NJMLS COVID-19 Information Recap

NJMLS COVID-19 Information Recap

Posted on 20. Mar, 2020 by in Changes, News, Support

We know you are receiving many emails on the COVID-19 outbreak right now, so to help, here is a summary to keep you up to date on anything you may have missed along with some new information:

March 27 Changes to Delayed Showing:  In an effort to ease the concerns some sellers may have about showing their property during the COVID-19 outbreak, the NJMLS has temporarily lifted the 30-day restriction on Delayed Showings and will now allow Delayed Showings to be added or extended until May 1st. The Delayed Showing form has been revised accordingly. For a copy, click here.

In addition, listings with Delayed Showings will temporarily not accrue Days on Market. Please note: the NJMLS can only control the number of “Days on Market” within our own system and not on third party sites like Zillow and realtor.com.

As a reminder, a Delayed Showing Form must be signed by the sellers, listing Broker, and listing agent and uploaded as an Associated Document to the listing when a property cannot be shown for more than three calendar days from the listing date.

March 26 Update from New Jersey REALTORS®:  New Jersey REALTORS® has posted a list of FAQ’s that provides guidance during the COVID-19 outbreak. To review their information, click here.

To view New Jersey REALTORS’® new Addendum Regarding Coronavirus, an additional addendum to the Standard Form of Real Estate Contract, click here.

Executive Order:  To view the statewide Executive Order 107 from NJ Governor Murphy, click here.

NJ COVID-19 Information Hub:  For up-to-date information from the nj.gov website, click here.

System Changes:  We have made a change to temporarily not count Days On Market (DOM) on listings that have been recently Withdrawn Temporarily (WT). For more information, click here.

NJMLS Statistical Trends:  To view the impact of COVID-19 on real estate activity, we prepared a comparison of weekly NJMLS statistics in March 2020 vs 2019 to provide insight into recent changes. To view, click here.

ShowingTime® Trends:  To view a ShowingTime chart for trends in NJMLS ShowingTime Appointments, click here.

Supporting You:  Though our offices are currently closed, the NJMLS staff is still here to support you via phone, live chat, and email during our regular business hours. To learn more, click here.

Best Practices:  For best practices from the National Association of REALTORS®, click here.

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