July 14, 2020
Member News
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CORE

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 office principals for this special program, which is being held at no charge . Registration is limited , so reserve your “seat” today!  Register here.

Webinars

NAR: Five Options to Deal with Debt  Learn strategies for eliminating and managing debt; the financial, credit, and tax ramifications of debt; and more.  July 15 at 2 pm. 
Register now.  To view Wellness webinar recordings, click  here.
 
NAR Realtors Property Resource (RPR): How Will You Work with Buyers in the Future?  This recorded webinar is about virtual solutions for a virtual world. To view recording, click  here.  
 
NAR: The Asia/Pacific & International Real Estate CIPS  This course counts as one of the three elective courses required to earn the Certified International Property Specialist (CIPS) designation. Real estate professionals are introduced to the basic skills and knowledge necessary to facilitate transactions with Asian clients, benefiting both experienced real estate professionals, and those just started in the field. Right Tools, Right Now Price$102.90 Regular $147  Register now.  
 
NAR: The At Home with Diversity Certification Course  This course addresses diversity, fair housing, and cultural differences. The course also teaches real estate professionals how to conduct business with sensitivity to all client profiles and build a successful business plan to serve all. Exclusive Extended Price (ends 12/31/20): $49.50| Regular Price: $99.00  Register now.  

Bright MLS

Market Activity Overview, Week of July 6:
  • Inventory fell to its lowest level since tracking began in March, as the week came in at 87.2 percent of last year.
  • New contract levels stayed strong, coming in at 120.6 percent of the same week 2019 activity.
  • New listing volume (96.9 percent of 2019 same week) performed similarly to last year.
  • Showings continued well above prior-year levels at 132.0 percent of the comparable week a year ago.
View full report  here.
Commercial Real Estate

NAR Realtors Property Resource (RPR): How to Find Commercial Comps Using RPR View this step-by-step guide on how to pull commercial comps. With access to 450,000 listings across the country and 55 million off-market properties, commercial practitioners can use RPR to find stats and data to help make informed decisions to present opportunities to investor clients. For more information, view the guide  here.  
 
NAR: Discovering Commercial Real Estate Course  Learn the basics of commercial real estate and how it differs from residential real estate. This course explains the business and introduces many of the resources needed to pursue a commercial transaction or a career in commercial real estate. Right Tools, Right Now Price: $34.30 | Regular Price: $49.00  Register now.

NJ

New Jersey Enacts Permit Extension Act of 2020 to Address Delays Caused by COVID-19  The Permit Extension Act of 2020, which Governor Murphy signed into law on July 1, 2020, will have a significant impact on pending real estate projects - both those that have received government approvals and those with pending applications before governing bodies. It is imperative that permit holders contact the appropriate state agency issuing their permit to ensure registration. Failure to do so within the prescribed time will render the permit or approval ineligible for extension. Read more.
 
Governor Murphy Adds 3 More States’ Travelers to NJ Self-Quarantine List  With the inclusion of Kansas, Oklahoma, and neighboring Delaware, 19 states are subject to the recommendations from New Jersey, New York, and Connecticut.  Read more.  

Business Guides

NAR RPR: The Wow Factor: Episode 4 Virtual Real Estate Join special guest Ines Hegedus-Garcia, a Miami Realtor and Director of Strategy and Innovation at Avanti Way Realty. Ines discusses how she’s coping with the ever-changing market, and she shares tips and techniques on virtual open houses and virtual staging. Make sure to stay tuned in until the end for a how-to on using RPR Market Activity Reports when conducting virtual open houses.  View video.
 
NAR RPR: How to use RPR and Canva to Make Shareable Market Charts for Social Media  Right now, most homeowners and potential buyers have several questions about their real estate market. Reach them and make a connection by creating graphic market charts with RPR and Canva. This article shows you step-by-step how to pull it off and position yourself as the local real estate expert in your social media circles.  Read more.  
 
NAR RPR: The Ultimate Guide to Facebook Lead Ads for Realtors  Social media has emerged as a lucrative business tool for capturing real estate leads, especially within Facebook, which is why RPR is offering this detailed, step-by-step guide on how to create Facebook lead ads.  Read more.
 
Social Media Examiner Podcast: Want to Create Better Visuals for Your Marketing?  Learn visual design tips for non-designers. Listen to the podcast  here .  
National

NAR: A Buyer's and Seller's Guide to Multiple Offers  This consumer-focused brochure is designed for Realtors to inform buyers and sellers of the potential consequences of multiple offer situations.  R ead more.  
 
NAR: Who Knows How New Your "New" Listing Really Is?  To a broker, a “new listing” may mean a new contract. But to buyers, “new listing” suggests a house that’s just come onto the market. What are the implications for truth in advertising?  Read more
 
NAR: Should Employers Test for COVID-19  Business owners are struggling with which workplace safety measures to implement as people return to work.  Read more.  
 
NAR: Black Homeowners Pay Higher Property Taxes, Study Shows  They pay 13% more annually than White households in a similar financial situation, according to a new analysis.  Read more.  
  
NAR Update: Online Notarization  COVID-19 has raised consumer awareness about technologies that enable the buying and selling of property safely and conveniently. The growing acceptance of remote online notarization is more important than ever. Check out  this information , and learn what you can do to encourage your settlement partners to embrace electronic closings.
 
NAR: Flood Insurance Resources from NAR, FEMA  Real estate pros and lenders need to explain flood insurance offers and requirements to sellers, buyers, and business owners. So NAR has worked with the Federal Emergency Management Agency to develop a collection of resources, including webpages, fact sheets, infographics, and publications.   Review the materials , now available as part of NAR's Right Tools, Right Now initiative.
 
NAR: Podcast Deciphers the Data  It’s important for Realtors to know and understand data that can help you plan for your business. Dr. Jessica Lautz of NAR Research helps members do that in  podcast episode 42  from the Center for Realtor Development.
 
NAR Calls on HUD to Withdraw Disparate Impact Rule  NAR has asked the U.S. Department of Housing & Urban Development to withdraw its proposed rule to amend the HUD interpretation of the Fair Housing Act's disparate impact standard.  In the letter , NAR cites broad national consensus to advance efforts to eradicate racial discrimination while arguing HUD's revisions place too heavy a burden on the ability of parties to bring legitimate initial disparate impact claims.
 
NAR: What to Keep and Throw Out After a Pandemic  Some of the ways real estate pros have adapted during the COVID-19 era will stay with the industry for the long term.
 
NAR: Spotlight on First-Time Buyers  Market Pulse offers a glimpse at recent housing market trends.  Read more. ­­­  
Reminders

The [still tentative] date of the 2020 CORE Circle of Excellence Breakfast , which will include the Installation of 2021 Officers& Directors, is December 16 at The Palace in Somerset. Once the CORE offices in Trenton and Branchburg are reopened, and that date is scheduled to be determined soon, 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 is 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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