Passaic County Board of REALTORS®
Views & News 
Friday, June 30, 2017


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Holiday Hours Notice
Please be advised that PCBOR and GSMLS will be closed on Monday, July 3 and  Tuesday, July 4th.  We will re-open on Wednesday, July 5th at 8:30 am.  Have a wonderful holiday weekend!   
NAR's New CEO: "We Must Lead, Not be Led"

When Bob Goldberg, a senior vice president of the National Association of REALTORS®, assumes the top job in August, he says his mission will be to drive industry change and embrace  disruption.  In his first interview since his appointment was announced Friday, Goldberg shares insights with REALTOR® Magazine about his approach to leadership.

Read More
Related: NAR Announces New CEO 
Voice For Real Estate Update Video 
Introducing: Housing Minute
NAR Highlights Flood Concerns

One of seven flood insurance bills the House Banking Committee passed last week raises concerns because it contains provisions that NAR believes will disrupt home sales and cause confusion among consumers. The bills will be consolidated into a single piece of legislation for consideration on the House floor. NAR plans to keep educating lawmakers about its concerns.  
Unlock A New Market - 4 Elective NJ Credits 
Learn about the range of affordable housing opportunities and the clients
seeking them at the Expanding Housing Opportunities Class on Friday, September 29, 2017. The Expanding Housing Opportunity (EHO) class increases your understanding of how affordability bolsters the housing market, engages clients and builds businesses and communities.
Students will learn to better leverage partnerships and resources to expand housing opportunities.

Register Here
Download the Brochure
Download the Flyer 
RPAC: Your Best Investment in Real Estate

Since 1969, the REALTORS® Political Action Committee (RPAC) has promoted
the election of pro-REALTOR® candidates across the United States. The
purpose of RPAC is clear:  REALTORS® raise and spend money to elect candidates who understand and support their interests. The money to accomplish this comes from voluntary contributions made by REALTORS®. These are not members' dues; this is money given freely by REALTORS® in recognition of how important campaign fundraising is to the political process.

How to invest online?
To support RPAC, click on the Member Login tab HERE.  Once logged in, select "My Account" from the drop down menu. Members will be re-routed to the 'My Account Information' page and can click on the 'Invest in RPAC Online' button to contribute.

NJR Circle of Excellence RPAC Investment Credit Deadline- September 29th
RPAC- Your Best Investment in Real Estate
What RPAC Does For You & Your Business
New Jersey Legislative Priorities & Victories
Contributions to RPAC are not deductible for federal income tax purposes. Contributions are voluntary and are used for political purposes. The amounts indicated are merely guidelines and you may contribute more or less than the suggested amounts. The National Association of REALTORS® and its state and local associations will not favor or disadvantage any member because of the amount contributed or a decision not to contribute. You may refuse to contribute without reprisal. Your contribution is split between National RPAC and the State PAC in your state. Contact your State Association or PAC for information about the percentages of your contribution provided to National RPAC and to the State PAC. The National RPAC portion is used to support federal candidates and is charged against your limits under 52 U.S.C. 30116.
Survey: More Buyers Make Offers Sight Unseen

The number of buyers making offers sight unseen-meaning they
physically visited the property-is on the rise, according to a survey of recent hom e buyers conducted by real estate brokerage Redfin. Thirty-three percent of respondents in 11 major  markets say they made an offer on at least one house sight unseen. These types of offers are more common when working with foreign buyers and in markets where homes are selling quickly, real estate professionals say.

Read More
WSJ: Buying A Home Sight Unseen Is Easier Than Ever-and More Common  

Risk Management- Smart Home Devices

NAR Associate Counsel Jessica Edgerton in a video  shares risk management tips for buyers purchasing a home featuring devices connected to the internet, such as the heating system or security cameras.
The Current Landscape of Student Loan Debt Legislation in New Jersey

The following are summaries of proposed bills that NJ Realtors® is closely monitoring  to see how they will impact student loan debt.

Related News: NJ.COM- Recent College Grads are Leaving NJ in Record Numbers

Opendoor is a bigger deal than Zillow

shook up the industry by making it easier for consumers to find
and price ho
mes online.   But a new real estate technology company,  
, is overhauling the traditional real estate business model  in a more fundamental way.  The well-funded startup buys and sells homes itself, giving it unprecedented flexibility to improve speed, convenience and customer experience.  Opendoor is pioneering online offers, 24-7 open houses and home purchase guarantees. Plus it could move in many other directions, such as seller financing and discounts to unrepresented buyers. It currently works with buyer's agents,
but it's building the pieces to cut them out altogether. And unlike
Zillow, it is capturing commission dollars.

11 reasons for sale by owner is a terrible idea
Agents can save Sellers time, money, liability and hassle -
from Inman News 
  • FSBOs are more costly than homeowners realize -- including lower sales prices and hidden fees.
  • Selling a home is a complicated transaction -- sellers and buyers alike can get burned  with FSBOs.
  • Time costs money -- a FSBO costs the seller valuable time, and it takes longer to sell.
Tech ThursdayLunch & Learn
July 6th @ PCBOR- Google & YouTube

Presented by Absolute Home Mortgage  

In this session agents will learn the in's & out's of Google Plus and its  connection with YouTub e's potential for getting you on the first page of Google. Learn the basics of navigating Google Plus and YouTube profiles, and why it is important for every Realtor® to have a Google Plus account. Review of Google and YouTube's best features. A demonstration
on how
to build listing videos with windows movie maker. 
July 12th Mixer at Runway 22

J oin us for our July Mixer and Business Card Exchange, Wednesday, July 12th
(from 5:00 - 8:00 pm) at Runway 22, 168 Passaic Avenue, Fairfield, NJ 07004. 

First 60 Attendees $10.00 / $20.00 thereafter - includes two house drinks and appetizers.  
Here is the flyer with additional information. 

Thank you to our July Affiliate Mixer Sponsors
PCBOR® Proudly Presents the Certified International Property Specialist Institute (CIPS)

Step into the global arena and market your business to the world with the Certified International Property Specialist (CIPS) Designation.  PCBOR® will be hosting the entire five-day CIPS Institute at our Board office (204 Berdan Avenue, Wayne), starting Thursday, September 7th, 8th, 11, 12, ending on Wednesday, September 13th.

In this five-day CIPS Institute, you will learn the critical aspects of international real estate transactions, including:
  • Globalization of economies
  • International capital flow 
  • Marketing and business planning strategies
  • Roles and expectations in international transactions
PCBOR® Members Only- Early Bird Registration by July 15th: $425.00
Upon completion of all classes, an additional $75. application fee and $220. annual dues are required to receive this designation.
New Jersey Realtors®
Quarter Century Club- 2017

New Jersey Realtors® recognizes Members who have been a Realtor® for 25+ years.  Members
who would like to apply may do so here.  Deadline for submission is September 13th to the PCBOR® Board office. 

Any questions?  Contact Pat Batavia, Board staff liaison for this recognition.
NJ Realtors® Good Neighbor Award Application Now Available

The New Jersey Good Neighbor Award Application is now available.  NJR® recognizes three Realtors® who have made an extraordinary commitments to improving the quality of life in their local and/or global communities through volunteer service.  Winners can win one of three cash prizes for their charity which will be presented at the Triple Play Conven tio n and Trade Expo in December.  Deadline for entry is September 22, 2017. 
A No-Cost Membership Service
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