NJ Realtors® Weekly–Nov. 2

Published Nov 02, 2022

NJ Realtors® Weekly—Nov. 2

Top Story of the Week

Updated Lease and Seasonal Lease

 This week, policies from S1368 begin to go into effect. Starting Nov. 3, business owners and rental property owners must maintain and register a Certificate of Liability Insurance of at least $500,000 for new policies being issued, which includes combined property damage and bodily injury to or death of one or more persons in any accident or occurrence. If the home is a multifamily home of four or fewer units, with one being owner-occupied, the insurance requirement will be $300,000 when this portion takes effect in February 2023.

Municipalities have begun adopting ordinances required by S1368 to implement procedures to enforce this law at the local level. To comply with S1368, NJ Realtors® updated its New Jersey Standard Form of Residential Lease and Standard Form of Seasonal Lease, forms 125 and 142, and the forms are now available in the zipForms library. Click here to visit the Forms Library.


Being a Member Has Its Perks

November/December Magazine Is Out Now!

Preview the 2022 Realtors® Triple Play schedule and read up on some of this year's speakers in the latest issue of New Jersey Realtor® Magazine. Also in this issue, wrap up President Robert White's term with him, prepare for the 2023 housing market, and learn more about the new zipForm features. Read it here.

Submit Your COE Application

The 2022 NJ Realtors® Circle of Excellence Sales Award application process is underway. All applications are due and must be approved by your broker/office manager by Jan. 9 at 5 p.m. Click here to apply.


State of the State

In-Person Early Voting is Now Open

There's no need to wait until Election Day to vote. Early in-person voting began on Oct. 29 and will be open through Nov. 6. Your early voting location may be different from your Election Day polling place. Find your early voting location.