NJ Realtors® Weekly—July 10

Published Jul 10, 2024

Feature Story of the Week

Join HOF at a Phillies Game Next Month

Take your family and friends out to the ball game and attend New Jersey Realtors® Housing Opportunity Foundation's Phillies fundraiser on Aug. 14. Tickets are $40 and spots are limited.

PURCHASE YOUR TICKET
Sponsorship opportunities are also available. Don't miss out on this unique opportunity to promote your business. Click here to learn more.

1 Legislation Passed to Increase Real Estate Transaction Transparency

What's the Latest? Gov. Murphy signed Bill S3192/A4454, the Real Estate Consumer Protection Enhancement Act, into law today.

What Should I Know? The law, which will go into effect on Aug. 1, strengthens both consumer and real estate licensee protections.

The following are the six major changes the law provides for:

  • Sellers must provide a fully completed property condition disclosure form before buyers sign a contract.
  • Listing agents will be required to explicitly disclose who they represent at open houses.
  • Designated agency, which enables a brokerage to appoint an agent to either side of a transaction at the client’s request, is now permissible.
  • All real estate licensees will be required to use brokerage agreements, which outline services they will provide to all clients over the course of a respective transaction.
  • Sellers’ agents can no longer disclose compensation in Multiple Listing Services or notify MLSs about cooperative compensation.
  • Continuing education classes on agency are now required.

NJ Realtors® is looking at all forms and contracts to ensure they conform with the new statute.

2 Reclaim Your Real Estate Path and Read the July/August Magazine

What Articles Can I Expect in this Issue? How to reconnect with your real estate careerReels tips for Realtors®town spotlight on Bradley Beach, and more.

Where Can I Read the Magazine Online? Click here to read the digital edition.

3 Show Your Value to Consumers

Tell Me More: To help convey your value to current and potential clients, New Jersey Realtors® encourages you to share its Instagram series showcasing the ins and outs of working with a Realtor®.

Where Can I Find the Posts? Click the links below and share these posts to your Instagram Stories.

4 Celebrate Your Community Volunteer Efforts

I'm Listening: New Jersey Realtors® Good Neighbor Award is now accepting applications and this year's first-place winner will receive $2,500 for a 501(c)(3) organization of their choice.

Can I Nominate a Colleague? Absolutely! Submit an application by Sept. 6.

5 Summer Savings on Select Designation and Certification Courses

What Courses Are on Sale? The Seniors Real Estate Specialist, which equips agents with what they need to excel in the 50+ real estate market, and the Military Relocation Professional, which will help you provide real estate services to service members at any stage in their career.

Where Can I Sign Up? Click here to register and save 20% off.

 

 

APPLY HERE