Prohibits seller of real estate to transfer realty transfer fee liability to buyer.
New Jersey Assembly Bill A1737 prohibits real estate sellers from requiring buyers to pay the realty transfer fee that state law already mandates sellers pay. The bill directly affects home sellers and buyers in real estate transactions, ensuring sellers cannot shift this financial responsibility through contracts. If a seller violates this rule, buyers can sue for a refund of the fee paid, $1,000 in damages, and their legal costs. The bill reinforces existing law (P.L.1968, c.49) by explicitly banning the transfer of fee liability to buyers, which is currently common in some contracts.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2024
Committee Review
Floor Vote
Governor
Introduced Jan 9, 2024
Last action Jan 9, 2024
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
1
Key actions
0
Committee
0
Jan 9, 2024
Introduced
Introduced in the Assembly, Referred to Assembly Community Development and Women's Affairs Committee
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Brian Rumpf
RRepublican
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