In accordance with the upcoming TILA-RESPA Integration on October 3, and to further address the expressed needs of members throughout the state, the New Jersey Realtors® Risk Management Committee has created an updated version of the Standard Form of Real Estate Sales Contract (Form 118) to comply with TRID regulations as well as a brand new cohesive, statewide contract.
To allow members the chance to become familiar with the new statewide contract and stay compliant with the law, NJ Realtors® has now created two versions of the form, available as of Monday, September 28. They can be found in our online forms system at no cost.
NJ Realtors® hosted two informative live webinars for members to learn more and ask questions. Each webinar was recorded and the sessions will remain available on the NJ Realtors® YouTube Channel.
Monday, September 28 at 2 p.m. (watch the video here)
Tuesday, October 6 at 10 a.m. (watch the video here)
Triple Play Sessions
This year’s Realtors® Triple Play Convention in Atlantic City will include four sessions that are specific to the updated sales contract.
Tuesday, December 8 at 10 a.m. and 1 p.m.
Wednesday, December 9 at 11 a.m. and 2 p.m.
You can register for Triple Play here.
To learn more about the new Statewide Form 118, view a 30-minute video featuring Barry Goodman, Legal Counsel, and Bill Hanley, Chair of the Risk Management Committee.