Real Estate Forecast Summit Global UpdateOn July 26, 2021, NAR will hold its virtual Real Estate Forecast Summit: Global Update event, which will provide an outlook on the changing international real estate market.

A recording of the event will be made available to REALTORS® as a value-added resource to be used in discussing and strategizing about the market with clients. Registered attendees will receive an email with a link to the recording as soon as it is available. The recording will also be posted on nar.realtor and on NAR's Research social media account pages.

Register Now

 

schooldriveDONATE SCHOOL SUPPLIES TODAY! (Deadline August 13, 2021)

Thank you on behalf of NCJAR Community Outreach committee and leadership.

Donating goods is easy! Choose the location you would like to support and click on SHOP to purchase the school supplies you would like to donate. You will be emailed a tax receipt at the time of purchase. All goods ordered online will be shipped directly to our charity partner after the drive ends.

Items can be purchased and brought to Wayne or Morristown board offices:

  • Backpacks
  • Pencils
  • Composition notebooks
  • Highlighters
  • Crayons
  • Glue sticks
  • Erasers
  • Pencil case
  • Colored pencils
  • 2 pocket folders

Thank you! Your contributions will strengthen our community by helping others in need.

For more information please contact This email address is being protected from spambots. You need JavaScript enabled to view it..

DONATE NOW!

NCJAR Members are invited to Register & Attend NAHREP Morris-Passaic Live Educational Event on August 4th (6pm-9pm) at 46 Lounge in Totowa to discuss the Housing Market & Immigration Reform.

NAHREP Morris-Passaic is the Voice for Hispanic Real Estate® and proud champions of homeownership for the Hispanic community in and around the Morris & Passaic Counties of New Jersey. The NAHREP® Morris-Passaic Chapter provides community outreach, industry educational and business networking events thanks to the gracious contributions of our Morris-Passaic Chapter Board of Directors, members and NAHREP® Morris-Passaic sponsors.

NCJAR proudly supports NAHREP Morris-Passaic and believes that supporting Strategic Partners, like NAHREP, diversifies your network and strengthens EVERY aspect of your business.

https://members.nahrep.org/NAHREP/Events/Event_Display.aspx?EventKey=21B109

Exclusive Vs MLS ListingHere Are Two Listing appointment scenarios:

Listing presentation #1:

I’ve done the market analysis on your home and recommend that we list it at $$$.  Let’s thoroughly discuss this CMA, and how we will market your home for sale. I will do an exclusive listing for a period of 2 weeks. The exclusive listing will generate a real frenzy of buyers who want to see your home as there is extremely low inventory right now.  Another benefit to an exclusive is that you don’t need a lockbox and a lot of people going in and out of your home all times of the day as it would be if we put it in the MLS.  I will handle all appointments and showings.  My company will be the one to write up all offers therefore you are only working with me.  With this market there is an excellent chance we will sell your home within the 2 weeks.  Of course, we can always put it in the MLS if it’s not sold by then. 

Listing presentation #2:

I’ve completed the market analysis on your home and recommend that we list it at $$$.   Let’s discuss the market analysis in detail, and then I can explain what marketing steps our company plans if we list your home.  (At this point the agent would explain company marketing policies, benefits of putting the listing in the MLS, and showing procedures which can be set up with a lockbox or by appointment only).   

Which scenario do you think is the right one?   If you can’t decide, or think both are correct, keep reading….

Golf Outing 2021 Save the dateSWING INTO ACTION AND SUPPORT A GREAT CAUSE

Black Bear Golf Club is part of the Crystal Springs Resort, which offers six other courses, though, it's hard to remember they're connected since they each offer a distinct character and look. Unlike Ballyowen and Crystal springs, two of the resort's most well known courses, Black Bear has more of a parkland layout.

The course tumbles across rolling hills covered with trees, which come into play along the undulating fairways and greens. Water only comes into play on three holes but there are a whopping 65 bunkers coming into play. It's challenging but not frustrating. Both low and high handicappers will enjoy not only the golf course but also the beautiful scenery. Black Bear is one of the best values in the area and has garnered a strong local following.

All proceeds will be donated to the March of Dimes. March of Dimes fights for the health of all moms and babies.

When & Where: Tuesday, September 21, 2021 at Black Bear Golf Course (138 NJ 23Franklin New Jersey 07416).

For more information please contact Michelle Perrone-Epstein at 973-305-1100 or This email address is being protected from spambots. You need JavaScript enabled to view it..

REGISTER NOW

globalchat 2Join NCJAR’s Global Chat on Wednesday, July 21st at 10am on Zoom for a FREE Webinar with Global India Presenters, Tarun Bhatia, Samir Arora and Swapnil Patil.

When & Where: Wednesday, July 21, 2021 (10am-11:30am) on Zoom

You will learn:

  • India's Economy
  • Market Updates and Forecasts
  • Real Estate Transaction Procedures
  • Foreign Investments
  • Q&A

Global India Guest Presenters:

Tarun Bhatia - President of the National Association of Realtors® - India; Partner M/s Shaloo Agencies

Samir Arora - President Elect of the National Association of Realtors®-India; President Confederation of Real Estate Associates (CREA-India)

Swapnil Patil, Hon. Secretary, National Association of Realtors®-India

Moderated by: Ayres DCunha, ABR, CIPS, RSPS, GRI, e-Pro, SRS, SFR, SRES, MRP, LLA, C2EX, ITI, CDW, AHWD
Licensed Real Estate Associate Broker ; Licensed NYS Real Estate Instructor Long Island Board of Realtors®

REGISTER NOW

Rules Expand Options for Drone PhotographyUpdated FAA rules expand the legal operational capabilities of drones and provide flexibility for operators who use them in their businesses, including real estate professionals. Learn about these new rules and get tips for contracting with a drone photographer in this video.

The use of drones to take captivating aerial photos and videos to market real estate has proliferated since 2016, when the Federal Aviation Administration issued its “Small Unmanned Aircraft Rule”. Now with the FAA’s recent steps to further integrate drones into the national airspace by authorizing operations at night, over people and over moving vehicles, real estate professionals have an expanded ability to use drones to elevate their businesses and service clients.

 

NCJAR’s Government Affairs Committee and NJ Realtors® is watching two bills headed to Gov. Murphy’s desk for his signature:

Consumer Fraud Law

This bill will extend protections already provided to sellers’ agents under the Consumer Fraud Act to buyers’ agents when obtaining information through OPRA requests. 

LLC + Promotions Bill

This bill allows the formation of LLCs by salespersons and broker-salespersons as a way to receive commission income through their broker. The bill also requires disclosures on certain “promotions” offered by a broker to potential and current clients. Previously restricted promotions will be allowed under this bill. It is important to note here that the bill also contains language that if an LLC is formed and commission paid through it, the salesperson or broker-salesperson is specifically not considered an employee. This is one more way we are protecting your independent contractor status. 

Please note: This does not take effect until six months after the NJREC promulgates regulations.

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

License Renewal Deadline2021The 2021 New Jersey Real Estate Commission license renewal closes on July 19, 2021.  License renewals must be completed through the online process by the Broker, Manager, or Admin.  

Any required renewal fees must be paid to your office directly. Please contact the Broker, Manager, or Admin in your office regarding company specific license renewal fee procedures.   

  1. All individual licensees (except Salespersons-Referral and those 40 Year Brokers that are approved by the Commission as exempt) must complete the Continuing Education (CE) Requirement.
    • As of June 1, all licensees who did not complete 12 hours of continuing education have been assessed a $200 fine from the New Jersey Real Estate Commission. This fine cannot be waived.
  1. All individual licensees must complete and submit their individual online Qualifying Questionnaire.

Any licensee failing to satisfy either of these requirements will not be eligible for license renewal.

Lead Booklet Updated March 2021Real estate agents and home sellers,  play an important role in protecting the health of families purchasing and moving into your home. Buildings built before 1978 are much more likely to have lead-based paint. Federal law requires you to provide certain important information about lead paint before a prospective buyer is obligated under a contract to purchase a home. The March 2021 version of Lead Booklet includes the new dust-lead clearance levels that are effective March 8, 2021.