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July 4
Office Closed for Independence Day
July 5
Office Closed for Independence Day
July 10
New Member Orientation
July 17
Flood Insurance Seminar
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CE Credit Tracking
The CE Shop: Online CE Courses
NJ Real Estate Commission Real Estate Licensee Search
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Open an account with TD Bank and they will make a contribution to RealSource at no cost to you!
Contributions help us do more for you - our members!
If you already are with TD Bank, enroll in the program today!
CLICK TO LEARN MORE!
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New Jersey Real Estate Commission Extends License Renewal Deadline to JULY 15
As of June 28, The NJ Real Estate Commission has extended both the continuing education and license renewal deadlines of June 30 to July 15, 2013. The Real Estate Commission has not yet disseminated this information publicly, but confirmed the new deadline date with NJAR®. Licensees who have not already done so may now complete the CE requirement of 12 credits by July 15 and will still be required to pay the $200 late CE fee. Additionally, licensees may renew their licenses by July 15 without having to pay a late license renewal fee. The late license renewal fee, a separate fee from the late CE fee, will be assessed beginning July 16. For salespersons and broker-salesperson, this fee is $20; for brokers, corporate entities and partnerships, this fee is $40.
If you have any questions please contact The New Jersey Real Estate Commission at 609-292-7272
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Legislation Passed on BPOs/CMAs
Yesterday afternoon, the New Jersey State Senate unanimously passed legislation allowing real estate licensees to prepare BPOs/CMAs, sending the bill to the Governor's desk to be signed in to law.
Legislation Passed on Electronic Signatures
On June 24, bill A-3818, which allows the use of electronic signatures on real estate contracts received final approval from the legislature. The electronic signature legislation (A-3818) was introduced to clarify that existing federal law allowing the use of electronic signatures on real estate contracts is also permitted by state law, which is currently unclear on this subject.
Tax Reform
On June 27th the Chairman of the Senate Finance Committee, Max Baucus (D-MT) and Ranking Member Orrin Hatch (R-UT) announced their plan for tax reform legislation in the United States Senate. There are a wide range of provisions in the tax code that affect residential, investment, and commercial real estate. NAR® will be taking the lead in ensuring that each of those tax provisions is defended. In the coming days NAR® will work with friends in the United States Senate, as well our allies in other real estate associations to identify champions for each provision. Additionally, NAR® will be on offense working to improve certain provisions or make some temporary provisions permanent. Read More...
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This May Be the Last Year to Apply for REALTOR® Emeritus Status after 40 Years , Next Year You May Need 50 Years of Membership to Apply!
It is likely that this is the last year that REALTORS® can apply for Emeritus status after 40 years of REALTOR® membership. Next year, NAR® may change the Emeritus requirement from 40 years of membership to 50 years of membership. If you have been a REALTOR® for 40 or more years and have not yet applied for Emeritus status, please contact RealSource as soon as possible so we may assist you with the application process.
Submit Your Nomination for REALTOR® of the Year
The REALTOR® of the Year Award is one of the highest forms of recognition that can be bestowed upon a REALTOR®. The award is designed to honor those who have contributed to the advancement of his/her community and the REALTOR® profession. A selection committee will select one RealSource REALTOR® of the Year, and their application will be submitted to NJAR® for consideration for the NJAR® REALTOR® of the Year Award.
If you know someone who would like to nominate for this honor, please complete the Nomination Form and return it to RealSource no later than JULY 15.
We ask that your submissions please be typed! To use the fillable form, please use the following steps:
- Click on the field you wish to enter information for and type directly onto the form.
- If you wish, save the file to your computer.
- Submit your completed form in one of the following ways:
- Print out the form and either fax it to RealSource at 201-444-6368, drop it off, or mail it in.
- E-mail the saved completed form to nilchert@njrealtor.com using "Realtor of the Year" as the Subject Line.
Click Here for the Nomination Form!
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Members On The Move This Week
 Amy DeVincentis to Coldwell Banker, Ridgewood
Donna Hanson to Keller Williams Valley Realty, Woodcliff Lake
Renee Heit to Terrie O'Connor REALTORS®, Ramsey
Nanci Lieneck to Weichert REALTORS®, Ridgewood
Judy G. Minkus to Terrie O'Connor REALTORS®, Ramsey
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5 Success Strategies for New Real Estate Agents in the Digital Age
For those just starting out in real estate, it can seem like an uphill battle at times. Although there is no key to success, knowledge and guidance can get you a long way. Here are 5 steps to starting out your real estate business strong.
View the Infographic / Read More...
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Just a Few Days Left to Earn a $100 Prepaid Visa Card
Sprint, a REALTOR Benefits® Program partner, offers discounts to NAR® members on select monthly service plans. Plus, through June 30, get a $100 Visa® Prepaid Card for all NEW line activations! Learn More...
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Short Sales: Minimum 5 Days in MLS, Fannie, Freddie Say
Any property being considered for short sale approval must be listed on the multiple listing service (MLS) for five consecutive days, including one weekend, prior to Fannie Mae or Freddie Mac approving the offer, the two companies say in changes to their short sale guidelines. Both companies will require submission of printed copies of the property's MLS listings in the geographic area in which the property is located. The changes take effect Aug. 1. For more info, contact Charles Dawson at NAR® (202) 383-7522
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The Value of Working with a REALTOR® is Being More Widely Recognized by Local Homeowners in New Jersey
The number of "For Sale by Owner" signs has decreased in the region, some real estate professionals say, as fewer homeowners choose to go it alone in selling their houses.
Read More...
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