NCJAR News
Gov. Murphy signed two laws New Jersey Realtors® secured amendments to concerning the disclosure of solar panels and installation of rain sensors on lawn sprinkler systems.
A-4522 requires disclosures when a single-family home with solar panels is sold. New Jersey Realtors® worked with the sponsor to ensure the disclosure is required through the property condition disclosure statement rather than the responsibility of a real estate professional who worked on the sale. The new law will become operative upon publication of information by the Real Estate Commission pertaining to the new law and will apply to single-family homes with solar panels installed after the law is signed.
The New Jersey Real Estate Commission (NJREC) licensing period from July 1, 2023, to June 30, 2025, all licensees need to complete a total of 12 credit hours of Continuing Education (CE) in specified categories. However, if an agent became a salesperson licensee after July 1, 2024, they are exempt from CE requirements for this cycle and will start their CE in the next cycle.
Here's a simplified breakdown of the CE requirements:
- 1 Hour on Fair Housing and New Jersey Law Against Discrimination
- 2 Hours on Ethics
- 3 Hours on Core topics
- 6 Hours can be a mix or entirely from one category, including Electives, Ethics, Core, or Fair Housing, adding up to a total of 12 hours.
It's important to note:
Exciting news for real estate enthusiasts and professionals alike: Season 4 of “First-Time Buyer" is now available for streaming on Hulu and the dedicated website, FirstTimeBuyer.realtor! This season promises to be more enlightening and engaging than ever, offering a unique glimpse into the homebuying journey through the eyes of real first-time buyers and the dedicated REALTORS ® who guide them.
“First-Time Buyer” has captivated audiences for three seasons by showcasing the real-life challenges, triumphs, and emotional moments that come with purchasing a first home. Each 15-minute episode is a compact yet comprehensive look at a different individual, couple, or family embarking on their home buying journey.
A REALTOR member who has held membership in the National Association as a REALTOR for a cumulative period of forty (40) years and has completed at least one (1) year of service at the National Association level as an officer, director, committee member, federal political coordinator, President’s liaison or a regional coordinator to a country with which NAR has a reciprocal agreement, shall upon certification by the Board of Directors be designated "REALTOR EMERITUS.