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Upcoming Events
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July 31 CE: Review and Update of the REALTOR® Code of Ethics
July 31 CE:
Environmental Concerns in the Residential Transaction
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TD BANK
AFFINITY PROGRAM
Open an account with TD Bank and they will make a contribution to RealSource at no cost to you!
Don't have an account? Get $25 when you open a new non-interest bearing checking account!
CLICK TO LEARN MORE!
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Industry Updates, News, & More
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  ALL MEMBERS Must Complete the Quadrennial Ethics Requirement by DECEMBER 31, 2012
All licensees are required to have completed the 2.5 hours of Quadrennial Ethics Training mandated by the National Association of REALTORS® (NAR) by as of December 31st, 2012. This is a requirement that all licensees must meet every 4 years, and is separate from the new CE Requirements. However, there are a few ways in which you can earn CE Credits and meet the Quadrennial Ethics Requirement at the same time! - Online - Visit RealSource ACE Program and take the course online for free. This will fulfill your Quadrennial Ethics Requirement and in addition will give you 2 Ethics CE Credits. For help logging in, registering, and taking this course, download the instructions here.
- Live Classes- RealSource is offering a few live classes which are free to members. These classes will fulfill your Quadrennial Ethics Requirement as well as give you 2 Ethics CE Credits and 1 Core CE Credit.
- July 31 at the Ridgewood Library, 9:00am - 12:30pm. Class is full, REGISTER FOR WAITLIST HERE.
- September 21 at FDU, 9:00am - 12:30pm. There are only a few seats left, REGISTER HERE.
- We will be adding additional sessions before the requirement deadline, please check our classes and events section of our website and be on the lookout for emails about these sessions.
Only local boards/associations can approve courses for the Quadrennial Ethics requirement. If you see a course being promoted by a school or outside vendor as qualifying for CE and the Quadrennial Ethics requirement, you should contact RealSource prior to taking this course to ensure the board will give credit for this course towards the Quadrennial requirement.
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Upcoming CE Classes
Different classes require you to go to different places in order to log in and register. Please click the registration link directly below the class you would like to register for in order to arrive at the correct location.
Review and Update of the REALTOR® Code of Ethics *SOLD OUT
2 Ethics Credits, 1 Core Credit
Also qualifies for Quadrennial Ethics Requirement
Environmental Concerns in the Residential Transaction *SOLD OUT
3 Core Credits
Tuesday, July 31
Instructor: Isabelle Perkins
Cost: Free to Members
Sign In: 1:00pm - 1:30pm
Program: 1:30pm - 4:30pm
Location: Ridgewood Library
Residential Rentals: Dos and Don'ts
3 Elective Credits
Friday, September 14
Instructor: Mimi Weisinger
Cost: Free to Members
Sign In: 9:00am - 9:30am
Program: 9:30am - 12:30pm
Location: FDU - Wilson Auditorium
The ABC's of SOP's (Code of Ethics)
2 Ethics Credits, 1 Core Credit
Also qualifies for Quadrennial Ethics Requirement
Friday, September 21
Instructor: Rosanne Farrow
Cost: Free to Members
Sign In: 9:00am - 9:30am
Program: 9:30am-12:30pm
Location: FDU- Wilson Auditorium
Need more CE credits? Are some classes full? Don't worry! We are currently in the process of scheduling more CE classes. Check our calendar of events often and make sure you are receiving our emails. If you or someone in your office is not getting our emails, please contact Nikki Ilchert at nilchert@njrealtor.com or call 201.444.3100.
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HUGE DISCOUNTS THIS MONTH !
25% OFF Online Continuing Education Classes!
The biggest discount of the year!
CE Made Easy with the CE Shop!
Selling season is here! Our online courses allow you to squeeze a continuing education course in between showings.
As a real estate professional, you owe it to your clients to be savvy and well informed. Stay up to date and informed while starting and stopping at your convenience, 24/7.
Save 25% off all courses throughout the month of July.Simply enter code: JULY4 to receive your discount. This promotion begins 7/1/2012 and ends 7/31/2012.
CLICK HERE TO VISIT THE CE SHOP!
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Now Accepting Applications for:
RealSource and NJAR® Good Neighbor Award
 RealSource Association of REALTORS® and The New Jersey Association of REALTORS® (NJAR®) are seeking nominations for the 2012 RealSource and NJAR® Good Neighbor Awards. The program recognizes REALTORS® who have made an extraordinary commitment to community service on the local, national and/or global level.
One winner from RealSource will be chosen and will be honored at our Annual Membership Breakfast. Applications will then be sent to NJAR® where 3 Winners will receive a grant in the amount of $2,500 for first place, $1,500 for second, or $1,000 for third place for the charity organization of their choice. All NJAR® winners will be recognized in the January/February issue of New Jersey REALTOR®, on www.njar.com, receive state and local publicity, and an award signifying their contributions. All three NJAR® winners will also be announced in December during an awards ceremony at the Triple Play REALTOR®Convention and Trade Expo in Atlantic City.
View and download the application HERE.
IMPORTANT!: The application states that you must send completed application to NJAR®. If you wish to apply for RealSource Good Neighbor Award, please submit it to RealSource via email, mail, or drop it off at our office. RealSource will forward the application to NJAR® for consideration for the NJAR® Good Neighbor Award as well.
Applications are due at RealSource by:
Wednesday, October 12
Submit your application by:
Email: nilchert@njrealtor.com
or
Mail or drop off: RealSource Association of REALTORS®
5 Franklin Turnpike, Waldwick, NJ 07463
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REALTOR® Emeritus Status
Let us know if you have been a REALTOR since 1972 or earlier!
 Any person who has held membership in the National Association as a REALTOR®, REALTOR-ASSOCIATE®, or a combination of both, for a cumulative period of 40 years in one or more Associations of REALTORS® is eligible for REALTOR® Emeritus status.
Upon approval by the Board of Directors of the NATIONAL ASSOCIATION OF REALTORS®, no further payment of dues is necessary to the National Association by the Member Association of which the REALTOR® Emeritus is a member.
Please Contact RealSource by September 28th
to let us know you would like to apply for REALTOR Emeritus Status!
To read more about REALTOR® Emertius Status, CLICK HERE!
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Check back next week!
In the meantime, view and register for one of our CE Events which are FREE to members and earn some CE Credits!
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 New Jersey Has Highest Mortgage Down Payments in Nation, Analysis Finds
The Garden State's average down payment is 13.76 percent, which is higher than the national average by 1.5 percent, and edging out averages in Washington D.C., New York, Hawaii and California. North Dakota, on the other end of the scale, has the lowest average down payments at 11.37 percent, concluded the analysis by LendingTree.com, a personal financial website. More...
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Have You Heard? There is No National Home Sales Tax
In response to numerous e-mails and rumors circulating around the Internet concerning the federal health care law recently upheld by the U.S. Supreme Court, we remind you that there is NO 3.8% national realty transfer fee (RTF) or home sales tax contained in this law. Please visit NAR®'s website
for the correct information on the rumors and misinformation being spread that a national RTF was created in the health care law. These rumors are false. An across-the-board RTF or home sales tax DOES NOT exist in either this or any other law.
As part of the new health care law, a 3.8% Medicare tax was enacted on net investment incomes for certain households (for individuals earning over $200,000 a year and couples earning over $250,000). Furthermore, the 3.8% tax DOES NOT apply to all capital gains from a home sale. The tax only applies if the gain from the sale is over $250,000 for individuals or $500,000 for couples. If the amount from the sale as a gain is less than these amounts, the 3.8% tax DOES NOT apply. In addition, if the provisions of this law are met and the tax is to be applied, it will not do so until January 1, 2013, when the Medicare tax is scheduled to take effect. More...
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Ovsanh Nikoyan to Weichert, Fair Lawn
Adam Sugalski to Mary Davis Real Estate, River Edge
Leeor Wieselberg to Weichert, Fair Lawn
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Check back next week!
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