Agency Relationships and Disclosure – Understanding NJ requirements

Continuing Education Credit:
3 NJREC CORE CE CREDITS (C20169903)

This course satisfies the New Jersey Consumer Protection Enhancement Act requirement for one agency CE credit, to be completed by the end of the current CE term (2023-2025).

Real estate professionals can establish different types of real estate relationships with consumers, which are then associated with different level of service. The passage of the 2024 Real Estate Consumer Protection Enhancement Act is providing some new options (Designated Agency) and requirements (Written service agreements, Seller Disclosure Obligation for example)
The course will review the NJ business relationships, discuss the concept of designated agency, address the need for written service agreements, understand the difference between relationship and compensation. Fiduciary obligations will also be detailed, including the limitations of dual agency representation.

The course has been updated to include the relevant NJ Legislative changes effective Aug 1, 2024 (more specifically: definition of designated agency, the need for written service agreements, requirement for a seller property condition disclosure form.)

Attendance:
This class will be held in a hybrid setting.
In-person attendance at MJAR-Branchburg Office, 3461 US Highway 22 East, Building B, Branchburg, NJ 08876.
Virtual attendees will receive a Zoom link via emailed prior to the class. Login 5 minutes in advance of the start of class. Please ensure your Zoom display name matches your real name so we can identify you.

Member Cost: $15 / Non-Member Cost: $25
Instructor: Isabelle Perkins

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