S 4087 New Jersey Senate · 2024-2025 Regular Session

Provides that sale of real estate by homeowner is subject to consumer fraud act.

This bill (S 4087) extends New Jersey's Consumer Fraud Act to cover sales of real estate by individual homeowners, not just professional sellers. It makes deceptive practices - such as false promises, hiding material facts, or fraud - in connection with a home sale unlawful, whether the homeowner is selling their own property or advertising it. Homeowners who use such practices could face penalties of up to $10,000 for a first offense and $20,000 for repeat offenses, plus potential court-ordered damages. The law applies to all home sales where the seller is a homeowner, directly affecting individuals selling their personal residences.
Bill status in committee 1 of 4 stages cleared
Introduction
Feb 2025
Committee Review
Floor Vote
Governor
Introduced Feb 3, 2025 Last action Feb 3, 2025
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Feb 3, 2025
Introduced
Introduced in the Senate, Referred to Senate Commerce Committee
upper
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Paul Moriarty
Paul Moriarty
DDemocratic
NJ
4