NJ Realtors® Weekly–Aug. 2

Published Aug 02, 2023

NJ Realtors®–Aug. 2

Top Story of the Week

New Updates to the COE Application

The 2023 New Jersey Realtors® Circle of Excellence Sales Award® application is now open. This year, there were two updates to the application:

1. Rental Calculations

The calculations of rentals to units were changed for both long-term rentals and short-term rentals:

Long Term Rentals

1 Long Term Rental = 1 Unit

Short Term Rentals

10 Short Term Rentals = 1 Unit

These new rental calculations apply to Dollar & Unit Method and Strictly Unit Method.

2. Non-MLS Rental Date

For non-MLS rental transactions, the sale used for transaction eligibility is now the lease start date. Rental transactions listed in the MLS remain as a close date.

Start your application here.


Being a Member Has its Perks

Join the YPN Kickball Team Roster

All members are welcome at New Jersey Realtors® Young Professionals Network's kickball tournament on Sept. 14 at Cheesequake State Park—no experience necessary.

Tickets are $20, includes lunch, and proceeds benefit the Realtors® Relief Foundation. Tournament winners will receive a trophy and bragging rights. Register here.


State of the State

Lt. Gov. Sheila Oliver Passes at Age 71

New Jersey Realtors® mourns the loss of longtime public servant Lt. Gov. Sheila Oliver. As lieutenant governor, she served as Commissioner of the Department of Community Affairs and worked on countless programs that impacted the real estate industry such as affordable housing initiatives, fair housing, and more.

Before running with Gov. Murphy, she was the first African-American woman in state history to serve as Assembly Speaker, and the second in the nation’s history to lead a state legislative house. Read more here.