Bill
Bill > A4962
NJ A4962
Creates requirements for certain long-term real estate listing contracts.
summary
Introduced
12/12/2022
12/12/2022
In Committee
02/28/2023
02/28/2023
Crossed Over
02/27/2023
02/27/2023
Passed
Dead
01/08/2024
01/08/2024
Introduced Session
2022-2023 Regular Session
Bill Summary
Creates requirements for certain long-term real estate listing contracts.
AI Summary
This bill creates requirements for certain long-term real estate listing contracts, known as "right-to-list home sale agreements." The bill specifies that these agreements cannot be longer than 5 years and must include an option for the owner to terminate the contract early in exchange for a limited fee. The bill also amends existing law to allow the New Jersey Real Estate Commission to take disciplinary action against a real estate broker who enters into a right-to-list home sale agreement that violates the new requirements.
Committee Categories
Business and Industry
Sponsors (6)
Annette Chaparro (D)*,
Aura Dunn (R)*,
Paul Moriarty (D)*,
Thomas Giblin (D),
Angela Mcknight (D),
Pedro Mejia (D),
Last Action
Senate Commerce Hearing (13:00:00 5/15/2023 Committee Room 6, 1st Floor, State House Annex, Trenton, New Jer) (on 05/15/2023)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2022/A4962 |
| BillText | https://pub.njleg.gov/Bills/2022/A5000/4962_R1.HTM |
| Analysis - Statement ARP 2/13/23 | https://pub.njleg.gov/Bills/2022/A5000/4962_S2.PDF |
| Analysis - Statement ACO 1/12/23 | https://pub.njleg.gov/Bills/2022/A5000/4962_S1.PDF |
| BillText | https://pub.njleg.gov/Bills/2022/A5000/4962_I1.HTM |
| Bill | https://pub.njleg.gov/Bills/2022/A5000/4962_I1.PDF |
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