July 7, 2021
Member News




CORE
Welcome CORE’s Newest Affiliate Members! You can learn more about this business by visiting our Affiliates page or click the link below.

Members are encouraged to use affiliate member products and service whenever possible. Click here, for our affiliate member directory. 


Local
Patch.com: Hunterdon and Somerset Counties Ranked in Top of Healthiest Communities List Out of 500 healthiest cities in the US, Hunterdon County ranked 15 and Somerset County ranked 51, according to a 2021 ranking by U.S. News, which looked at categories such as... Read more. 

Mercer County: Is Your Best Friend Protected? Trenton Animals Rock and the Trenton Animal Shelter offer free parvo vaccine clinics for Trenton dogs Thursdays and Fridays, from 11:00 am to 1:00 pm to the end of July at the shelter on 72 Escher Street, Trenton. Read more. 


Continuing Education (CE)

For Brokers: Need to Renew Your Agent's License? You can do so here. Licensees are required to complete the Qualifying Questionnaire prior to renewing their license.

License Renewals: The NJ Real Estate Commission is providing extension dates for the regular deadlines during this renewal cycle. The licensing renewal cycle deadline of June 30 has been extended to Monday, July 19. The late fee of $200 is now due and payable for any license renewals during this CE cycle. 

SUPRA
CORE's Mercer SUPRA Key Activation Fee Waived Need a SUPRA eKEY? Now’s the time to schedule an appointment. The $50 activation fee on new CORE eKEYS is waived until August 3. Find out more about CORE’s SUPRA eKEY covering Mercer County with many no-cost reciprocals with other SUPRA systems in NJ and how to schedule your appointment here. 

Got a SUPRA Question? Visit the SUPRA page on the CORE website to learn about the following topics!
  • Steps to setup a CORE SUPRA eKey
  • Current Promotional Offers
  • A List of CORE's SUPRA Reciprocities
  • And more...

New to SUPRA - Introducing Agent & Broker Training Check out the Agent Training Resource page on the CORE website and get all the updated information for the agent training program. Additionally, agents can enter a monthly drawing from the resource page. For more information about SUPRA's agent and broker training or to view a schedule of live sessions, click here. 

Webinars & In-Person Events

Somerset County Business Partnership (SCBP): Minority Business Leaders Roundtable (Webinar) Hear from two spotlight speakers who will share their experiences with their small businesses. This Somerset County Business Partnership's group was created to help minority business owners get the business resources they need to grow their business. Friday, July 9, from 9:00-10:30 am. No-cost for members, $25 for non-members. Register now.

SCBP: Sustainable Somerset (Webinar) Join Sustainable Somerset for a morning of networking and business building with members interested in promoting environmental sustainability in Somerset County. Tuesday, July 13, from 8:30-9:30 am. No-cost for members, $25 for non-members. Register now.

NAR: Navigating Multiple Offers – How to Prevail in Today’s Wild Market (Webinar) In today’s wild market, managing multiple offers on both sides of the transaction can be challenging. Join this month’s Conference Year-Round to get quick, clear breakdowns of the insights and solutions for how to best navigate multiple offers. Wednesday, July 14 at 1 pm EST. No cost. Register today.

SCBP: Coffee & Connections Networking Join this in-person networking event at Stoney Brook Grille. There will be networking on the outside patio as well as an adjacent, inside room. Coffee and danishes will be available. Wednesday, July 14, from 8:30-10:00 am. Fee: $10 for members/$35 for non-members. Register now.


Commercial Real Estate

NAR: Warehouse Boom Keeps Commercial Real Estate Afloat Retailers are feverishly hunting for more space to fulfill a record number of online orders, a bright spot for commercial pros still struggling to find clients. Read more.


NAR: Retailers Look to Nearby Grocers to Draw Traffic Shops close to grocery stores, which have shown particular resiliency during the pandemic, are seeing an uptick in business. Read more.


Bright MLS

Weekly Market Update As of the 4th of July week, new listings continue to outpace new contracts, however the ratio this week was the closest in a month (96 new pending for every 100 new listings) which caused some sellers to hold back from entering the market. Get more stats in Bright MLS’s Weekly Reports here. The Weekly Market Report for the week ending 4th of July is available now here.


New Jersey
NJ Realtors: The 2022 State Budget Governor Murphy signed the fiscal year 2022 state budget, totaling $46.3 billion, into law this week. For the 15th year in a row, the state budget contains no direct tax or fee increases on real estate, such as a realty transfer fee increase, seasonal rental tax, or tax on commissions. 
  • The budget also contains funds New Jersey Realtors advocated for, including over $1 billion for property tax relief, $10 million for homebuyer assistance programs, and $10 million for lead hazard remediation funding. The new fiscal year began July 1 and runs through June 30, 2022.

NJBIZ: New Jerseyans Receive $500 Rebate Checks Starting This Month Thousands of New Jersey residents began getting their $500 rebate checks July 2, just before the Fourth of July weekend–a key piece of last year’s budget negotiations and a major reelection talking point from Governor Murphy. Read more.

NJBIZ: NJ Offers New Round of Rebates to Buy Electric Cars The state is aiming to have 330,000 electric vehicles on the road by 2025. Round 2 of the Charge Up New Jersey program hopes to help those efforts by offering customers up to $5,000 rebates toward their purchase of EVs..Read more.

NJ Realtors: Don’t Fall in Love with Buyer Love Letters With multiple offers on properties for sale, buyer love letters have become more of a common practice. Although they seem harmless on the surface, it's almost inevitable that they'll include information that will allow the seller to determine if the buyer is in a protected class under the Fair Housing Act or New Jersey Law Against Discrimination. NJ Realtors Legal Counsel Barry Goodman, Esq. discusses the legal repercussions of buyer love letters in the June issue of Designated Realtor. Read more. 

NJ.com: NJ Reports Zero COVID Deaths for First Time Since Early Days of Pandemic

National
NAR: Break in Supply Crunch Buyers are finding more options on the market, but inventory challenges persist: The number of homes for sale remains 43% lower than a year ago. Read more.
NAR: Flying Through Your Listings Want to enhance your online walkthroughs? Learn how to prepare a property for an indoor drone tour. Read more.