2012 New Jersey Real Estate Brokerage Law
- ID: 2131766
- January 2012
- Region: United States
- 500 Pages
- ALM Media, LLC
For attorneys who defend or file lawsuits against real estate licensees:
- All substantive laws governing the rights and obligations of real estate licensees
- Procedures and ethics provisions in Real Estate Commission proceedings
- Licensing regulations, including setting up offices and branches
For attorneys who handle real estate transactions:
- What real estate licensees should and should not do
- What to do with commission disputes during a transaction
New Jersey Real Estate Brokerage Law covers all of the essential areas that attorneys and real estate licensees must understand in order to navigate the explosive minefield of real estate brokerage law. The book covers everything they need to know concerning procedural issues, such as licensing and education requirements, regulations for maintaining offices, and the relationship between brokers and salespersons. It also lays out in a comprehensive fashion all of the disclosures that real estate licensees are required to make, the requirements of the Real Estate Commission concerning contracts of sale and leases that real estate licensees prepare, and the advertising rules that govern real estate licensees. Two separate chapters deal with the activities a real estate licensee is prohibited from engaging in, and the discipline that can face a real estate licensee for violating the Real Estate License Act or any of the Real Estate Commission's regulations that implement the Act. The book also covers the limitations on a real estate licensee's activities so that they will not constitute the unauthorized practice of law, including the attorney-review clause. Other topics covered include trade associations, multiple listing services, arbitration and the Code of Ethics governing NJAR® members. Although this book primarily focuses on New Jersey law, there are several Federal laws that real estate licensees must follow. Therefore, separate chapters deal with the Real Estate Settlement Procedures Act, the Fair Housing Act and lead-based paint disclosure requirements. SHOW LESS READ MORE >
1. LICENSE REQUIRED TO PROVIDE REAL ESTATE BROKERAGE SERVICES
2. THE RELATIONSHIP BETWEEN BROKERS AND SALESPERSONS.
4. DISCLOSURES TO CONSUMERS.
5. THE UNAUTHORIZED PRACTICE OF LAW. -
6. ATTORNEY-REVIEW CLAUSE.
7. LISTING AGREEMENTS.
8. BROKER'S RECOVERY OF COMMISSIONS AND OTHER COMPENSATION.
9. BASES FOR BROKER LIABILITY.
10. THE NEW JERSEY REAL ESTATE COMMISSION.
11. EDUCATION AND LICENSING REQUIREMENTS FOR BROKERS, SALESPERSONS AND REFERRAL AGENTS.
12. REAL ESTATE SCHOOLS.
13. MAINTAINING BROKERAGE OFFICES.
14. BROKERS TRUST ACCOUNTS AND RECORDKEEPING.
15. TRADE ASSOCIATIONS AND MULTIPLE LISTING SERVICES.
16. REAL ESTATE COMMISSION ADVERTISING RULES.
17. REAL ESTATE COMMISSION REGULATIONS AND OTHER REQUIREMENTS REGARDING CONTRACTS OF SALE AND LEASES.
19. DISCIPLINE OF REAL ESTATE LICENSEES.
20. DISCLOSURE OF OFF-SITE CONDITIONS.
22. THE FAIR HOUSING ACT.
23. LEAD-BASED PAINT DISCLOSURES.
Barry S. Goodman
Barry S. Goodman is a partner in the litigation department and chair of the Real Estate Brokerage Practice Group at Greenbaum, Rowe, Smith & Davis LLP in Woodbridge. Mr. Goodman concentrates his practice in real estate and real estate brokerage issues, as well as antitrust suits, corporate shareholders' and partnership disputes, and municipal law. He is also a member of the Community Association and Construction Law Practice Groups at the firm, and serves as General Counsel to the New Jersey Association of REALTORS®. He is a frequent lecturer and author on real estate brokerage issues. He received his B.A. cum laude from Rutgers College and his Juris Doctor from Rutgers University School of Law in Newark.