15underwritingFREE! Live, virtual training for all USDA lenders and real estate agents.

Join us for our next live lender training on USDA’s credit underwriting requirements and gain insight to help strengthen your USDA Single Family Housing Guaranteed Loan Program (SFHGLP) portfolio!

During the live event, we will discuss topics such as: 

  • Examining lender credit underwriting responsibility
  • Determining credit guidelines based on the Guaranteed Underwriting System (GUS) underwriting recommendation
  • Evaluating applicant eligibility based on credit history
  • Answering your frequently asked questions

Wednesday, June 29, 2022 at 10:00am


Financing Principles and PracticesVirtual: Financing-Principles and Practices - 3 Elective

Register and attend the Financing-Principles and Practices 3 Credit Elective CE Course presented by Sheetal Sawhney, NJ CE Instructor and CrossCountry Mortgage, Inc. Branch Manager!

You will receive a complete understanding of TRID, pre-approvals, the real estate agents role, condo financing and discuss various types of mortgages available in today’s market!

Wednesday, June 28, 2022 at 10:00am – 1:00pm

NCJAR Members $25 | Non-Members $45


Local Issues June 27, 2022Our association's government affairs are critical. Usually, the issues start at the community level. Check out the most recent local issues tracking report to see what's on the agenda for governing bodies in NCJAR's service area that could impact real estate, homeowners, or property rights.

DEIphotoNCJAR participated in the first regional real estate Diversity, Equity, & Inclusion Summit on June 14th, 2022 at the Sheraton Mahwah Hotel. NCJAR members were in attendance. National speakers discussed the impact of equity on the industry, diversity's facets, and why inclusion is critical to the future of the industry and the communities we serve.

maymarketstatsMay 2022

After two years of record-setting activity, there are signs the housing market might be cooling. High home prices and a surge in mortgage interest rates are slowing buyer activity, with home sales declining for the third consecutive month under the weight of soaring homeownership costs. The National Association of REALTORS® (NAR) reports existing home sales were down 2.4% from the previous month, while pending sales fell 3.9% as of last measure, extending the trend of recent months. Economists predict sales will continue to soften in the near future, which may put downward pressure on home prices.

LeadPaintWebinar.June30thNew Jersey Realtors® is hosting a webinar with the Department of Community Affairs on June 30 at 1 p.m. to help members better understand the new lead paint inspection and remediation law requirements, which go into effect on July 22. 

The new law requires lead paint inspection and remediation for residential one- and two-family rental properties upon tenant turnover or by July 24, 2024 if there is no tenant turnover. The inspection requirements may vary depending on the community, and the new law is not currently tied to time-of-sale requirements.


Please submit your questions when registering for the webinar. For more information about the new lead paint inspection and remediation law prior to the webinar, visit njrealtor.com/lead

Conditional Vs UnconditionalUnconditional Release of the Seller from The Listing Agreement or Conditional Release of The Seller from The Listing Agreement… Which One Is It?

UNCONDITIONAL RELEASE: The listing Broker in a writing on company letterhead states that the Seller is unconditionally released from any and all obligations arising out of the listing agreement with the listing Broker.

CONDITIONAL RELEASE:  The listing Broker in a writing on company letterhead states that the Seller shall be released from any and all obligations arising out of the listing agreement with the listing Broker only under the following conditions: (Broker then states the specific conditions).   Examples of “conditions” can be reimbursement of expenses incurred by the listing broker such as advertising (must be itemized and have receipts).

In either case, the listing Broker should make sure that the Release is fully explained to the Seller and the Seller understands the terms.

GSMLS Permanent Withdrawal Form:  This form is used to permanently remove a listing from the MLS when the Listing Broker grants a Release (unconditional or conditional) to the Seller.  It should be used for MLS purposes.  It is recommended that the Listing Broker do the  Release (unconditional or conditional) as a separate writing on company letterhead.

Any questions please contact Mary Cano, CEO at 973-425-0110

juneteenthJuneteenth ("June Nineteenth") is observed annually to commemorate the end of slavery in America.

On Juneteenth, Black Americans celebrate their freedom from slavery, two years after the Emancipation Proclamation. The Emancipation Proclamation issued by President Abraham Lincoln on January 1, 1863, had established that all enslaved people in Confederate states in rebellion against the Union "shall be then, thenceforward, and forever free."

The Emancipation Proclamation did not immediately free enslaved people. Confederate proclamations only applied to the states under Confederate control and not to slave-holding Border States or rebel areas already under Union control. As a result, when Northern troops advanced into the Confederate South, many enslaved people fled behind Union lines.

NCJAR President William "Bill" Flagg stated, "It is still painful and disturbing for many Black Americans to remember slavery and bondage as part of history." 

In recognition of Juneteenth1

In recognition of Juneteenth, the NCJAR board offices will be CLOSED on Friday, June 17, 2022.

We will re-open at our regular business hours (M-F 9am-4:40pm) on Monday, June 20, 2022.

Questions: This email address is being protected from spambots. You need JavaScript enabled to view it. 


Each year, NCJAR presents awards to members whose peers admire them for going above and beyond expectations. The time is now to nominate members who are actively involved at NCJAR, in addition to members active with civic projects, service clubs, charitable activities and political groups.