NJ Realtors Weekly—Dec. 20

Published Dec 21, 2023

Top Story of the Week

Wrap Up Your 2023 COE Application

Time is running out to apply for New Jersey Realtors® 2023 Circle of Excellence Sales Award®. All applications must be submitted and approved by your broker/office manager by Jan. 8, 2024 at 5 p.m. EST.

2023 Award Levels

Platinum: $20 million and 30 units minimum, or 125 units
Gold: $12 million and 25 units minimum, or 90 units
Silver: $6.5 million and 20 units minimum, or 70 units
Bronze: $2.5 million and 15 units minimum, or 30 units

Don't miss out on this opportunity to highlight your sales skills.

Click here to apply.


Being a Member Has its Perks

Save on Your Last-Minute Holiday Shopping

New Jersey Realtors® Member Perks Partners have all your last-minute holiday shopping needs covered.

Give the Gift of Healthy Meals: Use code GET30OFF for 30% off your first order of delivered delicious meals from Cook Unity.
Share an Experience: If you're looking for an experience for someone on your list, Member Deals offers deals on theme parks, movie tickets and so much more.
Save on Holiday Shipping: Receive discounts on shipping gifts this year with UPS.
For Your Tech Lovers: Save up to 40% on HP products.
Book a Trip: Obtain access to discounted airfare and hotel rates through a private, invite-only platform, Mondee.
For the Person Who Needs a Tech Upgrade: Shop Lenovo's end-of-year clearance.


Gain Legal Peace of Mind

New Jersey Realtors® members can obtain invaluable legal support through New Jersey Realtors® Legal Resource Library.

Submit a legal question at any time at no cost.


State of the State

NJ Realtors® Secures Amendments to Rain Sprinkler Bill

In 2006, legislation was introduced creating a time-of-sale requirement that lawn sprinklers have rain sensors, which New Jersey Realtors® has opposed successfully for the last 17 years. This legislation has begun to move in the current legislative session and New Jersey Realtors® has secured the following amendments to the bill:

Allowing funds to be held in escrow that would allow closings to proceed even if rain sensors or smart sprinklers are not installed on a property being sold.
3-year delay for contracts-of-sale to contain provisions relating to the requirement for rain sensors or smart sprinklers to be installed.
Notice requirements for Landscape Irrigation Contractors to notify their clients of this new requirement.

The bill still must be voted on by the full Assembly and Senate before it can reach the Governor’s desk.