News

FEMA continues to take proactive steps to address the COVID-19 pandemic and to help serve its National Flood Insurance Program (NFIP) customers who may be experiencing financial hardships, the agency is extending the grace period to renew flood insurance policies from 30 to 120 days.

To avoid a lapse in coverage, there is typically a 30-day grace period to renew National Flood Insurance Program policies. However, due to the widespread economic disruption arising from this pandemic, FEMA recognizes that policyholders may not meet the standard deadline.

The U.S. Department of Homeland Security Cybersecurity and Infrastructure Security Agency (“CISA”) issued updated guidelines which provide that “residential and commercial real estate services, including settlement services” are part of the essential critical infrastructure workforce. Although CISA made it clear the guidelines are “advisory in nature” and should not be considered a federal directive, it provides direction for those states that previously have not considered real estate services to be essential services.

[Waldwick, NJ – March 23, 2020] – According to February’s ShowingTime market reports, the actual and expected impacts of COVID19 continued to grow, with concerns of economic impact reaching the stock market in the last week of the month.

[East Rutherford, NJ – March 17, 2020] – Greater Bergen Realtors® (GBR) celebrated 672 members who have achieved the 2019 New Jersey Realtors® Circle of Excellence Awards. The recipients were recognized on Friday, March 4, 2020, at the MetLife Stadium in East Rutherford, NJ. This year’s award recipients include 75 Platinum Level, 69 Gold Level, 194 Silver Level, 333 Bronze Level and 15 Distinguished Sales (Sales Award for a period of not less than 10 years).

[Saddle Brook, NJ – March 9, 2020] – Greater Bergen Realtors® (GBR), the third largest real estate trade association in Northern New Jersey along with the New Jersey Multiple Listing Service (NJMLS) are pleased to announce their new central business operations located at 405 North Midland Ave., Saddle Brook, NJ.

The NJMLS and Greater Bergen Realtors put forth this project to come together to become a stronger force and to continue to offer the best in educational and training seminars for the members. 2020 NJMLS President, Eileen O’Driscoll stated, “I am very excited as this is practical move for the entire membership of our newly consolidated Association. Having that one central location will bring a-lot of efficiency to the business lives of our busy REALTOR members.”