The 2023 New Jersey Realtors® Circle of Excellence Sales Award® application is now open. This year, there were two updates to the application:
1. Rental Calculations – The calculations of rentals to units were changed for both long-term rentals and short-term rentals:
Long Term Rentals
1 Long Term Rental = 1 Unit
Short Term Rentals
10 Short Term Rentals = 1 Unit
These new rental calculations apply to Dollar & Unit Method and Strictly Unit Method.
2. Non-MLS Rental Date – For non-MLS rental transactions, the sale used for transaction eligibility is now the lease start date. Rental transactions listed in the MLS remain as a close date.
Learn more and apply here.