New Jersey Real Estate Brokerage Law 2023

by Barry S. Goodman

Overview

New Jersey Real Estate Brokerage Law covers essentials attorneys and brokers must understand to navigate the explosive minefield of real estate brokerage law. The book, published in cooperation with the New Jersey REALTORS®, covers procedural issues, such as licensing and education requirements, regulations for maintaining offices, and the relationship between brokers and salespersons. It also lays out in a comprehensive fashion all of the disclosures that real estate licensees are required to make, the Real Estate Commission's requirements concerning contracts of sale and leases that real estate licensees prepare, and the advertising rules that govern real estate licensees.

Two separate chapters deal with the activities a real estate licensee is prohibited from engaging in, and the discipline that can face a real estate licensee for violating the Real Estate License Act or any of the Real Estate Commission's regulations that implement the Act. The book also covers the limitations on a real estate licensee's activities so that they will not constitute the unauthorized practice of law, including the attorney-review clause. Other topics covered include trade associations, multiple listing services, arbitration, and the Code of Ethics governing NJ REALTORS® members. Although this book primarily focuses on New Jersey law, there are several federal laws that real estate licensees must follow. Therefore, separate chapters deal with the Real Estate Settlement Procedures Act, the Fair Housing Act, and lead-based paint disclosure requirements.

Product Details

ISBN-13:	9781588526748
Publisher:	ALM Media Properties, LLC
Publication date:	11/28/2022
Sold by:	Barnes & Noble
Format:	eBook
Pages:	798
File size:	5 MB

About the Author

Barry S. Goodman
Barry S. Goodman is a Partner in the Litigation and Real Estate Departments and Chair of the Real Estate Brokerage Practice Group at Greenbaum, Rowe, Smith & Davis LLP in Woodbridge. Mr. Goodman concentrates his practice in real estate and real estate brokerage issues, as well as antitrust suits, corporate shareholders’ and partnership disputes, and municipal law. He also serves as General Counsel to the New Jersey REALTORS®. He received his B.A. cum laude from Rutgers College and his Juris Doctor from Rutgers University School of Law in Newark.
 

Table of Contents

Chapter 1: License Required to Provide Real Estate Brokerage Services

Chapter 2: The Relationship Between Brokers and Salespersons

Chapter 3: Agency

Chapter 4: Disclosures to Consumers

Chapter 5: The Unauthorized Practice of Law

Chapter 6: The Attorney-Review Clause

Chapter 7: Listing Agreements

Chapter 8: Broker’s Recovery of Commissions and Other Compensation

Chapter 9: Bases for Broker Liability

Chapter 10: The New Jersey Real Estate Commission

Chapter 11: Education and Licensing Requirements for Brokers, Salespersons and Salespersons Licensed With a Real Estate Referral Company

Chapter 12: Real Estate Schools

Chapter 13: Maintaining Brokerage Offices

Chapter 14: Broker’s Trust Accounts and Recordkeeping

Chapter 15: Trade Associations and Multiple Listing Services

Chapter 16: Real Estate Commission and Other Advertising Rules

Chapter 17: Commission Regulations and Other Requirements Regarding Contracts of Sale and Leases

Chapter 18: Prohibited Activities

Chapter 19: Discipline of Real Estate Licensees

Chapter 20: Disclosure of Off-Site Conditions

Chapter 21: The Real Estate Settlement Procedures Act

Chapter 22: The Fair Housing Act

Chapter 23: Lead-Based Paint Disclosures