August 25, 2018
EBCBOR NEWS & UPDATES
EBCBOR YPN Raised over $4,000 in Donations for Local Students of Bergen County 
   
(North Bergen, NJ) - Many children in the Bergen County area face the prospect of arriving to their first day of school in September without the most basic of school supplies. In an effort to help the local kids of Bergen County, the Eastern Bergen County Board of REALTORS (EBCBOR) Young Professionals Network (YPN) held their 6th Annual "Tools for Schools" Networking Benefit, at The Waterside Restaurant and Catering in North Bergen this past Thursday.

Global Business Council Host Chinese Tea Ceremony!
   
EBCBOR's Global Business Council hosted a unique and special event this past Thursday. Members attended the Gong Fu & Tea Ceremony where they got a full presentation from Pastor YoungMin Jung, President of Palisades Park Chamber of Commerce. During the presentation, members were able to get a taste of Asia through small bites and a taste of different teas. Our members also learned about the historical rituals of tea preparation and serving and the impact on the Chinese culture. VIEW IMAGES
STATE NEWS
IMPORTANT LICENSEE INFORMATION REGARDING HOUSING DISCRIMINATION LAWS
   
Acting Attorney General John J. Hoffman and Division on Civil Rights Director Craig T. Sashihara today issued an updated notice discussing the rights of housing buyers and renters, as well as the obligations of property sellers and real estate professionals. The two-page document is available to any member of the public and must, by rule of the New Jersey Real Estate Commission, be provided by licensed real estate brokers and salespersons to anyone listing a property with them for rent or sale. (VIEW LETTER)

INDUSTRY NEWS
Existing-home Sales Tumble to a 2½-Year Low as Buyers Give Up
 
Existing-home sales ran at a 5.34 million seasonally-adjusted annual rate in July, down 0.7% versus June, the National Association of Realtors said Wednesday. That was the lowest pace since February 2016, and missed the MarketWatch consensus forecast of 5.40 million.


NEWS YOU COULD USE
Study Up on New Staging Trends This Weekend
 
According to the 2017 National Association of REALTORS® (NAR) Profile of Home Staging, 77 percent of buyers' agents say that staging makes it easier for buyers to "visualize" a property as their future homes, and 49 percent of buyers' agents say staging increased the dollar value offered on their listings.


TECH TIPS
Should Agents Wear Body Cams?
 
Witness the 38 percent of REALTORS® who say they have feared for their personal safety or the safety of their personal information while doing their jobs, according to the National Association of REALTORS®' 2017 Member Safety Report. But if you're following all the appropriate safety procedures and use the tools at your disposal, what else could you possibly do differently to deter an attack? One REALTOR® association hopes it has come up with an answer.


GLOBAL PERSPECTIVES
Here's where foreign real estate investors are buying in New York City
 
New York City has one of the most expensive real estate markets in the world, a distinction earned via a boost from wealthy foreigners snapping up pricey apartments. The Big Apple is second only to London in its popularity among foreign investors, according to a survey in January by the Association of Foreign Investors in Real Estate.

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