Credit: Vittaya_25/Adobe Stock New State Law Governing Real Estate Deals Protects Consumers
We support the consumer-friendly changes embodied in the new law, which will foster a more transparent market for buyers and create more competition with lower commissions paid by consumers.
August 30, 2024 at 12:50 PM
4 minute read
In July Gov. Phil Murphy signed the Real Estate Consumer Protection Enhancement Act. This law protects consumers participating in residential and commercial real estate transactions.
According to the bill's sponsor, Assemblyman Roy Freiman, D-Somerset/Mercer, the new law is intended to "cultivate trust and integrity in the real estate market, supporting residents throughout the process, and assisting them in achieving their homeownership goals."
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