Bill
Bill > S3578
NJ S3578
Requires text messages soliciting home owners to provide notice when individuals sending solicitations are not licensed by New Jersey Real Estate Commission.
summary
Introduced
02/09/2023
02/09/2023
In Committee
03/20/2023
03/20/2023
Crossed Over
03/20/2023
03/20/2023
Passed
Dead
01/08/2024
01/08/2024
Introduced Session
2022-2023 Regular Session
Bill Summary
Requires text messages soliciting home owners to provide notice when individuals sending solicitations are not licensed by New Jersey Real Estate Commission.
AI Summary
This bill requires individuals who are not licensed by the New Jersey Real Estate Commission to send a separate text message to homeowners before soliciting them to sell their home. The text message must state that the individual is not a licensed real estate agent, provide the name of their employer, and indicate that the text is a solicitation. Violators can face penalties of up to $5,000 for the first offense and $10,000 for subsequent offenses. The bill also requires the Division of Consumer Affairs to develop a public education program to inform licensed agents and homeowners about these new requirements and protections against fraudulent real estate text message solicitations.
Committee Categories
Budget and Finance, Business and Industry
Sponsors (2)
Last Action
Received in the Assembly, Referred to Assembly Regulated Professions Committee (on 03/20/2023)
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/S3578 |
| Fiscal Note - Fiscal Estimate 3/8/23; SCS | https://pub.njleg.gov/Bills/2022/S4000/3578_E1.PDF |
| Analysis - Statement SBA 3/6/23 SCS | https://pub.njleg.gov/Bills/2022/S4000/3578_S2.PDF |
| BillText | https://pub.njleg.gov/Bills/2022/S4000/3578_U1.HTM |
| Analysis - Statement SCM 2/16/23 SCS | https://pub.njleg.gov/Bills/2022/S4000/3578_S1.PDF |
| BillText | https://pub.njleg.gov/Bills/2022/S4000/3578_I1.HTM |
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