REGULATIONS FOR THE NEW JERSEY REAL ESTATE COMMISSION Page 85

Posted on May 28, 2013

REAL ESTATE COMMISSION 11:5-6.4 4. All leases prepared by licensees for a term of one year or more for residential dwelling units in transactions in which they have a commission or fee interest shall, at the top of the first page and in print larger than the predominant size print of the writing, contain the [...]

REGULATIONS FOR THE NEW JERSEY REAL ESTATE COMMISSION Page 88

Posted on May 28, 2013

11:5-6.4 INSURANCE other New Jersey licensees utilizing cooperation arrangements which shall protect and promote the interests of the licensee’s client or principal. Collusion and discrimination with respect to commission rates and splits are prohibited as provided in N.J.A.C. 11:5-7.5 and 7.6. 1. The obligation to fully cooperate with all other licensees includes the requirements that [...]

REGULATIONS FOR THE NEW JERSEY REAL ESTATE COMMISSION Page 89

Posted on May 28, 2013

REAL ESTATE COMMISSION 11:5-6.4 of this property to be conducted by the listing broker or his or her duly authorized representatives. THE LISTING BROKER IS HEREBY DIRECTED NOT TO COOPERATE WITH ANY OTHER BROKER. By signing below, the parties hereto confirm that no pressure or undue influence has been exerted upon the owners as to [...]

REGULATIONS FOR THE NEW JERSEY REAL ESTATE COMMISSION Page 97

Posted on May 28, 2013

REAL ESTATE COMMISSION 11:5-6.9 a copy of the Consumer Information Statement to the brokerage agreement and the inclusion of a reference to the receipt of the Consumer Information Statement in the brokerage agreement shall constitute compliance with this section. (j) Licensees shall disclose to consumers what type of brokerage services they will provide in the [...]

REGULATIONS FOR THE NEW JERSEY REAL ESTATE COMMISSION Page 90

Posted on May 28, 2013

11:5-6.5 INSURANCE See: 15 N.J.R. 1343(a), 15 N.J.R. 1865(c). Statutory cite added. Amended by R1988 d.69, effective February 16, 1988 (operative March 1, 1988). See: 19 N.J.R. 1621(a), 20 N.J.R. 402(a). Amended to clearly define full cooperation. Amended by R.1988 d.412, effective September 6, 1988. See: 20 N.J.R. 725(a), 20 N.J.R. 2295(b). Added text to [...]

REGULATIONS FOR THE NEW JERSEY REAL ESTATE COMMISSION Page 91

Posted on May 28, 2013

REAL ESTATE COMMISSION 11:5-6.7 iii. The duration of the rental referral contract; and iv. The prior performance of the licensee or its principals in the rental referral business. (i) Any licensee subject to this section shall maintain for one year the following records: 1. Written consent or written confirmation of oral consent of a lessor [...]

REGULATIONS FOR THE NEW JERSEY REAL ESTATE COMMISSION Page 92

Posted on May 28, 2013

11:5-6.8 INSURANCE required by the Department of Banking and Insurance pursuant to its rules mandating such disclosures. (d) A listing broker who represents only the seller and who offers to provide mortgage financing services to buyers for compensation or reimbursement shall provide written disclosure to the seller by including the following statement in the listing [...]

REGULATIONS FOR THE NEW JERSEY REAL ESTATE COMMISSION Page 93

Posted on May 28, 2013

REAL ESTATE COMMISSION 11:5-6.9 1. Where an office manager has such an individual affiliation, the manager and all licensees working under his or her supervision must provide the disclosure to all buyers referred to the affiliate by that office. 2. Where a referral agent, a salesperson or a broker- salesperson has such an individual affiliation, [...]

REGULATIONS FOR THE NEW JERSEY REAL ESTATE COMMISSION Page 94

Posted on May 28, 2013

11:5-6.9 INSURANCE that they are acting in the transaction either as an agent of the landlord, an agent of the tenant, a disclosed dual agent or a transaction broker; and 3. The securing of brokerage agreements on residential properties, including rental listing agreements on residential properties to be offered for short term rentals. (e) All [...]

REGULATIONS FOR THE NEW JERSEY REAL ESTATE COMMISSION Page 95

Posted on May 28, 2013

REAL ESTATE COMMISSION 11:5-6.9 CONSUMER INFORMATION STATEMENT ON NEW JERSEY REAL ESTATE RELATIONSHIPS In New Jersey, real estate licensees are required to disclose how they intend to work with buyers and sellers in a real estate transaction. (In rental transactions, the terms “buyers” and “sellers” should be read as “tenants” and “landlords,” respectively.) 1. AS [...]