Bill
Bill > S3571
NJ S3571
Creates requirements for certain long-term real estate listing contracts.
summary
Introduced
02/09/2023
02/09/2023
In Committee
02/09/2023
02/09/2023
Crossed Over
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." These agreements cannot be longer than 10 years, and must include an option for the owner to terminate the contract early in exchange for a specified amount. The bill also amends the existing law to allow the real estate commission to take disciplinary action against a licensee who enters into a right-to-list home sale agreement that violates these new requirements.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Senate Commerce Hearing (11:00:00 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/S3571 |
| BillText | https://pub.njleg.gov/Bills/2022/S4000/3571_I1.HTM |
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