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 […]
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 […]
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 […]
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 […]
NJ Buyers Re-Entering the Housing Market
Nearly a decade has passed since the start of the foreclosure crisis, and new research from the National Association of REALTORS® indicates the long awaited return to the housing market of formerly distressed homeowners with restored credit. According to the study , while California, Florida, and Arizona are expected to see the largest share of return buyers within […]
Governor Christie Delivers FY 2016 Budget Proposal
On February 24, Gov. Chris Christie presented his Fiscal Year 2016 budget proposal to a joint session of the New Jersey State Legislature. In his speech, Christie announced his proposed budget for the next fiscal year totals $33.8 billion and contains a 3.8 percent revenue increase due to an uptick in state economic activity leading to higher […]