Posts by Barry Caplan

(3) A summary of the terms and conditions of any management contract, lease of recreational areas, or similar contract or agreement affecting the use, maintenance, or access of all or any part of the subdivision or subdivided lands, the effect of each agreement upon a purchaser, and a statement of the relationship, if any, between [...]<p><a class="btn btn-secondary understrap-read-more-link" href="https://caplanschool.com/the-new-jersey-real-estate-license-act-2012-title-45-page-19/">Read More...<span class="screen-reader-text"> from THE NEW JERSEY REAL ESTATE LICENSE ACT Page 19</span></a></p>

45:15-16.41. Powers of commission The commission may: a.Accept registrations filed in this State, in other states or with the federal government; b.Contract with similar agencies in this State or other jurisdictions to perform investigative functions; c.Accept grants in aid from any governmental or other source; d.Cooperate with similar agencies or commissions in this State or [...]<p><a class="btn btn-secondary understrap-read-more-link" href="https://caplanschool.com/the-new-jersey-real-estate-license-act-2012-title-45-page-20/">Read More...<span class="screen-reader-text"> from THE NEW JERSEY REAL ESTATE LICENSE ACT Page 20</span></a></p>

(6)Willfully violated any provision of this act or of a rule or regulation promulgated pursuant to section 23 [C.45:1516.49] of this act; or (7)Made intentional misrepresentation or concealed material facts in the documents and information submitted in the application filed for registration. Findings of fact, if set forth in statutory language, shall be accompanied by [...]<p><a class="btn btn-secondary understrap-read-more-link" href="https://caplanschool.com/the-new-jersey-real-estate-license-act-2012-title-45-page-21/">Read More...<span class="screen-reader-text"> from THE NEW JERSEY REAL ESTATE LICENSE ACT Page 21</span></a></p>

defeat the rights of subdivision purchasers, made an intentionalmisrepresentation or concealed a material fact in an applicationfor registration, or disposed of any subdivision or subdividedlands required to be registered under section 7 [C.45:15-16.33]of this act which are not so registered, the court shall, in addition to any other appropriate legal or equitable remedy, awarddouble the [...]<p><a class="btn btn-secondary understrap-read-more-link" href="https://caplanschool.com/the-new-jersey-real-estate-license-act-2012-title-45-page-22/">Read More...<span class="screen-reader-text"> from THE NEW JERSEY REAL ESTATE LICENSE ACT Page 22</span></a></p>

that is designed and available, pursuant to applicable law, for use and occupancy as a residence by one or more individuals which is a part of the timeshare property. “Advertisement” means any written, oral or electronic communication that is directed to or targeted to persons within the State and contains a promotion, inducement or offer [...]<p><a class="btn btn-secondary understrap-read-more-link" href="https://caplanschool.com/the-new-jersey-real-estate-license-act-2012-title-45-page-23/">Read More...<span class="screen-reader-text"> from THE NEW JERSEY REAL ESTATE LICENSE ACT Page 23</span></a></p>

tion or any other means, to encourage a person to acquire a timeshare interest in a timeshare plan, for gain or profit. “Person” means a natural person, corporation, limited liability company, partnership, joint venture, association, estate, trust, government, governmental subdivision or agency, or other legal entity or any combination thereof. “Promotion” means a plan or [...]<p><a class="btn btn-secondary understrap-read-more-link" href="https://caplanschool.com/the-new-jersey-real-estate-license-act-2012-title-45-page-24/">Read More...<span class="screen-reader-text"> from THE NEW JERSEY REAL ESTATE LICENSE ACT Page 24</span></a></p>

(2)Timeshare plans, whether or not an accommodation or component site is located in this State, the use of which extends over any period of three years or less. For purposes of determining the term of a timeshare plan, the period of any automatic renewal shall be included, unless a purchaser has the right to terminate [...]<p><a class="btn btn-secondary understrap-read-more-link" href="https://caplanschool.com/the-new-jersey-real-estate-license-act-2012-title-45-page-25/">Read More...<span class="screen-reader-text"> from THE NEW JERSEY REAL ESTATE LICENSE ACT Page 25</span></a></p>

accommodations located in the State or which are sold or offered for sale to any individual located in the State. b. Upon the submission of an application approved by the commission, the commission may grant a 90-day preliminary registration to allow the developer to begin offering and selling timeshare interests in a timeshare plan regardless [...]<p><a class="btn btn-secondary understrap-read-more-link" href="https://caplanschool.com/the-new-jersey-real-estate-license-act-2012-title-45-page-26/">Read More...<span class="screen-reader-text"> from THE NEW JERSEY REAL ESTATE LICENSE ACT Page 26</span></a></p>

(23)A statement disclosing any right of first refusal or other restraint on the transfer of all or any portion of a timeshare interest; (24)A statement disclosing that any deposit made in connection with the purchase of a timeshare interest shall be held by an escrow agent until expiration of any right to cancel the contract [...]<p><a class="btn btn-secondary understrap-read-more-link" href="https://caplanschool.com/the-new-jersey-real-estate-license-act-2012-title-45-page-30/">Read More...<span class="screen-reader-text"> from THE NEW JERSEY REAL ESTATE LICENSE ACT Page 30</span></a></p>

of each type of accommodation included in the timeshare plan shall be categorized by the number of bedrooms, the number of bathrooms, and sleeping capacity, and shall include a statement indicating whether the accommodation contains a full kitchen, which means a kitchen that has a minimum of a dishwasher, range, sink, oven, and refrigerator. If [...]<p><a class="btn btn-secondary understrap-read-more-link" href="https://caplanschool.com/the-new-jersey-real-estate-license-act-2012-title-45-page-31/">Read More...<span class="screen-reader-text"> from THE NEW JERSEY REAL ESTATE LICENSE ACT Page 31</span></a></p>