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The New Jersey Graduated Percent Fee: Explained
Last week the Governor signed the Fiscal Year 2026 New Jersey Budget into law, which includes an increase to the Supplemental Fee to the Realty Transfer Fee ("Mansion Tax"), now known as the Graduated Percent Fee. A breakdown of the new tax, which would now be entirely paid for by the seller, is as follows:
- $1 million: The existing 1% “mansion tax” remains, but the responsibility shifts from the buyer to the seller, amending the 2004 law.
- $2 million: 2% tax on the seller.
- $2.5 million: 2.5% tax on the seller.
- $3 million: 3% tax on the seller.
- $3.5 million and above: 3.5% tax on the seller.
To support members through these changes, New Jersey REALTORS® has developed an online Graduated Percent Fee resource page featuring shareable materials and an in-depth FAQ. A recorded webinar is also available, offering a full explanation of the new law and its impact on transactions.
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Consumer Guide to Purchasing a Historic Property
The newest edition of the National Association of REALTORS® (NAR) Consumer Guide series, Consumer Guide: Purchasing a Historic Property, covers the unique responsibilities of historic homeownership, how a home may qualify as historic, renovation restrictions, inspection tips, making modern upgrades, available financial incentives, and more.
Designed to be given directly to prospective clients, NAR’s Consumer Guide is an ongoing campaign to help members bring clarity to the practice changes for consumers.
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Know Before You Go: New FOREWARN Trainings Added
Have you taken advantage of your FREE FOREWARN account yet? NEXUS REALTORS® can sign up for the FOREWARN app—a $240/year value– for free today! This powerful safety and screening tool allows you to gain instant insight on a prospective client within seconds, without exposing any protected class information, using only a name or phone number.
Want to learn how to get the most out of FOREWARN? Join us for an upcoming FOREWARN training webinar to gain a better understanding of the platform, as well as some "pro tips" to effectively leverage FOREWARN in your business.
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Win Money for a Charity, Become a NJR Good Neighbor Award Recipient
New Jersey REALTORS® is now accepting nominations for the 2025 Good Neighbor Award! This award honors three REALTORS® who have gone above and beyond to help their communities through volunteer work. To be eligible, nominees must be members in good standing and have done their community work between September 1, 2024, and August 31, 2025.
Three winners are chosen and receive a grant from NJR for a charity of their choice:
- 1st Place - $2,500
- 2nd Place - $1,500
- 3rd Place - $1,000
Click below for eligibility information and to register by the September 5th, 2025 deadline.
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Lunch & Learn: Prepare for Retirement with Confidence
Are you approaching retirement or helping a loved one who is? The Women's Council of REALTORS® Southern NJ invites you to a valuable, information-rich session this Wednesday, July 16, 2025, at Foundation Title in Marlton, NJ.
This FREE event will cover several essential topics, including Medicare basics, the importance of living trusts in estate planning, and practical strategies to help secure your financial future.
Whether you're planning ahead for yourself or guiding a family member through the process, this session will provide clarity and expert insight to help you make informed decisions with confidence.
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Bright MLS Quick Guide: Agent Production & Inventory Report
Need a quick way to view your sales performance and active listings? The Agent Production & Inventory Report in Bright MLS gives you a clear snapshot of your closed transactions and current inventory all in one place.
With just a few clicks, you can generate a statistical summary of your own performance in Bright MLS—including your listing count, listing volume, sold volume, average list and sold prices, and your sales price compared to list price. You’ll also see how your numbers compare to the overall MLS volume for added context. Whether you’re applying for awards, analyzing your business, or just tracking progress, this report helps you stay on top of your numbers with minimal effort.
Generate your Production & Inventory Report in just a few clicks by following the guide below.
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REALTOR® Code of Ethics
3 Ethics NJ CE Credits
Live Webinar
August 5 | 10 am - 1 pm
Members: Free / Non-Members: $25
This course covers the REALTOR Code of Ethics of the National Association of REALTORS in its entirety. Students will learn about the Preamble to the Code, the 17 Articles of the Code and their respective Standards of Practice, as well as the Pathways to Professionalism.
Fulfills REALTOR® Code of Ethics Requirement.
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Equal Professional Services & NJLAD
2 Fair Housing NJ CE Credits
Live Webinar
August 6 | 10 am - 12 pm
Members: Free / Non-Members: $25
Adopting systematic procedures will help ensure real estate agents are providing consistent services to all their clients. This course will help you establish those practices while adhering to the NJ Law Against Discrimination.
Fulfills REALTOR® Fair Housing Requirement.
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Seller Representative Specialist (SRS)
6 Ethics, 6 Elective NJ CE Credits
Live Webinar
September 10-11 | 9 am-3:30 pm
Members: $199 $129 during Christmas in July
Non-Members: $245
The 2-day SRS Designation Course provides a comprehensive foundation of skill development, training and resources to help real estate professionals represent the interests of sellers in today's marketplace.
Fulfills REALTOR® Code of Ethics Requirement.
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Senior Real Estate Specialist (SRES)
6 Elective NJ CE Credits
Live Webinar
October 22-23 | 9 am-3:30 pm
Members: $199 $129 during Christmas in July
Non-Members: $245
The Seniors Real Estate Specialist® (SRES®) designation is for REALTORS® who want to be able to meet the special needs of maturing Americans when selling, buying, relocating, or refinancing residential or investment properties. By earning the SRES® designation, REALTORS® are prepared to approach mature clients with the best options and information for them to make life-changing decisions.
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Free Live Webinar Training with Bright MLS
8/11/25 | 10:00am - 10:45am - MLS Essentials for new Bright MLS users
Build a Seller Cycle That Lasts
Enhance your listing marketing strategy and help your clients sell faster with the power of digital ads – Learn more.
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NEXUS Association of REALTORS®
306 Kings Highway South | Cherry Hill, NJ 08034
(856) 428-1013
271 Lakehurst Road | Toms River, NJ 08755
(732) 244-8111
www.nexusaor.com membersupport@nexusaor.com
Copyright 2025. All rights reserved.
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