There is a new form for the New Jersey REALTORS® Library of Forms: Form 141, sales contract for empty detached houses. Disclosure s. on the seller`s characteristics. In New Jersey, there are no mandatory disclosure forms for sellers. However, under common law, the New Jersey courts created a standard form for sellers to identify all known information that would influence the buyer`s decision if they knew it – as essential facts. While the seller must inform buyers of known problems with the property, they are not obliged to call in an inspector or look for problems. Seller`s 46:3C-10 – This form is required due to the seller`s responsibility to disclose conditions that may have a significant influence on the value of the property. There is a new endorsement in New Jersey REALTORS® Independent Contractor Agreement, form #134, in terms of teams. This addition is available in our form library as a member advantage if you allow brokerage teams.
It is not a mandatory form. zipForm Plus is now the only online form platform offered by NJ REALTORS offers® and made available free of charge to all members. Form Simplicity will no longer be available as a membership benefit as of December 31, 2015. The New Jersey Residential Real Estate Purchase Contract (“Sales and Sale Contract”) is a written document that describes the terms of a real estate transaction between a buyer and the seller of real estate. Terms include purchase price, property address, closing date and more. The law requires a licensee to provide the owner, at the time of registration of a listing of real estate, with a copy of a summary of the New Jersey Law Against Discrimination N.J.S.A. 10:5-1 and following, commonly known as the Attorney General`s Brief. The purpose of the memorandum is to help homeowners and licensees comply with New Jersey`s anti-discrimination law and federal laws that prohibit discrimination in the sale or rental of real estate. While New Jersey law does not require sellers to disclose information about the property to potential buyers, the State Court imposes the common law requirement that buyers be informed of known property defects. It is therefore in the seller`s interest to disclose relevant defects to the purchaser in order to avoid any prejudicial legal action. (Fordham Environmental Law Review) U.S.
Legal Forms, Inc. provides real estate contracts and forms for all your real estate needs, including sales contracts, deeds, rental forms and others. Many free forms are not valid. We provide you with the correct valid form. Free previews end available. All NJ Real Estate forms are available in Word format. We strive to provide our members with the best programs and services. At the 2015 National Association of Realtors annual meeting ®, NAR management announced an exciting new partnership with zipForm, a company owned by REALTOR ® to offer all 1.1 million NAR members their form platform as a free member benefit.