 19th-20th, 9am-4pm
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