New Real Estate Law In NJ: The Real Estate Consumer Protection Enhancement Act Is Here!

Описание: A NEW law, the Real Estate Consumer Protection Enhancement Act, took effect in New Jersey on August 1st, 2024.

This "new law" contains 6 MAJOR changes affecting the practice of real estate in New Jersey. The most surprising of which is the requirement of a brokerage service agreement (in writing) before a homebuyer may view any homes for sale with a licensed real estate agent.

In this video, James Flanagan and Gayle Flanagan, of Coldwell Banker Flanagan Realty, explain all 6 MAJOR changes and how they affect you, as a homebuyer in New Jersey.

The 6 major changes are:
1. The Seller Property Disclosure Condition Form MUST be signed by the buyer PRIOR to entering into contract a home.
2. Brokerage Service Agreements REQUIRED.
3. Designated Agency now allowed in NJ.
4. Agency added as REQUIRED CORE CE topic.
5. Open House Representation Signage Required.
6. Compensation Disclosure Changes Mandated In MLS.

Watch as Jim and Gayle explain the 6 changes contained in the NJ Real Estate Consumer Protection Enhancement Act and how they affect you as a homebuyer in New Jersey.

If you're thinking about living in Toms River, moving to Toms River, or interested generally in Toms River real estate, then this channel is for you. My aim is to give you all the tips you need to make the best decisions on your move!

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My name is Jim Flanagan, and after living in Toms River for most of my life and serving this area as a real estate agent, I hope to provide with you a great perspective on what you can expect especially if you're thinking about moving to Toms River. I've actually had 2 experiences moving to Toms Rivers (yes I've lived here 3 times).

Feel free to reach out with any questions and I'd love to be a resource in any way that I can.