REGULATIONS FOR THE NEW JERSEY REAL ESTATE COMMISSION Page 77

Posted on May 28, 2013

REAL ESTATE COMMISSION 11:5-5.4 charges the broker shall accept as the sole source of funds for the payment by the broker of all credit card transaction fees due to the company, and the sole source of funds for all charge-backs which may be assessed against the broker by the company; or 2. The broker shall [...]

REGULATIONS FOR THE NEW JERSEY REAL ESTATE COMMISSION Page 78

Posted on May 28, 2013

11:5-5.4 INSURANCE 11:5-5.1, which shall specifically identify the date, amount and payor of each item deposited, the property to which the monies pertain and the reason for their being held by the broker. Such records shall also specify the date, amount, payee and purpose of each disbursement. All trust or escrow account withdrawals shall be [...]

REGULATIONS FOR THE NEW JERSEY REAL ESTATE COMMISSION Page 79

Posted on May 28, 2013

REAL ESTATE COMMISSION 11:5-6.1 copying by a duly authorized representative of the New Jersey Real Estate Commission. Licensees may be required to certify to the accuracy of the reproduced data. Amended by R.1989 d.425, effective August 21, 1989 (operative November 19, 1989). See: 21 N.J.R 1310(a), 21 N.J.R. 2520(a). Clear specifications added regarding the type [...]

REGULATIONS FOR THE NEW JERSEY REAL ESTATE COMMISSION Page 81

Posted on May 28, 2013

REAL ESTATE COMMISSION 11:5-6.1 is independently owned and operated”, except in the following categories of advertising: i. “For sale” signs located on the premises of specific properties for sale; ii. Small “spot” classified advertising by a licensee in newspapers, magazines or other publications advertising properties. A small spot classified advertisement is defined as an advertisement [...]

REGULATIONS FOR THE NEW JERSEY REAL ESTATE COMMISSION Page 83

Posted on May 28, 2013

REAL ESTATE COMMISSION 11:5-6.2 authorized to engage in real estate brokerage activity beyond that which he or she is permitted under N.J.S.A. 45:15-3 or N.J.A.C. 11:5-6.10. (t) On all advertisements, except business cards, referral agents shall include the following statement in a clear and conspicuous manner: Services limited to referring prospects to broker. As amended, [...]

REGULATIONS FOR THE NEW JERSEY REAL ESTATE COMMISSION Page 82

Posted on May 28, 2013

11:5-6.1 INSURANCE paragraph, a consumer’s attendance at any listing presentation, informational session or other meeting is considered to be an action by the consumer; and iii. In the event that delivery of the offered services or products does not occur at the time that the disclosure is provided to the consumer, the date by which [...]

REGULATIONS FOR THE NEW JERSEY REAL ESTATE COMMISSION Page 80

Posted on May 28, 2013

11:5-6.1 INSURANCE webpage shall display the telephone number and may display the street address of the licensed brokerage office from which the individual or team operates as real estate licensees. That information shall appear in wording as large as the predominant size wording on the webpage. 3. Where a webpage of an individual or team [...]

REGULATIONS FOR THE NEW JERSEY REAL ESTATE COMMISSION Page 84

Posted on May 28, 2013

11:5-6.2 LNSURANCE of any such fully executed instrument. Licensees shall provide their clients with a fully executed copy of any sale or exclusive sale or rental listing contract at the time of execution thereof. 5. Licensee-prepared revisions or additions reflected on the instrument itself shall be initialed by all parties to the transaction. Licensee-prepared revisions [...]

REGULATIONS FOR THE NEW JERSEY REAL ESTATE COMMISSION Page 87

Posted on May 28, 2013

REAL ESTATE COMMISSION 11:5-6.4 real estate other than newly constructed properties shall disclose that information to prospective purchasers of such residential real estate affected by the condition. That disclosure shall be made prior to the signing of the contract by a prospective purchaser. ii. In cases where the licensee did not possess actual knowledge of [...]

REGULATIONS FOR THE NEW JERSEY REAL ESTATE COMMISSION Page 86

Posted on May 28, 2013

11:5-6.4 INSURANCE this obligation of absolute fidelity to the client’s or principal’s interest is primary but does not relieve the licensee from the obligation of dealing fairly with all parties to the transaction. (b) Every licensee shall make reasonable effort to ascertain all material information concerning the physical condition of every property for which he [...]