March 31, 2021
Member News



CORE


In observance of the State holiday, CORE will be closed Friday, April 2. We will re-open Monday, April 8 at 8:30 am.
Is your PSI Account Showing “Requirements Met” But Also Showing “0 Out of 1 Fair Housing Credits”? New Jersey REALTORS® is currently working with the NJ Real Estate Commission on fixing the glitch in the Commission’s PSI Tracking System. As soon as a resolution is worked out with the Commission, NJ Realtors will notify CORE, and we will notify all members. In the meantime, CORE members are advised they may want to take New Jersey Realtors’ one-hour, no-cost CE class, “Complying with the Fair Housing Act,” just to be on the safe side, in case the Commission determines that licensees need to complete the requirement after all. Register here for the class – you will need to log into ACE to find the class.  


Fair Housing

Help Members Combat Discrimination Promote fairness, equal opportunity, and professional integrity by taking Fairhaven, NAR’s no-cost fair housing training simulation. It uses storytelling to help members identify, prevent, and address discriminatory practices in real estate. Register now.

NJR EDUCADE – Registration Now Open! As a way for members to finish up their NJ CE credit requirement prior to the April 30 CE deadline, NJ Realtors is offering NJR EDUCADE, April 6 - 9. EDUCADE consists of virtual sessions, totaling 12 CE credits, including ethics, fair housing, financial literacy, technology, first time home buyer opportunities, legal issues, low inventory markets, and more. Member fee is $21 for all classes. Register here.


Continuing Education (CE)
NJ 2021 CE Term Ends Soon Finish your NJ CE credit requirements before April 30 to avoid a $200 late fee from the NJ Real Estate Commission. The 2021 CE term ends June 30, and any licensee who does not complete their CE before then will not be able to renew their license, which will then expire.


Local

Mercer County: Free At-Home Saliva Test for COVID-19 The saliva test is available to County residents 14 years or older and anyone employed as a first responder or health care worker in Mercer County. Details on the at-home testing program as well as a list of COVID-19 testing locations can be found here.


BrIght MLS

Bright will be reversing two loosened rules that were temporarily put in place due to COVID restrictions. This reversal will go into effect on April 8, including:
  • In-person showings of properties in the Active and Active Under Contract statuses will be required.
  • Virtual tour links and virtual showing/open house information will not be allowed in public remarks.
Both of these updates were meant to be temporary, and government restrictions on showing activity has been lifted for some time. Additionally, reverting back to the original rules, as showings are happening, and the Virtual Open House solution has removed the need to add links to Remarks. Information about these updates was sent to Bright subscribers on March 30. 

Commercial Real Estate

NAR: Commercial. Capital. Connect. Commerce. Community. C5 Summit is the premier US-based commercial real estate event, launching in the Fall of 2021, at the center of the industry – New York City. The three-day event includes networking, learning, and deal-making September 27-29. Registration is now open. For more info, click here.

Webinars

"Current State of the NJ Real Estate Market and Its Future Outlook" Join this virtual panel discussion with Charles Oppler, 2021 President of the National Association of Realtors and CEO of Prominent Properties Sotheby’s International Realty, and James Brown, Senior Vice President of Residential Lending at Investors Bank. The panel will address topics including the impact of the recent influx of people moving to New Jersey, what can New Jersey do to retain its residents, how has COVID impacted the New Jersey real estate market, and is it a good time to refinance, among other issues. A Q & A will follow the discussion. There is no cost to attend this event, but registration is required. To register, click here.
  
NAR Realtors Property Resource (RPR): Upcoming Webinars  
April 7 - New to RPR? Start here to Boost Your Business Register here.
April 8 - Drill Down & Zone In With RPR Property Searches Register here.
April 12 - Make a Lasting Listing Presentation Register here.
April 14 - RPR & Transactions (zipForms Edition) Register here.
April 14 - RPR Shortcuts—Get the Most out of RPR Register here.
April 15 - Maximizing your Commercial Business Register here.

The ABC’s to Fast Track Your Success Join the CORE Young Professionals Network Committee on Wednesday, April 21 at 2:30 pm for a presentation by four top-producing agents as they share the tips that helped them achieve great success as real estate agents. Register here.

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New Jersey

NJGov.com: NJ Real Estate Workers Will Become Eligible for the COVID-19 Vaccine Starting April 5 According to the Governor's office…Read more.
 
Patch.com: NJ Lifts More Outdoor Gathering, Entertainment Venue Restrictions Governor Murphy has increased the number of individuals allowed at outdoor gatherings by four-fold. Here's what you can do starting April 2…Read more.

Greenbaum, Rowe, Smith & Davis: The NJ Economic Recovery Act of 2020: The Brownfields Redevelopment Incentive Program Read more.

Business Assistance with COVID-19 Up-to-date information for businesses on reopening from COVID, including rules and guidance that must be followed, economic assistance programs, and other resources, can be found at the State of New Jersey business portal. Click here for more info.

National
Greenbaum, Rowe, Smith & Davis: An Overview of The American Rescue Plan
This legislation provides economic stimulus relief payments to individuals, businesses, and state and local governments who continue to be impacted by the COVID-19 pandemic. The American Rescue Plan is a separate...Read more.

Washington Post: Senate Approves Two More Months of PPP, With $79 Billion Left Read more.

PPP Extension NAR President Charlie Oppler sent support letters to both the House and the Senate, thanking the co-sponsors for introducing the PPP extension act of 2021, and also provided a letter of support to the Senate Small Business Committee, which held a March 17 hearing on the performance and impact of the PPP program. Read more here. 

NAR: Material Costs, Delays Disrupt Remodeling Projects Surging lumber prices are an increasing burden on homeowners who want to renovate. Read more.

NAR: Bridge Loans May Help With Intense Bidding Wars The temporary loans enable buyers to make a contingency-free offer on a new home without selling their current one, but there are caveats to consider. Read more.


NAR: CDC Extends Eviction Moratorium to June 30 What the moratorium means to you. Read more.

Useful Links

Save these Links for Key NJ Real Estate Commission Information: