June 16, 2020
Member News
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CORE

Accepting Applications for NAR Emeritus Status  A REALTOR® Member who has held membership in the National Association as a Realtor, Realtor-Associates, or both, for a cumulative period of 40 years, and who has served for at least one year is eligible for Realtor Emeritus status. Applications are due to your local board/association no later than October 2, 2020. For more information and to view the application, click  here.  If you meet the requirements and are interested in applying, email CORE Director of Operations and Finance, Ashlee Carlson at  ashlee@core-realtors.com .

Accepting Applications for NJR Quarter Century Club Been a Realtor for 25 Years? 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 board/association no later than  September 14, 2020 .   Application here.  

CORE member Prakash Dave of Key Realty in Hamilton, NJ, sadly passed away on June 10, 2020. We offer our condolences to his family and friends.

Bright MLS

Local Market Insight: May 2020 Market Stats View report.  

May 2020 Housing Update for Philadelphia Metro  The effects of COVID-19 continued in May as the median sales price fell -4.4%, the sharpest April to May decline in a decade. However, indications of positive change occurred as state restrictions lifted, and new listings came on the market.  Learn more .

Webinars

Hunterdon County Chamber of Commerce: Best Practices Reopening Your Workplace This webinar will cover topics such as EEOC Guidance, Existing Policies, Protocals, PPE Kits, and Monitoring Success. RSVP is required to attend. Tuesday, June 23 from 8 - 9 am. Free. Register here.  

NAR: Members Save on New Tech Edge  Virtual Tech Edge , a three-event online series brought through a two-hour live stream June 30 at 12 pm . Find out how to become stronger a virtual agent from an all-star lineup of speakers. Save 25% with special Right Tools , Right Now pricing at just $14.95 per event.

NJBIZ: Newsinar Reopen, Recover and Redefine Planning for the recovery: What should government and businesses be doing now to ensure a healthy rebound? Should more public funds be made available in the form of loans or grants? Wednesday, June 17, 11 am - 12 pm Register now.  

NJ

NJ Realtor: Open Houses Allowed In accordance with Governor Murphy’s newly released guidelines, as of June 15th,  open houses will now be permitted.   Read more.
 
Governor Murphy Signs Executive Order 152, Setting Forth Guidelines for Indoor and Outdoor Gatherings   Read more.
 
NJBIZ: NJ’s ‘Right to Refuse to Return to Work’ Rules Unveiled as Businesses Reopen Statewide (Updated)  Read more.
 
NJBIZ: US Supreme Court: Employees Can’t be Fired Because of Their Sexual Orientation Last July, five New Jersey companies joined a group of more than 200 in filing an amicus brief to the U.S. Supreme Court urging it to rule that a federal ban on sex discrimination protects LGBTQ individuals.  Read more.

Editor’s note: The Realtor Code of Ethics - under Duties to the Public, Article 10 - prohibits discrimination in real estate and employment matters on the basis of sexual orientation or gender identity, in addition to other protected classes. New Jersey law also includes as protected classes sexual orientation, gender identity and/or expression in addition to other protected classes.
 
NJ REALTORS: Call to Action  Short-Term Rental Proposed Legislation  The new proposed legislation will require refunds or credit if a tenant cancels their rental booking on certain short-term rentals and transient accommodations while a state of emergency or public health emergency is in effect. We need your help to protect our industry, the system of short-term rentals, and contract law in New Jersey.  Act now. T o send a pre-written letter to your state legislator in opposition to this bill, c lick here
 
NJBIZ: Former NJ Gov., First Lady Introduce ‘New Jersey 30-Day Fund’
Businesses will be able to apply for forgivable loans of up to $3,000 under the program from Chris and Mary Pat Christie, which is modeled after a similar one from Virginia.  Read more.
 
GoHunterdon: Funding Alert - NJ Department of Environmental Protection Announces Funding for Electric Vehicle Infrastructure  Grant deadline extended to July 22, 2020.  Read more.
 
NJBIZ: Hunkering Down  Government-mandated business shutdowns are aimed at limiting the spread of COVID-19, but there’s a side effect: A slew of bankruptcies across a swath of industries. Experts say, though, that some businesses can stay afloat during the crisis if they take steps to trim expenses and are flexible about their operating model.   Read more.

NJBIZ: The Cash Flow Continues  New Jersey banks keep lending despite the pandemic.   Read more.  

National

Revised SBA Rules Clarify Repayment and Loan Forgiveness Terms for PPP Loans  Read more.  
 
RISMedia: Fed Rates Unchanged Amidst Coronavirus-Impacted Economy, No Increases Through 2022 On June 10, the Federal Reserve announced it would be maintaining the target range for the federal funds rate at 0 to 1/4 percent, meeting widespread expectations that the Fed would leave interest rates unchanged and near-zero to help preserve the flow of credit in an economy significantly hit by the coronavirus pandemic... More
 
NAR: ‘This is Heartbreaking; I Needed to Do Something’ Realtors galvanize communities on Chicago’s South Side to rush aid to residents and businesses affected by looting and property damage. Read more.
 
NAR: Responding to Hate Speech   Brokerages and REALTOR® Associations have sought guidance from NAR on how to field reports of racist and hateful remarks being made on social media. While each comment must be evaluated individually, NAR has offered general guidance to remove posts, ethics violations, alerting a principal broker, and education.   Read more.
 
NAR: Mortgage Applications Are 13% Higher Than a Year Ago T he reopening of states, low-interest rates, and pent-up housing demands are prompting the upswing as home buyers return to the market. Read more.  

NAR: A Third of Employees Want to Work from Home Many are hesitant to return to the workplace, which could have an impact on commercial space.   Read more.

NAR: New ‘Housing Recovery Index’ Shows Rebounding Metros Some cities hardest hit by the COVID-19 pandemic are seeing signs of a real estate comeback, according to realtor.com ®. Read more.  
 
NAR: Landlords are Suing Retailers for Unpaid Rent Battles over missed payments are brewing as the pandemic continues to put pressure on tenants.   Read more.

NAR: Home Flipping Surges to 14-Year High, Despite Shrinking Returns Flips in the first quarter, jumped to their highest level since 2006, but escalating costs are nibbling at investors’ profits.   Read more .

NAR:  Video  to Aid in Overcoming Bias  NAR has teamed up with the Perception Institute (PI) to bring you an  online workshop  you can use to avoid implicit bias in your daily business interactions. Drawing on evidence-based research, the experts at PI explain how the brain’s automatic association of stereotypes can cause us to treat those who are different from us unfairly, despite our best intentions and often without our conscious awareness. The training applies these concepts to the everyday work of REALTORS®, offering strategies to override bias while conveying respect, ensuring fairness, improving business relationships.  Read more.  

Business Tips

NAR Right Tools, Right Now: Digital Transaction & Marketing Tools   Scroll down the page to view the various offerings. Free to members. Click  here   to view.

RISMedia: When Do You Ask for Help? I recently posted this question on Facebook: What was the final straw that made you want to ask for help for your real estate business? Read more.  

RISMedia: Time-Blocking: Maintaining a Healthy and Profitable Schedule As real estate pro, you’re probably overly familiar with term “time-blocking.” That (most likely color-coded) block of time on your Google calendar that is sacred and can’t be encroached upon is the profit center for many real estate agents… Read more.
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