Category Archives: Government Affairs

Transient Accommodations Tax

The state legislature passed the Transient Accommodations Tax in the 2019 state budget, which will tax short-term rental sites previously unregulated by the state. This includes all accommodations or rentals that were booked through a third party, such as AirBnB, FlipKey, HomeAway.com, etc. Short-term rentals handled by licensed real estate professionals are excluded from this […]

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Federal Reporting Requirements for Agricultural Land Sales

The U.S. Department of Agriculture has released its reporting requirements for agricultural land sale. Follow the links below for more information. Read the updated AFIDA brochure here. Read the Agricultural Foreign Investment Disclosure Act Report here.

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Flood Zone Determination Webinar – Flexible Dates Available

Information provided by Western Technologies Group.    Can you rely on public flood information when determining flood zones for your clients?   The answer is no.  When you adopt this practice, you leave yourself open to liability.  All public sources will have disclaimers in varying degrees which say the information should not be used for flood […]

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2017 Realtors® Day in Trenton

More than 150 Realtors® attended NJ Realtors® annual Realtors® Day in Trenton on May 25. Held at the historic Masonic Temple, the event afforded Realtors® from around the state the opportunity to hear from gubernatorial candidates Ambassador Phil Murphy and Assemblyman Jack Ciatterlli ahead of the June 6 primary.   Following Realtors® Day in Trenton, […]

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Hill Visits – Winter 2017

Over the last few days, your New Jersey Realtors® leadership team and staff members have been busy in the nation’s capital meeting with New Jersey’s elected officials. Important topics of discussion have included the impact of federal legislation on local and state housing markets and policies that are important to growing the housing economy.   These […]

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NJ Realtors® Testifies About Sprinkler Legislation

Last week, staff from New Jersey Realtors®’ government affairs department attended the Assembly Environment and Solid Waste committee hearing to testify regarding lawn sprinkler system legislation. The bill, which was introduced in the early 2000s in response to a drought, would require residential and commercial properties with a lawn sprinkler system to install a rain-sensing […]

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National Flood Insurance Program Report

The New Jersey Realtors® Governmental Research Foundation recently released a report showing the impact of the National Flood Insurance Program on the state. While focused on New Jersey, the findings are applicable nationwide. The study, broken into two reports, Examining Flood Map Changes in New Jersey and Understanding the National Flood Insurance Program in New Jersey, was prepared […]

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Lead-related bills clear Assembly committee, but a fight awaits

This article originally appeared on Politico Lead-related bills clear Assembly committee, but a fight awaits  By David Giambusso 01/12/2017 06:49 PM EDT   A sweeping package of lead remediation bills cleared the Assembly housing committee on Thursday, but the measures face a tough slog before they’re voted on by the full Legislature.    Five bills […]

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Senate President Sweeney on Pension Payments

Senate President Steve Sweeney issued the following statement today on the proposed constitutional amendment on pension payments:   “Contrary to what some union leaders have been saying, the pension amendment does not die because it was not voted on by today. The Senate can still approve it with a simple majority vote any time before […]

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CFPB Makes Clear Lenders’ Ability to Share CD

NAR has been actively monitoring the implementation of the “Know Before You Owe” also known as the TILA-RESPA Integrated Disclosure rule by the Consumer Financial Protection Bureau. Feedback from Realtors® across the nation highlighted the reluctance of lenders to share the new mandated Closing Disclosure with real estate professionals.   Lenders have been refusing to share the CD citing potential […]

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