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 99

Posted on May 28, 2013

REAL ESTATE COMMISSION 11:5-7.2 New Rule, R.2012 d.006, effective January 3, 2012. See: 43 N.J.R. 1791(a), 44 N.J.R. 86(b). SUBCHAP IER 7. PROHIBITED ACTIVITIES 11:5-7.1 Prohibition against licensees receiving dual compensation for dual representation in the sale or rental transaction (a) Real estate licensees are prohibited from receiving compensation from both a seller and a [...]

REGULATIONS FOR THE NEW JERSEY REAL ESTATE COMMISSION Page 98

Posted on May 28, 2013

11:5-6.10 INSURANCE As the holder of a New Jersey real estate license, I am required by law to inform you how I will operate in this transaction, should you pursue it, and to provide this statement to you. My employer is the owner of the property(s) in which you have expressed an interest. For the [...]

REGULATIONS FOR THE NEW JERSEY REAL ESTATE COMMISSION Page 100

Posted on May 28, 2013

11:5-7.3 INSURANCE Development will be considered to be in compliance with this subsection. (b) Any compensation paid by a real estate broker to a referral agent shall be limited to compensation for referring prospective consumers of real estate brokerage services to the broker. Real estate brokers are prohibited from offering incentives to the referral agents, [...]

REGULATIONS FOR THE NEW JERSEY REAL ESTATE COMMISSION Page 102

Posted on May 28, 2013

11:5-9.1 INSURANCE SUBCHAPTER 9. RULES INTERPRETING AND IMPLEMENTING THE REAL ESTATE SALES FULL DISCLOSURE ACT, N. J. S.A. 45:15-16.27 ET SEQ. 11:5-9.1 Applicability and scope (a) The rules in this subchapter are promulgated by the New Jersey Real Estate Commission (hereinafter, the Commission) to implement the provisions of the Real Estate Sales Full Disclosure Act [...]

REGULATIONS FOR THE NEW JERSEY REAL ESTATE COMMISSION Page 101

Posted on May 28, 2013

REAL ESTATE COMMISSION 11:5-8.2 suggested or stabilized. Nothing in this section shall prohibit any intra-office communications with regard to the establishment of commissions or division of commissions. (b) No licensee shall directly or indirectly recommend or suggest to any other licensee(s) that such person(s) adhere to any schedule or recommendation of another concerning the rates, [...]

REGULATIONS FOR THE NEW JERSEY REAL ESTATE COMMISSION Page 105

Posted on May 28, 2013

REAL ESTATE COMMISSION 11:5-9.4 the Real Estate Brokers and Salesmen Act, and that he is not aware of any information that would lead him to believe that the information in the registration application does not provide full and fair disclosure of the offering; 2. One copy of the proposed New Jersey Public Offering Statement; 3. [...]

REGULATIONS FOR THE NEW JERSEY REAL ESTATE COMMISSION Page 106

Posted on May 28, 2013

11:5-9.4 INSURANCE 9. Copies of the deed or other instruments establishing title in the developer or other record owner and any escrow agreement required pursuant to (a)3 above, and a current title search, title report, title insurance policy, title opinion from an independent attorney, or certificate or binder issued by a licensed title insurance company. [...]

REGULATIONS FOR THE NEW JERSEY REAL ESTATE COMMISSION Page 109

Posted on May 28, 2013

REAL ESTATE COMMISSION 11:5-9.7 11:5-9.6 Representation of applicants and registrants by New Jersey real estate brokers (a) The applicant shall designate a currently licensed New Jersey real estate broker as its original broker of record with the initial application for registration, and such broker and any substituted or supplemental brokers must comply with the New [...]

REGULATIONS FOR THE NEW JERSEY REAL ESTATE COMMISSION Page 108

Posted on May 28, 2013

11:5-9.5 INSURANCE community facilities, together with a statement as to the effect of each upon the purchaser; 8. A statement of the relationship, if any, between the applicant and any management or servicing agent or firm; 9. A statement explaining any restrictions on occupancy, on the right of alienation and on the right of alteration [...]