About New Jersey Real Estate Laws

104 34

    Who Can Sell Real Estate in New Jersey?

    • Anyone who wants to sell real estate in New Jersey must be at least 18 years old and have a high school diploma. All applicants need to take a 75-hour course as well as pass both the course exam and state exam. Once both exams are passed, all potential agents must find a real estate broker to sponsor their license to make it official.

    The Mount Laurel Decision

    • The Mount Laurel Decision refers to a 1970s court case that resulted in laws being put into place that order all New Jersey municipalities to offer affordable housing within their boundaries.

    Being a Landlord

    • New Jersey has many laws to ensure that both tenants and landlords are treated in a fair manner. These mandatory renting rules include regulations such as landlords not being able to hold more than a month and a half's rent for security, and tenants being able to sue landlords if they do not return security deposits within 30 days or less of their due dates.

    Revealing Real Estate Agents

    • A real estate agent may sell his own home in New Jersey, but he must be upfront and honest with all potential buyers and inform them that he is a licensed agent.

    Real Estate Lawyers

    • Many New Jersey residents choose to use a lawyer to help them with the closing of their real estate transactions. Real estate lawyers can help you to review offers, examine titles, prepare documents and more.

Source...
Subscribe to our newsletter
Sign up here to get the latest news, updates and special offers delivered directly to your inbox.
You can unsubscribe at any time

Leave A Reply

Your email address will not be published.