August 18, 2018
INDUSTRY NEWS
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HUD Backs Off on Rule It Says Stifles Affordability
   
The U.S. Department of Housing and Urban Development is taking steps to scale back a fair housing rule that had sought to combat housing segregation. HUD Secretary Ben Carson says the 2015 rule is standing in the way of efforts to add more affordable housing.
The Affirmatively Furthering Fair Housing rule required cities and towns to examine historic patterns of segregation, and then create plans to combat them.


LEGISLATIVE NEWS
Gov. Phil Murphy signed S-430 into law 
   
This bill makes these important changes the real estate license law:
  • Codifies that a business affiliation between a broker and a broker-salesperson or salesperson may be an employment relationship or an independent contractor relationship.
  • Adds real estate license safety and financial literacy as core topics for CE.
  • Ensures individuals registered under Megan's Law cannot receive a real estate license.
  • Eliminates correspondence and distance learning CE courses (online courses are still permitted).


NEWS YOU COULD USE
How to Utilize Weekend Time to Create Referrals
   
When it comes to making money as a real estate agent, obtaining referrals can be one of the most profitable parts of your job. Mastering the art of nurturing previous client relationships is crucial to obtaining referral business and long-term success in the real estate industry; however, many agents aren't taking advantage of prime referral-generating time: the weekend.


TECH TIPS
Innovation in College-Town Real Estate
   
It would be an understatement to say that the University of Kansas and the local real estate market in Lawrence, Kan., are linked. In fact, Nicholas Lerner struggles to come up with a single example of a real estate transaction he's participated in over his dozen years in the business that didn't also involve his alma mater, a Division 1 basketball powerhouse.


GLOBAL PERSPECTIVES
Where are Global Buyers Searching in the United States?
   
New data from realtor.comĀ® offers more comprehensive reporting to display true market interest of global buyers searching in the United States. The graphs below show the countries searching U.S. properties, and which U.S. cities were of most interest to them.


2018 AFFILIATE PARTNERS



Eastern Bergen County Board of REALTORS | 201.288.5000 | communications@bergenboard.com
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