Bill
Bill > A1524
NJ A1524
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
06/03/2024
06/03/2024
Crossed Over
Passed
Dead
Introduced Session
2024-2025 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 prior to soliciting them to sell their homes. The text message must state that the individual is not a licensed real estate professional, provide the name of their employer, and indicate that the message is a solicitation. Violators of this requirement may face penalties up to $5,000 for the first violation and $10,000 for subsequent violations. The bill also directs the Division of Consumer Affairs to develop a public education program to inform licensed real estate professionals and homeowners about these new requirements and address any related issues or fraudulent activity.
Committee Categories
Budget and Finance, Business and Industry
Sponsors (2)
Last Action
Reported as an Assembly Committee Substitute and Referred to Assembly Appropriations Committee (on 06/03/2024)
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/A1524 |
| Fiscal Note - Fiscal Estimate 6/18/24; ACS | https://pub.njleg.gov/Bills/2024/A2000/1524_E1.PDF |
| BillText | https://pub.njleg.gov/Bills/2024/A2000/1524_U1.HTM |
| Analysis - Statement ARP 6/3/24 ACS | https://pub.njleg.gov/Bills/2024/A2000/1524_S1.PDF |
| BillText | https://pub.njleg.gov/Bills/2024/A2000/1524_I1.HTM |
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