NCJAR News
Let’s give a Warm welcome to NJCAR’s newest affiliate member, Isaiah Tell, of College Hunks Hauling Junk & Moving.
When it comes to moving into a new home or getting rid of some unwanted items around your house, you have many options. We understand this. Moving companies, dumpsters, truck rentals—finding an option isn’t the hard part. However, when seeking someone to help you with services that involve your home or property, you want to make sure that whoever you hire is honest, reliable, and trustworthy. That narrows down your choices considerably. That’s where we come in: College HUNKS Hauling Junk & Moving® is all of that and so much more. In fact, HUNKS stands for Honest, Uniformed, Nice, Knowledgeable, Service.
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Tell Me More: Please read the questions and answers below for additional information about when the law goes into effect, seller disclosure requirements, and dual and designated agency.
When does the Real Estate Consumer Protection Enhancement Act go into effect?
The law goes into effect on Aug. 1 and the National Association of Realtors® mandatory practice changes must be implemented by Aug. 17.
Which Section of the New Law? We've received questions pertaining to notification of cooperative compensation on the MLS under the new law, which takes effect Aug. 1.
What Should You Know? Sellers’ agents can no longer disclose compensation in Multiple Listing Services or notify MLSs about cooperative compensation, if prohibited by MLS policy.
What's the Latest? Gov. Murphy signed Bill S3192/A4454, the Real Estate Consumer Protection Enhancement Act, into law today.
What Should You Know? The law, which will go into effect on Aug. 1, strengthens both consumer and real estate licensee protections.
The following are the six major changes the law provides for:
- Sellers must provide a fully completed property condition disclosure form before buyers sign a contract.
- Listing agents will be required to explicitly disclose who they represent at open houses.
- Designated agency, which enables a brokerage to appoint an agent to either side of a transaction at the client’s request, is now permissible.
