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
In Committee
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)

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