On Monday, September 28, NJ Realtors® CEO, Jarrod Grasso, and Chief Counsel, Barry Goodman, provided more than 600 attendees with an informational overview of the NJ Realtors® updated Statewide Sales Contract (form 118). Now available through the NJ Realtors® online forms platform, this new form has been revamped to suit the needs of agents throughout the state […]
1/25/18-Revised Statewide NJ Realtors® Standard Form of Real Estate Sales Contract, Form 118 now available. Updates include; Section 21. Bulk Sales (new language highlighted) Line 463/464- New language, “The Law does not apply to the sale of a simple dwelling house, or the sale or lease of a seasonal rental property, if Seller is […]
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 […]
IMPORTANT: The information contained in this webpage should not be construed as legal advice on any specific matter. The information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based upon particular circumstances. Each legal matter is unique, and prior results do not guarantee a similar […]
As flood risks continue to grow in New Jersey, the state of New Jersey has now mandated new flood history disclosure requirements for all sellers and landlords. Beginning March 20, all sellers and certain landlords must use the new flood history disclosure forms including new questions on the seller’s property condition disclosure statement and […]
Top Story of the Week Closed Sales Down -22.1% in New Jersey New Jersey Realtors® housing market data report for the 2023 year-end is available now at njrealtor.com/data. According to the statewide total market report, there were 84,305 closed sales in New Jersey, a -22.1% percent change over 2022. The total market median sales price […]
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 […]
New Jersey Realtors® is proud to offer Realtor® members savings on every aspect of the real estate business to help their bottom line and beyond. Streamline Your Transaction Management Your Realtor® membership includes free access to our premium Transaction Management Software and e-signature tools, which would cost you $199 per year. Plus, access your transaction […]
Top Story of the Week REC Initiates LLC Rulemaking Process The NJ Real Estate Commission formally began the rulemaking process required to implement a law New Jersey Realtors® proactively sought, which allows real estate salespersons and broker-salespersons to form a Limited Liability Company (LLC) to receive commission payments. This law cannot go into effect until […]
Top Story of the Week Must-Attend Fundraiser at the Somerset Patriots To further its goal of providing safe and affordable housing in the Garden State, New Jersey Realtors® Housing Opportunity Foundation is hosting a fundraiser at the Somerset Patriots game on June 22. Your friends and family are also invited to attend our summer night […]
