We are pleased to announce a valuable new resource available to our members, courtesy of NJ Realtors®. A comprehensive webpage dedicated to the Real Estate Consumer Protection Enhancement Act has been launched, providing essential information and tools to navigate the upcoming changes in our industry.
What Should I Know?
The Real Estate Consumer Protection Enhancement Act, effective August 1, introduces significant enhancements to consumer protection and transparency in real estate transactions.
Key features of the act include:
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Brokerage Services Agreements: Now required to establish clear terms between brokers and clients.
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Seller's Property Condition Disclosure Statement: Mandates a thorough disclosure from sellers about the property's condition.
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Designated Agency: New regulations are in place to clarify the roles and responsibilities in designated agency scenarios.
Where Can I Learn More?
Visit njrealtor.com/cpea to access this valuable resource. The webpage includes a downloadable document that outlines the law and details the various types of agency relationships.
This new webpage is an incredible member benefit, offering our Realtors® the tools and knowledge needed to stay compliant and provide the best service to their clients. Take advantage of this resource to ensure you are well-prepared for the changes ahead.
For more information, please contact us at 973-425-0110 or
