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New Jersey Real Estate Brokerage Law 2025

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JREAL25

New Jersey Real Estate Brokerage Law covers all of the essential topics that attorneys and real estate licensees must understand in order to navigate the complexities of this practice area

New Jersey Real Estate Brokerage Law covers essentials that attorneys and brokers must understand to navigate the complexities of the practice of real estate brokerage law. New in the 2025 Edition are these recent developments:

  • The Consumer Protection Enhancement Act, effective August 1, 2024, provides protections for consumers and real estate professionals including the creation of designated agency in New Jersey, mandatory seller property condition disclosure statements, defined duties for buyers' agents and sellers' agents that must be in buyer agency and listing agreements, and mandatory notices for buyers at open houses
  • New regulations governing brokers paying LLCs and other entities
  • The effect of the National Association of REALTORS® (NAR) 2024 antitrust settlement on MLS's and cooperative compensation
  • Flood notice requirement for tenants and buyers in commercial and residential transactions
  • New Jersey Supreme Court opinion clarifying the classification of real estate salespersons as independent contractors as opposed to employees
  • New Jersey Appellate Division 2024 decision holding that age-restricted communities of 55 and older cannot require owners to be 55 or older

Published in cooperation with New Jersey REALTORS®, the book covers procedural issues, such as licensing and educational requirements, regulations for maintaining offices, and the relationship between brokers and salespersons. It comprehensively lays out all required disclosures by real estate licensees, the Real Estate Commission's requirements on contracts of sale and leases, as well as advertising rules. The book explains prohibited activities for a real estate licensee, including applicable discipline for violating the Real Estate License Act or the Real Estate Commission's implementing regulations.

Additional Information
SKU JREAL25
Division Name New Jersey Law Journal
Volumes 1
Product Types Books
Brand New Jersey Law Journal
Publication Date November 28, 2024
Jurisdiction New Jersey
ISBN 978-1-58852-975-6
Page Count 858
Edition 2025
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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, New Jersey. 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.

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