How New Federal Guidelines Affect NJ Real Estate

The following message will be sent to the membership later this afternoon to clarify whether the newly released federal guidelines will have impact on New Jersey real estate.

Yesterday, 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.

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Dear Friends,

First, I want to thank everybody for doing all they can to help stop the spread of coronavirus. I know this disruption to our work and way of life is not easy.

I am aware of the concerns about an influx of new visitors to Ocean City during the current public health emergency.

Although Ocean City ordinarily welcomes all visitors, at this time we must take all available steps to enforce social distancing recommendations and limit nonessential travel to Ocean City.

As authorized by Gov. Phil Murphy’s Executive Order No. 108, Ocean City will prohibit online marketplaces from offering short-term rentals until further notice.

In addition, I have spoken with leaders in the Ocean City real estate community, and they have agreed to suspend short-term rentals of any kind. I urge all private owners to do the same.

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We are facing a health issue, such that we have never seen before.

In his letter of March 19th, the Mayor of Ocean City has asked everyone to stay home, limit travel to only essential destinations and practice social distancing.

Last week by city mandate, it was announced that the Ocean City beaches and boardwalk are closed.

Mayor Gillian has asked all residents to honor the Governor’s directive to shelter at home, and for all residents to stay at home. 

We ask that we all do our best to follow the Governor's, the CDC’s and the Mayor's restrictions and requests. Please check with your Broker if there is a new temporary policy concerning government restrictions and requests, particularly with respect to Spring Rentals. Please follow the direction of your Broker.  

There are many resources available to you to use as guidance.

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