Bill
Bill > S1366
NJ S1366
Requires text messages soliciting home owners to provide notice when individuals sending solicitations are not licensed by New Jersey Real Estate Commission.
summary
Introduced
01/09/2024
01/09/2024
In Committee
01/09/2024
01/09/2024
Crossed Over
Passed
Dead
Introduced Session
2024-2025 Regular Session
Bill Summary
This bill requires anyone who is not a licensee of the New Jersey Real Estate Commission (commission) who uses text messaging to solicit a home owner regarding the sale of a home to send, prior to a solicitation, a separate text message to the home owner that states the individual is not a licensee of the commission, the name of the employer with whom the individual is employed, and the text is a solicitation. An individual will incur a penalty of not more than $5,000 for a first violation of the bill, and of not more than $10,000 for any subsequent violation of the bill. The Division of Consumer Affairs in the Department of Law and Public Safety (division) is to develop and undertake a public education program and marketing campaign designed to inform licensees of the commission and home owners of the provisions of the bill. If the division deems it necessary, the public education program and marketing campaign shall include information concerning issues and fraudulent activity related to text message real estate solicitations by individuals not licensed by the commission, and the assistance available to understand if a real estate broker, broker-salesperson, or salesperson, or purported real estate broker, broker-salesperson, or salesperson, is licensed by the commission. The public education program and marketing campaign may include a notice of the provisions posted clearly and conspicuously on the Internet website of the division and commission and any other action taken by the division or commission to raise public awareness.
AI Summary
This bill requires individuals who are not licensed by the New Jersey Real Estate Commission (commission) to send a separate text message to homeowners before soliciting them regarding the sale of their home. The message must state that the individual is not a commission licensee, the name of their employer, and that the text is a solicitation. Violators can face penalties of up to $5,000 for the first violation and $10,000 for subsequent violations. The Division of Consumer Affairs in the Department of Law and Public Safety is also required to develop and implement a public education program and marketing campaign to inform both commission licensees and homeowners about the bill's provisions, as well as any issues or fraudulent activity related to unlicensed real estate solicitations via text message.
Committee Categories
Business and Industry
Sponsors (2)
Last Action
Introduced in the Senate, Referred to Senate Commerce Committee (on 01/09/2024)
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/2024/S1366 |
| BillText | https://pub.njleg.gov/Bills/2024/S1500/1366_I1.HTM |
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