In July 2024, Governor Phil Murphy signed the Real Estate Consumer Protection Enhancement Act (RECPEA) into law, marking a significant shift in how real estate transactions are conducted in New Jersey. This important legislation, which took effect on August 1, 2024, enhances protections for both consumers and real estate professionals, prioritizing transparency and accountability in our industry.

To help our members stay compliant and informed, here are the top six updates every NCJAR REALTOR® should know:

1. Seller’s Property Condition Disclosure Statement Now Required

Sellers of residential properties are now required to provide a fully completed property condition disclosure statement before buyers become contractually obligated. This promotes transparency, enables informed decision-making, and helps reduce the risk of future disputes. Ensuring this document is completed and delivered on time is now a non-negotiable part of every residential listing.

2. Brokerage Service Agreements Are Mandatory

As the school year comes to a close, many children and families across our communities face an increased struggle: access to nutritious meals. When school cafeterias close for the summer, countless children who rely on school meals are left without consistent food. That’s where you can make a difference.

Join NCJAR’s Summer Food Drive – June 2–6, 2025

• Collect Non-Perishable Food Items
  Set up a collection point in your office and gather shelf-stable donations like canned goods, pasta, rice, peanut butter, and more.
• NCJAR Affiliates Will Pick Up Donations

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