News & Events
NCJAR’s leadership approved a $10,000 Donation to the NAR Realtors® Relief Foundation to assist with the disaster relief in Texas. You too can help by donating directly to RRF in support of your fellow Texas Realtors®.
Donate now via credit card here or mail a check to:
REALTORS® Relief Foundation
430 N. Michigan Avenue
Chicago, IL 60611
Check Memo Description: RRF Contribution
When major disaster strikes, NAR REALTORS® Relief Foundation has one goal: help families who have endured unimaginable loss. The NAR REALTORS® Relief Foundation distributes 100% of all funds collected to disaster relief causes. Your support will help us continue meeting the immediate housing needs of disaster victims.
The meaning of home has permanently changed. Now, more than ever, Americans are counting on their homes for countless activities, but most of all as a respite, a safe space to be with, and to protect, themselves and their families.
From the beginning of the pandemic and throughout 2020, NAR has fought on behalf of members, agents, brokers, the industry and all Americans to protect and defend independent contractors and small business owners.
NAR is committed to protecting and defending property rights by providing guidance, support, and relief to help navigate the way out of the pandemic, revive our communities, and restore the economy.
We invite you to join us in advancing issues important to the real estate profession and the livelihood of REALTORS® at the virtual 2021 REALTORS® Legislative Meetings & Trade Expo!
As NAR continues to strengthen its commitment to fair housing in the real estate industry, 2021 President Charlie Oppler asks that our appointed and elected leaders in the association join the challenge to do the same by completing Fairhaven Fair Housing Simulation and Implicit Bias Training by April 9, 2021. Another opportunity is to earn your At Home With Diversity® certification.
To complete the challenge, simply visit the components listed below, and then fill out the confirmation form to indicate completion of each task.
On Tuesday, Gov. Murphy presented his proposed Fiscal Year (FY) 2022 state budget. Typically presented before a joint session of the State Legislature, the governor gave his budget address before an empty theater at the New Jersey War Memorial in response to the ongoing pandemic. The governor’s proposed budget contains no tax or fee increases and totals $44.8 billion.
The proposed budget contains:
- Over $700 million in funds for the state property tax deduction
- $1.2 billion in total fund for property tax relief
- $20 million for a first-time homebuyer Down Payment Assistance Program which would provide enough funds to help nearly 2,000 first-time homebuyers
- $5 million to streamline the housing permitting and construction review processes at the state and local level from the Affordable Housing Trust Fund
- $100 million for the Main Street Recovery Finance Program to assist businesses affected by COVID-19
Last week, NJ Realtors® CEO Jarrod Grasso and Vice President of Government Affairs Douglas Tomson testified in support of S1047 which amends the law that exempts certain real estate licensees from certain damages under the consumer fraud law. Specifically, this bill broadens the current exemption for real estate brokers, broker-salespersons, or salespersons from a right of recovery by persons who suffer any ascertainable loss of money or property, real or personal, by eliminating the current limitation with respect to the right of recovery to punitive damages and attorney’s fees. This bill will protect buyer agents who are acting in the best interest of their clients. Click here to read the bill.
Once again, we caution our members to be aware of the potential for ethics complaints and a potential violation of the NJREC 11:5-6.1 Advertising Rules. An ethics complaint can be filed to challenge a statistical ad claiming that an agent or a brokerage firm is Number 1 in real estate business. It is a better practice to state an individual agent or a brokerage firm’s productivity instead of saying Number 1.
Statistics can be derived in different ways. Stating that the information was compiled from an MLS will not alone protect you in an ethics complaint. A potential violation of the NJREC Advertising Rules can happen if the required information and form is not adhered to. NJREC 11:5-6.1 - “In all advertisements which contain the name of a referral agent, a salesperson or a broker-salesperson, the regular business name of the individual, partnership, form or corporate broker through whom that person is licensed shall appear in larger print or be displayed in a more prominent manner than the name of the referral agent, salesperson or broker-salesperson”. Remember, be truthful in all advertising, with no misrepresentation to the public.
Advertising a property without a written listing/representation agreement violates the New Jersey Real Estate License Law, the New Jersey Real Estate Commission Regulations, and the New Jersey Consumer Fraud Act. They all require that a Broker must have a listing/representation agreement in writing in order to be advertising a property for sale. That failure to do so is a violation of the above regulations and a potential act of Fraud.
January started off strong for the housing market, with healthy buyer demand and strong market fundamentals. A robust increase in housing starts in December points to an active year for new construction, but higher material costs, especially lumber, and a limited supply of buildable lots will temper the number of new units.
- Single Family Closed Sales were up 14.3 percent to 2,005.
- Townhouse-Condo Closed Sales were up 11.5 percent to 467.
- Adult Communities Closed Sales were up 19.0 percent to 50.
- Single Family Median Sales Price increased 19.4 percent to $441,900.
- Townhouse-Condo Median Sales Price increased 1.8 percent to $285,000.
- Adult Communities Median Sales Price increased 1.9 percent to $405,000.
NAR's "That's Who We R" Advertising Campaign Highlights How Realtors® Open Doors to Opportunity for Their Clients and the Communities They Serve. This year, to further distinguish Realtors® from real estate agents, the TV spots emphasize the impact Realtors® make on the communities they serve. The advertisements go beyond the transaction by highlighting clients' living out their dream of homeownership or running a small business.
Visit https://www.nar.realtor/thats-who-we-r to watch the five new TV spots which reflect the positive impact REALTORS® have on their clients and communities.
NJR partners with LifeGuides, a community focused on supporting others to improve and enhance their lives. Stephan Vincent, Sr. Director of Community & Client Experience, will moderate this event along with two specialized Guides, Birdie Gray and Lori Hough.
Join us to hear some new perspectives and explore how you can implement helpful strategies into your hectic schedules.