NJ Realtors® Weekly—Aug. 7

Published Aug 07, 2024

Here's Your Top Five Stories of the Week

1. Implement the New Law with New Forms

To comply with the Real Estate Consumer Protection Enhancement Act, New Jersey Realtors® launched new and revised forms in the forms library.

What are the New Forms? 

  • Addendum to Agency Agreement
  • Form 130A: Informed Consent to Designated Agency (Buyer)
  • Form 130B: Informed Consent to Designated Agency (Seller)
  • Form 131A: Informed Consent to Designated Agency (Tenant)
  • Form 131B: Informed Consent to Designated Agency (Landlord)
  • Form 144: Non-Exclusive Tenant Agency Agreement
  • Form 148: Cooperating Broker Compensation Agreement

Which Forms Were Revised?

  • Form 120: Non-Exclusive Buyer Agency Agreement
  • Form 121: Exclusive Buyer Agency Agreement
  • Form 126: Exclusive Tenant Agency Agreement
  • Form 128: Exclusive Buyer Agency Agreement with Rebate Provision
  • Form 129: Non-Exclusive Buyer Agency Agreement with Rebate Provision
  • Section 29 and Section 30 of NJ Realtors® Form 118: Contract of Sale
VISIT THE FORMS LIBRARY

2. Real Estate Commission Releases Guidance on New Law

I'm Listening: The New Jersey Real Estate Commission issued Bulletin No. 24-11 to provide guidance to real estate licensees regarding the requirements of the Real Estate Consumer Protection Enhancement Act, which went into effect on Aug. 1.

Where Can I Find It? Click here to read the bulletin.

3. New Social Media Templates Launched to Help You Educate Consumers About the New Law

Tell Me More: NJ Realtors® launched social media templates that highlight different sections of the Real Estate Consumer Protection Enhancement Act.

Where Can I Find Them? Templates are available at njrealtor.com/cpea at the bottom of the page.

4. Earn CE at the Governor's Conference

I'm In: Attend the Governor's Conference on Housing and Economic Development on Sept. 17-18 at Harrah's Resort Atlantic City and earn continuing education toward your license renewal.

What Sessions are for CE?

From Voucher Holder to Homeowner – Strategies to Address Wealth Disparities 

1 Elective CE Credit

With NJDCA Supervisor of Operations Nieisha Law and Freddie Mac Affordable Lending Manager Carolina Valderrama-Baker.

New Jersey Division on Civil Rights Fair Chance in Housing Act

1 Fair Housing CE credit

With New Jersey Realtors® Director of Professional Services Teresa Tilton, RCE, AHWD, and NJ Dept. of Community Affairs - Div. of Housing & Community Resources Senior Policy Advisor Renee Wolf Koubiadis.

Women, Millennials, Veterans, and Minorities

1 Elective CE Credit

With New Jersey Realtors® Director of Professional Services Teresa Tilton, RCE, AHWD, and Freddie Mac Affordable Lending Manager Carolina Valderrama-Baker.

LEARN MORE

5. New Campaign Launched to Educate Consumers

Tell Me More: To build brand awareness and educate consumers about how industry changes will affect the home buying and selling process, New Jersey Realtors® launched a brand-new consumer advertising campaign: Looking for a home?? Don't do it alone! Use a New Jersey Realtor®.

Where is the Campaign Running? Print and digital billboards (major highways throughout the state), on social media (TikTok and Meta), in print (NJ Home, Design NJ, Edible NJ, etc.), in email inboxes with sponsored content (NJBiz, New Jersey Business, and NJ Spotlight), and on TV with NJPBS and News12 (Time and Temp).