Bill Text: NJ A4530 | 2018-2019 | Regular Session | Amended

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Bill Title: Concerns information on property condition disclosure statement.

Spectrum: Slight Partisan Bill (Democrat 4-2)

Status: (Engrossed - Dead) 2019-02-07 - Received in the Senate, Referred to Senate Commerce Committee [A4530 Detail]

Download: New_Jersey-2018-A4530-Amended.html

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[First Reprint]

ASSEMBLY, No. 4530

STATE OF NEW JERSEY

218th LEGISLATURE

 

INTRODUCED OCTOBER 15, 2018

 

 

Sponsored by:

Assemblyman  JOHN ARMATO

District 2 (Atlantic)

Assemblyman  VINCENT MAZZEO

District 2 (Atlantic)

 

Co-Sponsored by:

Assemblywoman Gove, Assemblyman Rumpf and Assemblywoman Murphy

 

 

 

 

SYNOPSIS

     Concerns information on property condition disclosure statement.

 

CURRENT VERSION OF TEXT

     As reported by the Assembly Consumer Affairs Committee on December 3, 2018, with amendments.

  

An Act concerning the disclosure of certain information prior to the sale of real estate and amending P.L.1999, c.76.

 

     Be It Enacted by the Senate and General Assembly of the State of New Jersey:

 

     1.    Notwithstanding any provision of P.L.1960, c.39 (C.56:8-1 et seq.) to the contrary, there shall be no right of recovery of punitive damages, attorney fees, or both, under section 7 of P.L.1971, c.247 (C.56:8-19), against a real estate broker, broker-salesperson¹,¹ or salesperson licensed under R.S.45:15-1 et seq. for the communication of any false, misleading¹,¹ or deceptive information provided to the real estate broker, broker-salesperson¹,¹ or salesperson, by or on behalf of the seller of real estate located in New Jersey, if the real estate broker, broker-salesperson¹,¹ or salesperson demonstrates that he:

     a.     Had no actual knowledge of the false, misleading or deceptive character of the information; and

     b.    Made a reasonable and diligent inquiry to ascertain whether the information is of a false, misleading¹,¹ or deceptive character.  For purposes of this section, communications by a real estate broker, broker-salesperson¹,¹ or salesperson which shall be deemed to satisfy the requirements of a "reasonable and diligent inquiry" include, but shall not be limited to, communications which disclose information:

     (1)   provided in a report or upon a representation by a person, licensed or certified by the State of New Jersey, including, but not limited to, an appraiser, home inspector, plumber or electrical contractor, or an unlicensed home inspector until December 30, 2005, of a particular physical condition pertaining to the real estate derived from inspection of the real estate by that person;

     (2)   provided in a report or upon a representation by any governmental official or employee, if the particular information of a physical condition is likely to be within the knowledge of that governmental official or employee; or

     (3)   that the real estate broker, broker-salesperson¹,¹ or salesperson obtained from the seller in a property condition disclosure statement, which form shall comply with regulations promulgated by the director in consultation with the New Jersey Real Estate Commission, provided that the real estate broker, broker-salesperson¹,¹ or salesperson informed the buyer that the seller is the source of the information and that, prior to making that communication to the buyer, the real estate broker, broker-salesperson¹,¹ or salesperson visually inspected the property with reasonable diligence to ascertain the accuracy of the information disclosed by the seller.  The director shall require that if a property condition disclosure statement contains information indicating the seller's awareness of water leakage, accumulation or dampness, the presence of mold or other similar natural substance, or repairs or other attempts to control any water or dampness problem on the real property, the real estate broker, broker-salesperson¹,¹ or salesperson shall ¹[provide to] refer¹ the buyer ¹[or buyers]¹ of the real property ¹[a copy of] to¹ the "Mold Guidelines for New Jersey Residents" ¹[produced by the New Jersey Department of Health] pamphlet on the Department of Health Internet website¹, or other pamphlet or guidelines deemed appropriate by the director. ¹If requested by the buyer, the real estate broker, broker-salesperson, or salesperson shall provide the buyer with a physical copy of the pamphlet.¹

     Nothing in this section shall be interpreted to affect the obligations of a real estate broker, broker-salesperson¹,¹ or salesperson pursuant to the "New Residential Construction Off-Site Conditions Disclosure Act," P.L.1995, c.253 (C.46:3C-1 et seq.), or any other law or regulation.

(cf: P.L.2004, c.18, s.2)

 

     2.    This act shall take effect on the first day of the third month next following enactment.