NCJAR News
No to Higher Fees on Home Sales
Take action today to protect homeownership in New Jersey.
State legislators are considering raising the Realty Transfer Fee on homes sold for over $1 million. This proposal includes:
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A 1% increase in the fee for homes sold over $1 million
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A 2% increase for homes sold over $2 million
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The fee would be paid by the buyer, adding significant cost at closing
When you join the REALTOR® family, you don’t just gain access to your local board—you become part of a powerful, three-tiered partnership built to serve you at every level of your career. This unique structure, known as the Three-Way Agreement, connects you to your local board (like NCJAR), your state association (NJ REALTORS®), and the National Association of REALTORS® (NAR). Each entity has a distinct role in supporting your business, but the state level plays a particularly strategic part in representing your interests across New Jersey.
As your state association, NJ REALTORS® works to advance public policy, offer legal and business tools, and ensure that your professional voice is heard in Trenton and throughout the Garden State. It’s a level of membership support that combines industry-wide perspective with regional specificity—working to protect your license, your livelihood, and your long-term success.
What NJ REALTORS® Does for Members
Join NCJAR for an exciting evening of fun, friendly competition, and advocacy at the Round~Robin for RPAC Pickleball Event.
Date: Thursday, August 7, 2025
Time: 5:00 PM – 7:30 PM
Location: Home Court Pickleball Club
235 Ridgedale Avenue, Cedar Knolls, NJ
Whether you're stepping onto the court or cheering from the sidelines, this event is a great way to connect with colleagues and support the REALTORS® Political Action Committee (RPAC).
Admission:
The National Association of REALTORS® Board of Directors approved a 2026 budget with no dues increase and passed a Professional Standards Recommendation to clarify language in NAR Code of Ethics Standard of Practice 10-5, which prohibits harassment of any person or persons protected under Article 10 of the Code.
A day earlier, the Executive Committee approved another Professional Standards change, revising language for Policy Statement 29 designed to ensure state and local associations can fairly and consistently enforce the Code of Ethics.
Read the revised Code of Ethics and Standards of Practice.
Board members also approved a consent agenda to elect the 2026 officers and regional vice presidents. Christine Hansen of Ft. Lauderdale, Fla., was elected 2026 President-Elect, and Colin Mullane of Ashland, Ore. was elected 2026 First Vice President.
The meeting opened with a video message from President Donald Trump, who welcomed REALTORS® to Washington and thanked them for support of the House-passed tax reform. NAR routinely invites the U.S. president to address REALTORS® at the Washington meetings. Over NAR's history, nine sitting presidents have addressed the association.
