Welcome to ELCAN Realty, your Jersey City Homes Broker
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Brokerage is our business---bringing buyers and sellers together in the marketplace. We've been at it for a long time, through the boom times and the dry spells, and have learned through continuing education and hard experience what it takes to put together a good deal. We work hard to close the transaction, using our expertise with today's telecommunications modules and the Internet, to bring about the result satisfactory to both parties. We help create a "meeting of the minds," negotiate the contracts, monitor the fulfillment of all contingencies, and overcome all obstacles to a timely close. We deal everyday with lawyers, lenders, title companies, home inspectors, roofers, plumbers, real estate appraisers, Jersey City's Tax Assessor, bank negotiators, et al., to expedite all our transactions.
We know the Jersey City market and those of immediate surrounding towns very well. Our office may be young, but our brokers and agents have been listing and selling homes in this area for the better part of 30 years. We are able to provide our clients with broad exposure to this marketplace by cooperating with all brokers and agents belonging to three Multiple Listing Systems (MLS): Hudson County, Garden State, and New Jersey. Our continuing mission, while adhering to the highest professional and ethical standards, is to provide superior service so our clients will realize their real estate goals and dreams. They have come to depend on our loyalty, obedience (to all legal demands), full disclosure of material facts, accounting for all entrusted funds, and reasonable care (due diligence) in our areas of expertise.
Whether you are buying or selling a home, hire someone like me who wants to earn your business. Please continue to browse my website for listings, reports and many other important local real estate information.
And feel free to contact me for any other general questions about buying or selling real estate in New Jersey, as I'm more than willing to help. Sincerely,  
Lito Quiray
Broker Associate |
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... a Graduate of the Realtor Institute
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To get paid from a real estate transaction, one must have a valid salesperson, broker-salesperson, or broker license issued by the New Jersey Real Estate Commission. But not all licencees belong to the National Association of Realtors (NAR), whose members adhere to a strict Code of Ethics and Pledge of Performance. NAR owns exclusive rights to use of the terms "Realtor" (for brokers) and "Realtor-Associate" (for salespersons), and the Realtor logo. Realtors are actively engaged in the business as members of their local Board of Realtors, the New Jersey Association of Realtors, and have access to Multiple Listing Systems(s). Other licencees may just be "hanging" their licence with the RE commission, "just in case they need it someday." NAR also bestows Designations and Certifications to Realtors who have qualified for these specializations by attending mandatory classes, passing rigid exams, and submitting proof of several transactions closed. The CRS (Certified Residential Specialist) designation, for example, requires about 80 hours of coursework and proof of 25 buying or selling transactions successfully closed. Individual state associations of Realtors conduct the Realtor Institute, whose graduates of its 90-hour course have been educated in all the aspects of real estate including listing and selling, financing, market valuation and appraisals, income-producing properties, fair housing, and real estate law particularly in their state. GRI (Graduate, Realtor Institute) signifies a designee's dedication to the profession, and identifies a real estate professional highly qualified to meet his/her clients' needs. |
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To be licensed as a Real Estate Salesperson, the New Jersey Real Estate Commission requires an applicant to attend 75 hours of a pre-licensing course, pass the school exam, and pass a state licensing exam. A Salesperson must be employed by a Broker, and compensated only by that Broker (e.g., commission splits). To be eligible for a Broker or Broker-Salesperson licence, an applicant must have a valid Salesperson's licence, attend 150 hours of a three-part broker course and pass exams for each part (general course, ethics and agency, brokerage management), submit proof of substantial production as a full-time real estate professional during the three-year period immediately prior to applying for a broker's licence, and pass the state licensing exam. Only a Licensed Real Estate Broker can open his/her own office, hire and manage licensed agents and office staff, and handle trust/escrow accounts. He/she also agrees to sue and be sued in the state of New Jersey. |
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