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NJ A3767
Bill
Status
Introduced
1/13/2026
Primary Sponsor
Aura Dunn
Click for details
AI Summary
- Limits "right-to-list home sale agreements" (contracts giving exclusive future listing rights in exchange for upfront payment) to a maximum duration of five years
- Requires these contracts to include an early termination option allowing homeowners to exit by paying no more than the initial contract price plus 6% compounded annually
- Contract terms including duration and early termination provisions must be displayed clearly and conspicuously
- Violating these requirements constitutes grounds for disciplinary action by the Real Estate Commission, including license suspension, revocation, or fines up to $5,000 for first violations and $10,000 for subsequent violations
- Takes effect 30 days after enactment and applies to all contracts delivered, issued, executed, or renewed after the effective date
Legislative Description
Creates requirements for certain long-term real estate listing contracts.
Consumer Affairs
Last Action
Introduced, Referred to Assembly Consumer Affairs Committee
1/13/2026
Committee Referrals
Consumer Affairs1/13/2026
Full Bill Text
No bill text available