Here's Your Top Five Stories of the Week

Feature Story of the Week

Congratulations to the 2024 Scholarship Recipients

Last month New Jersey Realtors^® Educational Foundation awarded $60,700 in scholarships to 38 students pursuing a college or university degree.

A special thank you to all of our donors for supporting the foundation's mission of fostering education.

View the winners.

1. State Legislature Passes Bill A4454/S3192

Tell Me More: The State Assembly and State Senate officially passed the Real Estate Consumer Protection Enhancement Act. The bill now awaits the governor's final approval.

What Should I Know About the Bill? The bill will mandate the use of the seller's property condition disclosure statement, disclosure of representation at open houses, allow for designated agency, and mandate buyer agency agreements.

2 Gov. Murphy Signs FY 2025 State Budget into Law

What's the Latest? Both houses of the State Legislature passed the fiscal year 2025 state budget. The governor then signed it late Friday evening.

What Else Should I Know? The budget appropriates $56.7 billion in state funds and $27.5 billion in federal funds. It does not include any new taxes or fees impacting the real estate industry and will provide property tax relief for homeowners and renters, create a new funding stream for NJ Transit, and yield the highest level of school funding in history.

Learn more here.

3 Promote Your Value as a Buyer's Agent

I'm Listening: Realtor.com^® launched a buyer's agent toolkit to promote your value, showcase your expertise, and share more about your services.

Where Can I Find the Toolkit? Click here for the toolkit and start highlighting your dedication to current and potential clients.

4 Learn How to Use AI in Marketing

Keep Talking: Streamline your summer marketing with the help of artificial intelligence. NJ Realtors^® Member Perks Partner Constant Contact will walk you through during their webinar next week.

What Are the Details? Click here to register and tune in at 10 a.m. on July 9.

5 Attend a Phillies Game Next Month

Go On: New Jersey Realtors^® Housing Opportunity Foundation is hosting a fundraiser at the Phillies to support its mission to foster safe and affordable housing. Tickets are $40 and $17.30 of each ticket is considered a charitable donation.

When's the Game? Aug. 14, 6:40-10 p.m. at Citizens Bank Park. Purchase your tickets.

Numbers of the Week

10,038

@njrealtors Instagram Followers

38

Average Number of Days Homes are on the Market

40

Senate Votes in Favor of the CEPA Bill

$56.7 Billion

FY 2025 State Budget

NJ Realtors®—July 3