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Frequently Asked Questions

What is a REALTOR®?

A REALTOR® is a real estate agent or affiliated real estate professional who is a member of the National Association of REALTORS®, called NAR for short. REALTORS® are located in all parts of the world. If you ask a REALTOR® what sets that individual apart from a regular real estate agent, that agent will point to being held to a higher standard. That higher standard is called the REALTOR® Code of Ethics.

How do I become a REALTOR®?

REALTORS® pledge themselves to protect and promote the interests of their client. This obligation to the client is primary, but it does not relieve REALTORS® of their obligation to treat all parties honestly. When serving a buyer, seller, landlord, tenant or other party in a non-agency capacity, REALTORS® remain obligated to treat all parties honestly. REALTORS® shall be honest and truthful in their real estate communications and shall present a true picture in their advertising, marketing, and other representations. Visit www.realtoreducationcenter.com for more information. 

 

What is the New Jersey Multiple Listing Service (NJMLS)?

The New Jersey Multiple Listing Service (NJMLS)  is a cooperative information network of Real Estate Offices that provide descriptions of most of the homes and properties for sale in Bergen, Essex, Passaic, and Hudson Counties and beyond. It insures that your property's information will be available to be seen by all the other members in the association.

As a REALTOR® owned Multiple Listing Service (MLS), the NJMLS adheres to guidelines recommended by the National Association of REALTORS® and guarantees that every member receives an EQUAL REPRESENTATION IN ITS GOVERNANCE. Through this governance structure and after more than 40 years of hard work and dedication, REALTOR® members have built the NJMLS into one of the most successful Multiple Listing Services in the state of New Jersey.

What is the Real Estate Commission?

The Commission is empowered to conduct investigations, to hold hearings and to revoke licenses and/or otherwise sanction individuals and firms for violations of the license law or its administrative rules. Violations which can result in severe sanctions include commingling or misappropriation of escrow monies, making substantial misrepresentations, being convicted of a theft offense, procuring a license by fraud or deceit, and "any conduct which demonstrates unworthiness, incompetency, bad faith or dishonesty."

The Commission also administers and enforces the Real Estate Sales Full Disclosure Act. This law regulates the marketing and sale in New Jersey real estate interests located in other states and countries. Persons who wish to market such properties in New Jersey must first register their projects with the Commission. In order to qualify for registration, the applicant must demonstrate to the satisfaction of the Commission that they can convey good title to the properties, that full and accurate disclosure of all pertinent information will be made to prospective New Jersey purchasers, and that adequate financial assurances have been established to insure completion of all promised improvements.

How do I set up my zipForm® account? Is there a fee?

In order to use DocuSign® with zipForm® Plus, you will first need to have a DocuSign® account. Follow the steps below to learn how to sign up for a DocuSign® account through zipForm® Plus:

  1.     With zipForm® Plus open, click on your name on the upper right corner
  2.     From the menu click on Profile
  3.     Click on the Settings button
  4.     Select DocuSign® from the e-Signatures Options section
  5.     Click on the DocuSign® Subscription(s) button
  6.     Then confirm that you wish to order, by clicking on the Order Now button
  7.     Enter your NRDS Number
  8.     Place a check in the box next to DocuSign® REALTOR® Edition
  9.     Enter all of the information needed for the order
  10.     Click on the Authorize button

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