August 5, 2020
Member News
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CORE Closed Week of August 17 Please note CORE will be closed the week of August 17 for staff training on our new membership system. We regret any inconvenience this may cause. And we'll do our best to answer emails and voice mails before and after our all-day trainings during that week. We will reopen at 8:30 am, Monday, August 24th.

CORE in the News! Bridgewater Courier: Central Jersey Real Estate Agents Optimistic Despite Pandemic With CORE President-Elect Sue LaRue.

NAR Chief Economist Coming to CORE Join us for this informative webinar with NAR Chief Economist and Senior Vice President Dr. Lawrence Yun, titled Residential Economic Update for New Jersey Realtors. Dr. Yun will be providing his insights regarding real estate in New Jersey during and after the Coronavirus pandemic.
Registration is limited, so be sure to reserve your "seat" today! Wednesday, August 12 at 2:00 - 2:30 pm. Free. Register here.

Welcome Back Marybeth Kolodney We are pleased to announce the return to the CORE team of Marybeth Kolodney as Director of Membership. Welcome back, Marybeth!

Mercer County: Business Assistance For information on COVID-19/Novel Coronavirus and its impact on businesses – including resources, assistance and regulations - visit the State of New Jersey business portal and the Mercer County Office of Economic Development’s COVID-19 Business Resources page.

Mercer County: Coping with Stress
If you’re feeling stressed, anxious or depressed due to COVID-19, please call New Jersey's MentalHealthCares Helpline at 866-202-HELP (4357) or for emotional support, guidance, and mental health referrals, click here. You also may call the SAMHSA Disaster Distress Helpline at 1-800-985-5990 or text TalkWithUs to 66746 (TTY 1-800-846-8517). Listing of additional resources.

Hunterdon County Chamber of Commerce: Virtual Meet the Mayors & Members of 78/22 Coalition: Learn about updates on commercial projects and economic development activities on the corridor, Wednesday, August 12, 2020 9:00 - 10:30 am. Free. RSVP is required to attend. Register now.

Mercer County: Marketing Strategy This workshop will review the basic principles of marketing strategy, and the application of the “4 Ps of Marketing”, SWOT analysis, target marketing, as well assist in making effective local marketing advertising and marketing choices, including social media, as part of a complete digital marketing plan. Wednesday, August 12 at 10:00 - 11:30 am. Free. After registering, a link will be emailed to you. Register now.

NAR: Right Tools Right Now 2020 Technology Trends Webinar - Free to Members
Learn about how emerging technologies will affect the real estate industry in the coming year. In this webinar, you will learn about key trends that focus on keeping you and your... Read more.
New Benefit Announcement

NAR: “When I Give Up On Leads, ReferralExchange Somehow Gets Through” ReferralExchange, NAR’s newest REALTOR Benefits® Program partner, can help Realtors save time by taking on the leg work of vetting leads. That means members can focus their energy on what they do best: building lasting relationships that lead to sales. Read more.
Commercial Real Estate

Society of Industrial and Office Realtors (SIOR): Technologies You Can Use to Better Your Business will highlight existing technologies your fellow SIOR colleagues are utilizing today to bring their clients more value and create efficiencies within their day-to-day business. Thursday, August 20, 2020 at 2:00- 3:00 pm Eastern Register now. 

Realtors Have a Duty to Reply in Writing that an Offer Has Been Presented, and NJ Realtors Has a Form: The Code of Ethics, Standard of Practice 1-7, states, “Upon the written request of a cooperating broker who submits an offer to the listing broker, the listing broker shall provide, as soon as practical, a written affirmation to the cooperating broker stating that the offer has been submitted to the seller/landlord, or a written notification that the seller/landlord has waived the obligation to have the offer presented.” To assist Realtors with this obligation, NJ Realtors has provided a form as a member benefit that’s titled, “Owner's Confirmation of Receipt of Written Offer.“ However, this is not a required form, and Realtors are free to choose the form or manner in which they provide the affirmation in order to comply, e.g., by email, text or other means. Go to ZipForm Plus. Are People Allowed to Gather in Person (Updated 8/3/2020) Yes, attending a gathering, ceremony, or celebration is permitted as long as the event complies with the following limits on gatherings. Indoor gatherings must be limited to 25 people or 25% of a room's capacity -- whichever number is lower. All attendees at indoor gatherings must wear face coverings and stay six feet apart. COVID-19 Testing Near You Testing is available to everyone in New Jersey. You don’t need insurance, and anyone who wants a test can now get one. Find a testing site near you here. Summer Parties? How to stay safe. Practice social distancing. Mask up. No Corona Parties. Host outdoors and be smart about staying healthy. Read more about how to safely and legally gather together.

As LIBOR End Date Draws Near, Borrowers Can Take Steps to Mitigate Risks Now
Since the end of 2017, we have been talking about the discontinuation of LIBOR as a reference rate for borrowers who finance with floating rate loans. The December 2021 end date is fast approaching, but much work remains to insure a smooth transition. Read more.

NAR: Contract Signings Make a "Remarkable" Move Given the positive turnaround in home sales in recent weeks, NAR has revised its overall forecast for the year. Read more from NAR’s latest housing report. Read more.

NAR: Homeownership Rate Rises Close to Housing Boom Levels While a change to the Census Bureau’s survey process may have affected the results, young adults and minorities still showed striking increases in ownership. Read more.

NAR Admonishes HUD Action to Weaken Fair Housing HUD is dismantling the Affirmatively Furthering Fair Housing rule, which will make it harder to fight housing segregation and discrimination, the association says. Read more.

NAR: Rental Agreement Assistance NAR recently joined 12 commercial entities and nonprofit industry trade groups in urging Congress to take meaningful action during the stimulus 4/5 deliberations to protect the housing of millions of American families impacted by the COVID-19.
  • The coalition is also placing a print ad in Politico. With relief provided by the CARES Act successfully helping Americans meet their housing needs, the groups are strongly urging Congress to support similar policies in the next COVID-19 bill to ensure people can remain in their homes while preventing fundamental damage to the rental housing industry. The letter to Congress requests commons sense eviction moratorium procedures and reasonable rental assistance. You can view the letter here. 

Chicago Tribune Commentary: As Real Estate Agents, We Want to End Housing Discrimination Read more.

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