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RealSource  - I have set up a Presidential Advisory Group to investigate Realtor® safety products for our membership, Directors Amy DeBellis and Karen White are chairing the PAG. if any member is interested in participating please email suzan@realsource.org.

NJMLS - Rebate checks in the amount of 35% of the listing fee per listing (excluding filed exclusives) will be mailed to each office shortly.  NJMLS is adding "informed consent to dual agency" to the forms to be selected when creating a new listing agreement.

RPAC - 7% sales tax on your commissions, this is an issue that has constantly been raised in New Jersey state legislature and with the governor's race in November there will be a strong need to close the budget gap and reduce state debt. While it is called a sales tax which is an everyday occurrence in our lives, it is really a direct increase of the state income tax paid by Realtors®.  This year more than ever your contributions to RPAC are imperative. As of today, less than one third of our members have made a contribution. If you intend to remain a Realtor®, you must contribute to RPAC now.

NJR - NJ Realtors® participated as amicus curiae in the most recent Supreme Court case concerning the attorney review clause.  Basics of the case: purchaser submits an offer, offer is accepted, during the attorney review a higher offer is submitted. Seller terminates the first contract by sending an email and a fax to the brokers. Two days after returning review clause has concluded, the first buyer claims that proper notice of disapproval was never given and his original contract is still in force. The clause only allows three forms of notification: certified mail, personal delivery, or telegram. The appellate court said that the email notice met the intention of the attorney review clause. Both NJ Realtors® and the New Jersey Bar Association have taken the position that the clause needs to be updated to reflect the changes in technology and that notice by email and fax are proper notice. Expect a decision in several months.

NAR - The National Association of Realtors® has endorsed Dr. Ben Carson as the nominee for the Secretary of the Department of Housing and Urban Development.  
  • Mortgage Interest Deduction (MID) - NAR is actively engaged in ensuring that current and future homeowners will be able to take advantage of this important benefit. There is a strong possibility that tax simplification may significantly reduce the MID benefit for homeownership.
  • FHA Fee - On January 20, HUD announced it has suspended FHA's MIP reduction. NAR President, William E. Brown, expressed disappointment with the decision. "According to our estimates, roughly 750,000 to 850,000 homebuyers will face higher costs and 30,000 to 40,000 new homebuyers will be left on the sidelines in 2017 without the cut," he said. "We're disappointed in the decision but will continue making the case to reinstate the cut in the months ahead."
 
 
 
 
 

We received word that food pantry inventory in our area is extremely low and unable to keep up with the demand of those in need. The Community Service Committee of RealSource is leading a food drive to benefit local food pantries.

Date: Now through February 14
Where: Drop off at RealSource

Please bring a BAG of food, or any food item...gluten free and healthy foods welcome! The following items are URGENTLY needed:

Supermarket Gift Cards, Canned Meat (tuna, chicken, etc., Canned Hearty Soups, Canned Vegitables, Packaged Macaroni and Cheese, Peanut Butter and Jelly, Cereal (low-sugar and oatmeal), Dry Milk (or boxed Parmalat), Canned Fruit, Instant Potatoes or Rice, 100% Juice, Baby Formula and Diapers sizes 4, 5 and 6, Bar Soap, Toothpaste, Toothbrushes and Dental Floss.

Please: no glass, perishable foods and/or expired foods!
 
 
 
 
 

Each year the Community Service Committee of RealSource in conjunction with the NJMLS contributes thousands of dollars and items to local charities.

This past year, we were able to donate over $70,000 to organizations in our area. Each week we will be highlighting one of the groups that have benefited from the generosity of the members of RealSource.

Center for Hope and Safety (formerly Shelter Our Sisters)

Founded in 1976, the Center for Hope and Safety is a not-for-profit agency that believes that every person has the right to be safe, empowered, and free from violence and the fear of violence. Their mission is to help clients heal and grow through a wide range of services that give them the tools they need to leave the violence and empower them and their children for new beginnings.

They are dedicated to assisting victims, and their children of domestic violence by turning fear into safety, helplessness into strength and isolation into hope.

For more information on the Center for Hope and Safety, visit their website:

 
 
 
 
 

Notice from Borough of Hasbrouck Heights

Open House Real Estate Sign Permit Renewal

As per Borough Code 275-21E(5), a permit is required for the placement of signs for open house events.

If you are planning to conduct an open house in 2017 in the Borough of Hasbrouck Heights, a permit and yearly fee are required, as well as a certificate of insurance.

Forms are available at Borough Hall, 320 Boulevard, Hasbrouck Heights, for additional information call 201-288-0195.
 
 
 
 
 

Julie Belardinelli
Sr. Director-Independent Wine Ambassador
Boisset Collection - Wine Concierge Services
Phone: 201-723-8702

As a Boisset Collection Wine Ambassador, I bring the tasting room experience to homes, businesses, and special events — along with unique access to rare and exclusive, award-winning wines. With an evolving portfolio of over 100 different limited production, premium wines, it's the only way to taste before you buy without visiting the wineries themselves.


Please contact me directly at 201-723-8702 about hosting a private wine tasting or event, purchasing wine, joining one of our wine clubs, and our custom label and etched bottles which really make impressive client and employee gifts.

 
 
 
 
 

Available Classes in January and February at RealSource:

Short Sales: Navigating Through Muddy Waters - 3 Elective Credits - $15.00
Thursday, January 26, 2017 1:30 PM - 4:30 PM

Renovation Lending: Understanding 203K and other Financing Options - 3 Elective Credits - $15.00
Wednesday, February 1, 2017 9:00 AM - 12:00 PM

Social Media, Laws and Ethics- Dos and Dont's - 3 Core Credits - $15.00
Monday, February 13, 2017 9:30 AM - 12:30 PM

Environmental Concerns in Real Estate Transaction - 3 Core Credits - $15.00
Monday, February 13, 2017 1:30 PM - 4:30 PM

Advertising Regulations - 3 Core Credits - $15.00
Tuesday, February 14, 2017 9:30 AM - 12:30 PM

Multiple Offers - Be Prepared - 3 Core Credits - $15.00
Tuesday, February 14, 2017 1:30 PM - 4:30 PM

Ethics-How to Minimize Your Liability - 3 Ethics Credits - $15.00
Wednesday, February 22, 2017 9:30 AM - 12:30 PM

Wednesday, February 22, 2017 1:30 PM - 4:30 PM

Friday, February 24, 2017 10:00 AM - 12:00 PM

Monday, February 27, 2017 10:00 AM - 11:30 AM

ABR Course - 12 Ethics Credits - $275.00
Tuesday, February 28, 2017 8:30 AM - Wednesday, March 1, 2017 5:00 PM


Don't forget to check out the available online courses that offer CE credits:
From New Jersey REALTORS® - Log In
From the CE Shop - Log In
 
 
 
 
 

Tobiann Conte to Keller Williams Village Square Ridgewood
Olivia Janovic to Coldwell Banker Hillsdale
Robin Lynn Lenge to Weichert-Wyckoff
Patti Lakin to Prominent Properties Sotheby's
 
 
 
5 Franklin Turnpike Waldwick, NJ 07463
Phone: 201-444-3100  |  Fax: 201-444-6368  |  Email:
info@realsource.org