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, […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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NJ REALTORS Attends Midyear Meetings in D.C.
NJ REALTORS® — along with members from the state’s local boards and associations — attended the REALTORS® Legislative Meetings and Trade Expo during the week of May 11 in Washington, D.C. Held annually, the midyear meetings serve as an advantageous opportunity for REALTORS® to attend meetings with their state legislators to discuss topics, legislation, and initiatives important to […]
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FAA Drone Initiative Update
The Federal Aviation Administration recently said it would be working closely with industry partners on three key areas of drone use. The announcement came after the FAA received feedback to the unmanned aircraft systems (UAS) rule it published in February, which applied limitations to how drones could be operated in certain areas. Specifically, the FAA will […]
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