We have had a lot of calls coming in regarding "Coming Soon" listings and the rules and regulations that the state has for them. Please view THIS short video from the National Association of REALTORS to give you a better understanding of the rules.
- Must have a valid Listing Agreement and must have a waiver from the seller to keep the listing off the MLS.
The NJ REALTORS® new, statewide Standard Real Estate Sales Contract (Form 118) was released last October. Valuable feedback to the form was received and from that a few revisions have been made. These are not major revisions.
PLEASE NOTE: The new forms are now online through zipForm Plus.
The revisions include:
Just a reminder that BCCAR's Proposal to Purchase Form, which is copyrighted, has been discontinued and can no longer be used. Thank you.
The New Jersey Real Estate Commission just released their Bulletin on Lockbox Security and enforcing regulations of safety for the clients and agents.
The use of lock boxes on properties to be sold or leased is common practice to facilitate the sale or lease of a property and is regulated by the requirements of the MLS services available within the state. For general information on the placement of lock boxes on properties listed for sale or rental it is imperative to review the specific terms and conditions of each listing service.
Among the information above, they further state "Regardless of the reason - home inspections, room measurements, showing family members the home, etc., - no one should be allowed to enter the property without proper supervision and under no circumstance should unaccompanied access be granted without the seller's full knowledge and consent."
Click here to view the full bulletin.
BCCAR CEO, Diane Streichert, has an important message for all REALTORS®.