Gov. Christie Delivers FY 2017 Budget Address

On February 16, 2016, Gov. Christie delivered the Fiscal Year 2017 budget proposal in a speech to a joint session of the State Legislature. The budget proposal totals $34.8 billion and contains no tax or fee increases.   In his seventh budget address as Governor, Christie focused a lot of his attention to the public pension system, gas tax, […]

Posted in Government Affairs, Home | Tagged , | Comments Off on Gov. Christie Delivers FY 2017 Budget Address

North Brunswick Reduces CCO Inspection Fees

At its meeting on November 3, 2015, the North Brunswick Township Council adopted an ordinance creating a new Certificate of Continued Occupancy inspection requirement. Working with the Middlesex County Association of Realtors®, New Jersey Realtors® was able to have the fees that sellers would have to pay when selling their homes reduced. As originally discussed earlier […]

Posted in Government Affairs, Home | Tagged , | Comments Off on North Brunswick Reduces CCO Inspection Fees

CFPB and House of Representatives Respond to TRID Concerns

In the days and weeks leading up to the TILA-RESPA Integrated Disclosure Rule, many industry leaders, including NAR, grew increasingly concerned about the harsh penalties that could come as the result of a misstep in following the new procedures.   In response to these apprehensions, the House of Representative passed a bill created to assist smaller […]

Posted in Government Affairs, Home, Membership | Tagged , | Comments Off on CFPB and House of Representatives Respond to TRID Concerns

Kenilworth Adopts Land Use Ordinance with Realtor® Recommendations

At a meeting in late September, the Kenilworth Borough Council adopted a new land use ordinance, which included changes requested by members of the North Central Jersey Association of Realtors® and supported by New Jersey Realtors®.   Among the changes contained in the ordinance is that Realtors® do not have to obtain permits to place their for-sale […]

Posted in Government Affairs, Home | Tagged , | Comments Off on Kenilworth Adopts Land Use Ordinance with Realtor® Recommendations

Metuchen Passes Vacant and Abandoned Property Ordinance

On Tuesday, September 8, the Metuchen Borough Council voted to pass ordinance 2015-10, which addresses vacant and abandoned properties and storefronts within the community.  After the ordinance was proposed earlier in the summer, the Middlesex County Association of Realtors® worked with members of the Borough Council to address some concerns over areas of the ordinance that pertained to […]

Posted in Government Affairs, Home | Tagged , , | Comments Off on Metuchen Passes Vacant and Abandoned Property Ordinance

Stanhope Exempts Realtors® From Vacant Property Requirements

At its August 25, 2015 meeting, the Stanhope Borough Council adopted an ordinance exempting real estate licensees from being required to register vacant properties they have listed with the municipality. This ordinance was adopted in response to a request from the Sussex County Association of Realtors® and New Jersey Realtors® over concerns that Realtors® would be […]

Posted in Government Affairs, Home | Tagged , | Comments Off on Stanhope Exempts Realtors® From Vacant Property Requirements

New Jersey Realtors® Prevails In Case Limiting Municipal Licensing Fees

New Jersey Realtors® won a significant victory for tenants and the rental industry when the court held that municipalities are limited in the licensing fees they can charge for apartments. In the case, Timber Glen Phase III, LLC v. Township of Hamilton, the Appellate Division held that municipalities can only impose a licensing fee with […]

Posted in Government Affairs, Home | Tagged , | Comments Off on New Jersey Realtors® Prevails In Case Limiting Municipal Licensing Fees

Realtors® Win Local Victories in Trenton and Fair Haven

This week, New Jersey Realtors® had the pleasure of working closely with local associations to help advocate the Realtor®-position on two important issues. Alongside the Mercer County Association of Realtors®, we opposed an ordinance in Trenton that would have held property owners legally responsible for the criminal actions of their tenants and potentially cost landlords thousands of dollars.  This ordinance […]

Posted in Government Affairs | Tagged , , | Comments Off on Realtors® Win Local Victories in Trenton and Fair Haven

The CFPB Proposes to Delay the RESPA/TILA Integration

On June 17, 2015, the Consumer Financial Protection Bureau announced that it would propose to delay the RESPA/TILA Integration or TRID until October 1.   In a statement issued by CFPB Director Richard Cordray, he said the decision was made “to correct an administrative error that we just discovered in meeting the requirements under federal […]

Posted in Government Affairs, Home, Membership | Tagged | Comments Off on The CFPB Proposes to Delay the RESPA/TILA Integration

Realtors® Day in Trenton & Groundbreaking Ceremony

On June 11, New Jersey Realtors® held a ceremonial groundbreaking at the site of the future headquarters on Hamilton Avenue in Trenton. Key legislators, including Trenton Mayor Eric Jackson, Mercer County Executive Brian Hughes, Senate Republican leader Tom Kean, Jr., and Assembly Republican leader Jon Bramnick attended the historic event as well as 150 members of […]

Posted in Government Affairs, Home | Tagged , , , , | Comments Off on Realtors® Day in Trenton & Groundbreaking Ceremony