~ NAR Updated Reminder ~
Implement Practice Changes by August 17
Ahead of the August 17 implementation of NAR’s practice changes, NAR wanted to provide a few reminders of actions that are required to obtain a release of liability and protect your organization from claims related to broker commissions:
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NAR recommends that all MLSs implement practice changes by August 17. REALTOR® MLSs (those owned exclusively by one or more REALTOR® Member Boards) must do so to remain in compliance with NAR policy.
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Offers of compensation are prohibited on MLSs. Offers of compensation will continue to be an option consumers can pursue off-MLS through negotiation and consultation with real estate professionals. Offers of compensation help make homeownership and the benefits of professional representation more accessible to buyers, including first-time homebuyers, increase homeownership opportunities for historically underserved groups, and benefit sellers by expanding the potential buyer pool.
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Agents working with a buyer must enter into a written agreement before touring a home. Ahead of August 17, NAR encourages all members to address form changes and prepare to educate real estate professionals and consumers about revised forms. NAR policy does not dictate the terms of buyer agreements, but NAR has created resources to assist with implementing the settlement terms—such as tips on clarity and emphasizing consumer choice—including their “Written Buyer Agreements 101” resource, available here.
The practice changes are detailed here, and clarifying information is available in NAR's FAQ on facts.realtor.
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Economic & Housing Market Outlook with Dr. Lisa (In-Person Event)
Thursday, August 29
9:30 AM - 12 PM
Cost: $5
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Location:
NJ REALTORS® Headquarters
10 Hamilton Avenue
Trenton, NJ 08611
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Dr. Lisa Sturtevant, Chief Economist with Bright MLS, will provide an update on the U.S. and New Jersey housing market, with an outlook for what to expect over the next six months. The presentation will cover key economic and demographic trends shaping the New Jersey market and a discussion of the potential impacts of the NAR settlement, presidential election, and other "wildcards" on the housing market. Coffee and pastries will be provided. Download the flyer here.
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Take the ABR® Course for Free - Valued at $295 Sponsored by the National Association of REALTORS®
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Monday, August 19 &
Tuesday, August 20
9 AM – 4:30 PM
Hybrid Option: In-person attendance & limited virtual attendance
Breakfast & lunch are provided both days for in-person attendees.
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This two-day Accredited Buyer’s Representative Designation course focuses on key information and skills you need today when working with buyers, so you can be prepared to articulate and demonstrate your value and help buyers understand written buyer representation agreements. Attendance on both days is required for both in-person and virtual attendance.
This course is part of the requirements to earn the ABR® Designation. Earn 12 NJREC CE Ethics credits by completing this course.
Location: NJ Principals & Supervisors Association (NJPSA), FEA Conference Center, 12 Centre Drive, Monroe, NJ 08831
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Presenter: Patricia "Patty" Badia | | |
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Meet Up of
Commerical Real Estate Practioners (In-Person)
Thursday, July 25
9:30 AM - 11 AM
No Cost for Members | $25 Non-Members
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Join Jonathan Benowitz of Davis Commercial Real Estate for a cup of coffee, networking, and the ability to promote your listed commercial properties to other commercial agents. All attendees will receive a free Commercial Real Estate REALTOR® pin and the CREATE publication. Download the flyer here.
Location:
Mid Jersey Association of REALTORS®
14 Old Bridge Turnpike, South River, NJ 08882 Training Room
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Presenter: Jonathan Benowitz | | |
You Only Have a Few Days Left to Submit the MJAR REALTOR® of the Year Award
Nomination Form!
Deadline Monday, July 15
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Have you or someone you know contributed the most to advancing their community and the REALTOR® organization at all three levels (local, state, and national), and have been significantly involved in civic and charitable activities? Then, submit your nomination today! Submit the nomination form to MJAR Communications Manager Ester Rodriguez at Ester@MidJerseyAOR.com.
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Social Media and Content Creation Basics for REALTORS®
Thursday, July 18
10 AM - 12 PM
No Cost to Members
In-Person Workshop
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Join Desmond Stanley of The Incubator in this in-person workshop designed to give you hands-on experience that includes:
- Content Creation with Canva
- Video Content Creation with CapCut
- Strategic Posting & Engagement
- Q&A and Action Plan Development
Note: Bring your laptops and cell phones for a truly hands-on experience.
Download the flyer here.
Location:
Mid Jersey Association of REALTORS®
14 Old Bridge Turnpike, South River, NJ 08882 – Training Room
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Presenter: Desmond Stanley | | |
MJAR Seeks Leaders
Nominations Open for 2025 Director Positions of Mid Jersey Association of REALTORS®
Deadline to Submit an Application: Thursday, August 1
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MJAR is accepting applications for 2025 Board of Director positions. Candidates must have a current MJAR membership. The three year term runs from January 1, 2025 through December 31, 2027. If you’re interested in serving your fellow members and MJAR in a volunteer leadership role beginning January 1, 2025, submit the completed application form by August 1, 2024.
For more information, view and download the application form to the left. For questions, contact MJAR Operations Manager Mary Ann Wissel at Operations@MidJerseyAOR.com.
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New for 2024!
Are you committed to community service?
We want to hear about it!
Award recipient will receive $500 for their 501(c)3 charitable organization.
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The Mid Jersey Association of REALTORS® Good Neighbor Award will be presented to one REALTOR® who has made an extraordinary commitment to improving the quality of life in their local and/or global communities through volunteer work benefiting a 501(c)3 nonprofit charitable organization. The community work must have been conducted between August 2023 to the present. For more information, download the nomination form below. | | |
Submit Your Code of Ethics Certificate of Completion
If you have completed your ethics course for this CE cycle, please submit your certificate of completion to Info@MidJerseyAOR.com so MJAR can update your record with the National Association of REALTORS® to reflect your completion of the triennial Code of Ethics requirement.
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Current Cycle for Code of Ethics Training:
January 1, 2022 – December 31, 2024
REALTORS® are required to complete ethics training of not less than 2 hours and 30 minutes of instructional time. The training must meet specific learning objectives and criteria established by the National Association of REALTORS®. Note: NAR Code of Ethics training cycles run on a triennial basis.
Check your Code of Ethics status here. For information about Code of Ethics training tools and resources, click here.
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SAVE on Your CE this Summer!
Save on your real estate and professional development education through the month of July. Use promo code JUL30.
Mid Jersey Association of REALTORS® has established an agreement with The CE Shop to promote online course information to consumers and real estate licensees. Mid Jersey Association of REALTORS® is not the developer of these courses and is simply providing a referral. Any questions regarding course content or technology should be directed to The CE Shop.
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Update - NJ Real Estate Consumer Protection Enhancement Act
Governor Murphy signed the Real Estate Consumer Protection Enhancement Act into law. The law, which will go into effect on August 1, strengthens both consumer and real estate licensee protections. NJ REALTORS® is looking at all forms and contracts to ensure they conform with the new statute. Read the press release.
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Economic Update and Market Trends for Brokers
Wednesday, July 24
1:00 PM
NAR Deputy Chief Economist and Vice President of Research Jessica Lautz will share an economic update and market trends for brokers. Find out what’s in store for the real estate market in the upcoming months and what that means for your brokerage.
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Supra Users Upgraded to eKEY Pro at No Additional Cost
Updated 6/27/2024
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Home Screen of the eKEY Pro | |  |
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Starting June 12, MJAR is providing you with a next-level Supra eKEY app as a complimentary upgrade we've negotiated for our members. SUPRA eKEY Professional will be offered to MJAR members at the eKEY Basic rate of just $21.84/mo.*, a fantastic value for the enhanced features and capabilities it offers.
Learn more about eKEY Professional here.
For current Supra subscribers, agents should see an additional Roster icon on their Supra eKEY app Home screen. If you can not locate the icon, you will need to update your eKEY—this should update the Supra app to the eKEY Pro version.
View the flyer to learn the difference between eKEY Pro and eKey Basic. For questions, email Supra@MidJerseyAOR.com.
*Plus applicable tax
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Agreement Buyer Agency Form | |
The updated Agreement form is available on zipForm here.
If you missed the briefing with New Jersey Realtors® legal Counsel regarding the review of the new agreement, you can view a recording here.
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NAR's Lawsuit Settlement Resources | To help address frequently asked questions and support your ongoing conversations about NAR's Legal Settlement, visit facts.realtor. You no longer have to log in to this site. | |
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NJ REALTORS®
Legal Library
| Do you have a legal question? Browse NJ REALTORS® ’ Legal Library’s database of previously asked questions or post a question of your own—you’ll be notified once a response is posted in the library. Access the Legal Library here. | |
2024 Premier Affiliate Members | |
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Affiliate Membership Application
Become an Affiliate member and take advantage of the opportunity to market your services to approximately 7,500+ members of the Mid Jersey Association of REALTORS® . Download the Affiliate membership application here.
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