July 28, 2020
Member News
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Home Sale Stats for CORE - June 2020 View report.

Congratulations to CORE member Steve Pagan who has been elected 2021 First Vice President of NAR's Real Estate Business Institute (REBI)!

CORE is excited to announce our First Virtual Office Principal Forum , to be held Wednesday, August 5 at 2 pm on the topic, New Jersey REALTORS® Update with 2020 President Angela Sicoli and CEO Jarrod Grasso. CORE broker-owners, managers, and other office principals are invited to join your fellow CORE offic principals for this special program, which is being held at no charge. Registration is limited, so reserve your "seat" today! Register here. 
  • If you have a question that you would like addressed during this event, please submit your question to CORE Director of Education & Events, Craig Pantellere at craig@core-realtors.com.

NJ REALTOR® New Member Perks Partner: RentSpree Webinar - Tenant Screening 101: Tips, Tricks, and Best Practices You can streamline your rental screening process. It combines an online rental application, credit report, background check, and eviction report all into one tool.   Click here  to register for the webinar. Thursday, July 30, at 1 pm. 
Hunterdon County Chamber of Commerce: Multi-Chamber Virtual Networking Our Virtual Networking Breakfast is designed to provide members and guests with the opportunity to network with other members, develop new connections, and grow their business. Friday, July 31, at 9 - 10:30 am. Non-Member $20 / Members Free.  Register now.  
Bright MLS

System Updates Expected in August We’re looking forward to a busy August with some exciting system updates:
  • The option to auto-close a listing on the scheduled close date will be added in early August. 
  • The Hot Water field will be made a required field for Residential Sale, Residential Lease, and Farm listings.
  • Updates will be made to the Bright login screen to improve functionality. 
  • Cloud CMA will be enhanced with the new Homebeat functionality. With Homebeat Cloud CMA, users can automatically stay in touch with past clients and homeowners by setting them up to receive automated, online CMAs.

Agent Report Options Reference Sheet Bright created a quick reference sheet to make it easier to pick the right report for the task. Read more and watch video here.

NJ REALTOR®: The ABCs of Cryptocurrencies in Real Estate Do you know what Bitcoin is? Do you know the ins and outs of digital currency? Obtain answers to your questions about the world of digital currency here.  Read more.  

NJ REALTOR®: Participate in the C2EX Challenge Advocate for the future of the industry and showcase your professionalism with the Commitment to Excellence, C2EX, program through the National Association of Realtors.
  • Start your C2EX journey with the program's self-assessment, which measure your knowledge in different categories such as technology, advocacy, and client service. Then, start on your custom learning path to earn your C2EX endorsement. Over 50,000 members have begun their journey to excellence—are you up for the challenge? Start here. 

NJ.com: Yoga, Pilates, Martial Arts Studios Can Reopen for Indoor Classes in NJ .   Here are the new rules.  
NJBIZ: NJ Health Officials Warn of COVID Spikes Among Young People at ‘Underground’ Parties. State health officials are warning about an uptick in outbreaks of the virus stemming from house parties.  Read more.
Commercial Real Estate

NAR: Commercial Real Estate Needs Help Stabilizing Eliminating 1031 like-kind exchanges would hit mom and pop investors hardest and cause a devastating domino effect on the economy. R ead more.  

Realtors Property Resource (RPR): Use Public Records to Find Commercial Prospects   Read more.  

RPR: Tech-Savvy Clients Challenge Realtors to Work Smarter with Residential and Commercial Reporting Tools  More here.  

NAR: Existing-Home Sales Surge to Record Pace in June “This revitalization looks to be sustainable for many months ahead as long as mortgage rates remain low and job gains continue,” says NAR’s chief economist. Read more from NAR’s latest housing report.   Read more.

NAR: Bill Proposes ‘Pandemic Savings’ for First-Time Home Buyers Legislation would allow first-time homebuyers to withdraw funds tax-free from their retirement accounts to use toward a down payment.  Read more.  
NAR: Home Buyers Are Still Making Offers ‘Sight Unseen’ “I’ve never had a truer sense of what I’m buying before I made a bid,” says one buyer who virtually toured a property.   Read more.  
NAR: Rent Prices Grow at Slowest Pace in a Decade Rents in February had notched their highest increase in four years before the pandemic hit.  Read more.  
NAR: Bidding Wars Continue to Heat Up Don’t let your home buyers be caught off guard: Help them be ready to face steep competition.   Read more.

NAR: What’s Motivating Moves During the Pandemic “Quarantine provided a chance to experience our homes with new purpose,” a new survey shows. For many, it’s made them want to move.  Read more. 

NAR: Real Estate Among ‘Industries to Watch’ Post-COVID-19 The pandemic has forced many industries to reconsider their business models. Which ones will thrive?  Read more.
NAR: Housing Construction Posts Double-Digit Gains But it’s not enough to make up for housing shortages, says NAR’s chief economist, who says the country needs at least 1.5 million more units to meet buyer demand.  Read more.  

New Member Portal Coming Soon!
CORE is pleased to announce that we are in the final stages of upgrading to a new association management system (AMS) and member portal. The new member portal will provide you with an easy-to-use interface to better manage aspects of your membership and other interactions with CORE. Watch our emails for updates on the scheduled launch date next month!

The date of the 2020 CORE Circle of Excellence Breakfast, which will include the Installation of 2021 Officers & Directors, is tentatively scheduled for December 16 at The Palace in Somerset. Once the CORE offices in Trenton and Branchburg are reopened, members who want to pick up their Circle of Excellence of Certificates or Awards will be able to do so. Watch our e-newsletter for updates!
Applications for Realtor Emeritus Status A Realtor who has held membership in NAR for a cumulative period of 40 years as a Realtor, Realtor-Associate, or both, and who has served for at least one year at NAR is eligible for Realtor Emeritus status. Applications are due to your local association (CORE) no later than October 2, 2020. The service to NAR that qualifies is at least one full year as a NAR officer, director, committee member, Federal Political Coordinator, Global Ambassador, or Global Coordinator to a country with which NAR holds a reciprocal agreement. For more information and to view the application, click  here.  If you meet the requirements and are interested in applying, contact CORE Director of Finance & Operations Ashlee Carlson at  ashlee@core-realtors.com .
New Jersey REALTORS️®: Been a Realtor for 25 Years? NJ REALTORS Quarter Century Club honors NJ Realtor members who have served as Realtors or Realtor-Associates faithfully in New Jersey for 25 years or more. Applications are due to your local association (CORE) no later than September 14, 2020.   Application here.
NJ REALTORS: Good Neighbor Award Application Now Available. The award recognizes three Realtors️ or Realtor-Associates who have made extraordinary commitments to improving the quality of life in their local and/or global communities through volunteer community service. The nominee's community work must have been conducted, started, or completed between September 1, 2019, and August 31, 2020.
  • Three winners will be chosen and receive a grant for their charity of choice - $2,500 for first place, $1,500 for second place, and $1,000 for third place.
  • Deadline: September 18, 2020.
  • Read about the 2019 winners here.
Apply  here.

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