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new jersey homebuyers: New Jersey Real Estate Commission Releases Memorandum on Buyer Rebates - 02/09/10 02:59 PM
The New Jersey Real Estate Commission (REC) has released its promised memorandum regarding implementation of the new law, enacted by former Governor Corzine, allowing buyers brokers to offer a rebate to buyers.The REC has not promulgated the rules to implement the law yet, but since it took effect immediately upon signing buyers rebates are legal in New Jersey. Up until January 5, 2010 the Commission prohibited rebates to buyers.
Until the rules are adopted, the REC is urging compliance with the language of the law on who may provide and receive a rebate, conditions concerning the providing of a rebate, limitations … (6 comments)
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new jersey homebuyers: NJ Home Buyers Are Already Asking About Commission Rebates - 01/24/10 07:43 AM
New Jersey’s new law permitting rebates in residential real estate transactions is already drawing consumer questions.
On January 19, 2010, former Governor Jon Corzine signed A-373 into law, permitting rebates to consumers in real estate transactions. The bill’s intention is outlined in it’s explanatory statement:
“This bill amends R.S.45:15-17 to permit a real estate broker, broker-salesperson or salesperson to give a client a rebate from the commission that the real estate broker, broker-salesperson or sales person receives in a transaction.”
While the New Jersey Association of REALTORS®(NJAR) originally opposed this measure when it was first introduced, but as the bill … (14 comments)
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new jersey homebuyers: Can I Use the Expanded and Extended Tax Credit Program to Buy a Home in New Jersey if I Don’t Have Perfect Credit? - 11/09/09 07:10 AM
Can I use the expanded and extended tax credit program to buy a home in New Jersey if I don’t have perfect credit?You might have thought that you couldn’t meet the deadline to qualify for a tax credit on a home purchase because your credit score is less than perfect. But the expanded and extended tax credit program to buy a home in New Jersey is now law, and you have six more months! That will give you some room to work on your credit score. The extended tax credit program offers first time home buyers six more months to get a home under … (6 comments)
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new jersey homebuyers: New Jersey Home Buyers, You're Running Out of Time! - 10/14/09 08:16 AM
New Jersey home buyers, you’re running out of time!
Whether New Jersey home buyers are moved by low interest rates, declining home prices, a large inventory or the promise of an $8,000 tax credit, they’re taking action!
Homes under contract in Ocean County’s southern communities of Barnegat, Waretown, Little Egg Harbor and Manahawkin have increased substantially.
That’s the good news.
The bad news for New Jersey home buyers is part of that equation will be disappearing on November 30, 2009.
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There is talk in Washington about extending that deadline, but you … (3 comments)
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Laura Giannotta 'Your Realtor Down the Shore!'
Little Egg Harbor,
NJ
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Keller Williams Realty Atlantic Shore, NJ
Address: Keller Williams Atlantic Shore, Laura G's Home Office, Manahawkin, NJ, 08050
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