NJMLS Highlights | Summer 2017

Here is the latest issue of the NJMLS newsletter. On mobile devices, pinch the screen to fit if necessary.
 

Mission Statement
 

To foster cooperation between REALTOR® members while providing the highest quality data, tools, technology, and service.



Have the Convenience of XL Paragon and ShowingTime at Your Fingertips This Summer

Summer often means time spent away from your office but it may not mean you can spend time away from your work. We provide you with tools such as the NJMLS Mobile App and the ShowingTime Mobile App, which give you the convenience of being able to search for properties and request appointments from wherever you may be.

The NJMLS Mobile App gives you access to listing and tax information while you’re on the go. Create and save searches using filters, draw a shape on the map to search within those boundaries, or use the “Near Me” search to find listings based on your location. Listings may be shared with your customers via email or text message, giving you added convenience in getting information to them quickly.

We also recently integrated ShowingTime into our mobile app; when listings have this service enabled, you can easily request showings using the “Showing” icon displayed on the bottom of each page.

Use the ShowingTime mobile app to request and confirm showings, manage showing feedback and share listing activity reports with sellers, all from your mobile device.


 

Agent Direct Billing

Recently, the NJMLS directed a survey to our Broker members regarding their preferences about how the NJMLS bills membership dues. The results of the survey indicate that the overwhelming majority would prefer to have their agents be billed directly for their membership dues. The Board of Directors has approved this change, which will become effective mid-year 2018. Other NJMLS fees will still be billed to the broker including listing fees and fines. Details will be forthcoming as we get closer to implementing this change.

 
 


Reminder About Required Market Areas


NJMLS Member Offices are required to enter listings into the system which fall into the following Market Areas and Property Categories:

Market Areas
  • Bergen County
  • Essex County
  • Passaic County
  • Hudson County:  East Newark, Harrison, Kearny
Property Categories - 1-4 Family Homes for sale including:
  • Residential (Single Family)
  • 2-4 Family
  • Condo/Coop/Townhouse

 
Immediate Alerts for Prospects:  They’ll Be the First to Know



Get listing information to your customers instantly.  We have added an option to send Prospect emails on an immediate basis, giving you an edge in getting listing data to your customers before they can find it anywhere else. When this option is chosen, based on the search criteria you have set up for your Prospect in XL Paragon, email alerts are sent to them as soon as a new listing displays in the system, or changes are made to an existing listing.
E-Signature Tip
NJMLS Live Chat is Available
 

We are offering a new way for you to communicate with the NJMLS support team. You may have already noticed a “bubble” at the bottom right of every page when you’re logged into XL Paragon, allowing you to contact us using our new online Live Chat feature. Click on the bubble to open up a session to troubleshoot listing issues or ask a quick question.


 


 

 

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Maintaining the Integrity of the NJMLS Data

Whether you’re relying on statistics to keep up to date on market trends and conditions, or you’re compiling listings for comparables to send to customers to assist them in buying or selling a home, you depend on the data you retrieve from XL Paragon. This data comes from the information you provide when entering and managing your listings, so it is very important that this is timely and complies with the guidelines the NJMLS provides for you in our Rules and Regulations regarding putting listings into the system and status changes.

As a reminder, most of these follow the “24 Hour Rule.” Although we don’t formally call it that, it’s an easy way to remember how long you have to complete certain tasks. Basically, you have 24 hours from the timeyou have fully executed paperwork (all owners on the deed and your broker must sign) to:
  • Enter a listing into XL Paragon
  • Withdraw a listing from the system
  • Extend a listing (up to midnight on the date of expiration)
  • Make a price change
These two changes do not require paperwork but they do need to be made in the system within 24 hours:
  • Change the status of a listing from Active to Attorney Review in Progress (ARIP)
  • Change the status of a listing from ARIP to Under Contract (UC)
The one change that does not follow this rule is marking a listing from Under Contract to Sold. We allow seven calendar days from the time of closing to make this change in the system.

If you have any questions regarding these changes, please call us or refer to the NJMLS Rules and Regulations, which can be found in the Toolkit in XL Paragon.



 
Monthly Stats View

2017 - 1st Half
All Residential, All Areas
% increase vs. 2016

Total Sold
8,882
+5.8%

Median Sale Price
$380,000
+3.2%

Median Sale Price by County
Bergen            Essex            Hudson            Passaic
$438,000            $330,000            $410,050            $300,000
+4.3%            0%            +6.2%            +5.3%

 
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Beware of Email Fraud

We are hearing from members about an increasing number of suspicious emails that could be fraudulent phishing schemes or could contain computer viruses. We urge members to be extremely cautious when responding to emails and to advise customers to follow precautions during their real estate search and purchase. As a general rule, do not reply to emails that ask for personal or financial information and do not click on links or attachments - even if the message seems to be from a person you know or an organization you trust.

 
 
Welcome to Our New Member Offices

We welcome the following new offices and Designated Realtors to the New Jersey Multiple Listing Service:

Bergen County
K Realty Group LLC in Englewood Cliffs and Designated Realtor, Hye Eun Cho
Coldwell Banker Wyckoff/Franklin Lakes in Wyckoff and Designated Realtor, Tracy Devine
Sherwood Realty Group Inc. in Englewood and Designated Realtor, David Gurfein

Essex County
Smart Realty LLC in Newark and Designated Realtor, Elvin Ames

Passaic County
Solgar Realty LLC in Hawthorne and Designated Realtor, Olga Clavijo

Hudson County
NJ Realty Express in Jersey City and Designated Realtor, Ramon Santiago
Triumph Group Real Estate LLC in Jersey City and Designated Realtor, Mohamed Elsa

Burlington County
ERA Central Realty Group Inc. in Bordentown and Designated Realtor, Linda Shinn

Hunterdon County
Heroes Certified Inc. in Clinton and Designated Realtor, Prem Gupta

Middlesex County
Weichert Realtors in Edison and Designated Realtor, John Jaramillo

Orange County
Keller Williams Realty in Chester and Designated Realtor, Chris Scibelli

Somerset County
Partners Group Inc in Somerville and Designated Realtor, Scott Royster
Coldwell Banker Residential Brokerage in Warren and Designated Realtor, Michael Downer
Weichert Realtors Watchung in Watchung and Designated Realtor, Theresa Milliken

Union County
RE/MAX New Millenium Group in Hillside and Designated Realtor, Rosemena Desa
B Quest Realty in Union and Designated Realtor, Ilda Borges
Signature Realty NJ LLC in Springfield and Designated Realtor, Michelle Pais
ERA Suburb Realty Agency in Scotch Plains and Designated Realtor, Donald Lamastra
Keller Williams Mid-Town Direct Realty in Springfield and Designated Realtor, Andre Saraiva

New York 

Tom Marco Real Estate Inc. in Brooklyn and Designated Realtor, Tom Marco
Ellis Sotheby's International Real Estate in Nyack and Designated Realtor, Nancy Bunin
Geraldine A. Ruby in Hopewell Junction and Designated Realtor, Geraldine Ruby
Keller Williams Realty in Chester and Designated Realtor, Chris Scibelli
 
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New Jersey Multiple Listing Service, Inc.
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PO Box U
Haworth, NJ 07641

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