A 4454 New Jersey General Assembly · 2024-2025 Regular Session

"Real Estate Consumer Protection Enhancement Act."

This bill establishes clearer definitions and duties for different types of real estate agents in New Jersey, including buyer's agents, seller's agents, dual agents, designated agents, and transaction brokers. It requires real estate professionals to provide written disclosures about their agency relationship before or at the time of signing a brokerage agreement, and mandates specific signage at open houses to inform prospective buyers about the agent's representation. The bill also requires real estate licensees to complete at least one hour of agency-related continuing education during each biennial license renewal period. These provisions directly affect homebuyers, sellers, and real estate professionals in New Jersey by enhancing transparency and consumer protections in real estate transactions.
Bill status in committee 1 of 4 stages cleared
Introduction
Jun 2024
Committee Review
Floor Vote
Governor
Introduced Jun 3, 2024 Last action Jun 28, 2024
Floor votes

How they voted

No floor votes recorded yet.
Full legislative history

Actions timeline

Total actions
6
Key actions
2
Committee
4
Jun 26, 2024
Lower · Passed
Reported out of Assembly Committee with Amendments, 2nd Reading
lower
Jun 26, 2024
Committee
Recommitted to Assembly Budget Committee
lower
Jun 13, 2024
Lower · Passed
Reported out of Assembly Committee, 2nd Reading
lower
Jun 13, 2024
Committee
Transferred to Assembly Financial Institutions and Insurance Committee
lower
Jun 3, 2024
Introduced
Introduced in the Assembly, Referred to Assembly Consumer Affairs Committee
lower
3 primary · 7 co-sponsors

Sponsors