NCJAR News
When buying or selling a home, you’ll encounter different types of professional relationships—agency and non-agency—between buyers, sellers, and real estate professionals. These relationships are defined by state law and vary depending on where you live. Here’s what you need to know:
What Does It Mean for a Real Estate Professional to Be My "Agent"?
A licensed real estate professional acts as your agent when you hire them to represent you in buying or selling a home. This relationship creates specific responsibilities and duties:
- Seller’s Agent: A seller’s agent works on behalf of the seller to achieve the best price and terms. Sellers typically formalize this relationship through a listing agreement. The agent has fiduciary duties to the seller, meaning they must act in the seller’s best interests.
- Buyer’s Agent: A buyer’s agent represents the buyer’s best interests throughout the home-buying process. Often, buyers sign a written agreement outlining the terms of this relationship before touring homes.
What Types of Agency Relationships Are There?
Here are some of the most common agency arrangements:
Social media is a fantastic way to connect with clients and promote your real estate services, but as a Realtor®, you must follow important guidelines. Here’s a simple breakdown of the rules you need to know to stay compliant with New Jersey Real Estate Commission (NJREC) regulations and the National Association of Realtors® (NAR) Code of Ethics.
1. Include Your Brokerage Information
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Always include your brokerage’s official name in every post.
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The brokerage name must be larger or more prominent than your name.
2. Identify Your Role Clearly
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State your professional title (e.g., Salesperson, Broker-Salesperson, Referral Agent).
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Referral agents must indicate their role and cannot imply they handle transactions.
NCJAR 2024 President Chris Coccia reflects on gratitude, announces the new Steps Between Signing and Closing a Homeguide, invites members to the Holiday Networking Social on Wednesday, December 18th at Swahili Village, welcomes new affiliate members, and reminds everyone to complete NAR Code of Ethics requirements by December 31st. Let’s finish 2024 strong together!
Please visit www.NCJAR.com to register for events and for more information.
For questions and concerns, please contact us at 973-425-0110 or
Join NCJAR at the Triple Play Convention
Are you attending the 2024 Triple Play Convention in Atlantic City?
If so, join us on Wednesday, December 11, 2024 for a Free Boxed Lunch & Hospitality Suite provided by NCJAR.
Click Here to Register for Triple Play Convention
December 9- 12, 2024 | Atlantic City
