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Rhonda Burnett, the lead plaintiff, testified about her experience with a real estate agent from HomeServices of America subsidiary ReeceNichols. According to Burnett, the agent gave her a contract to sign with a commission rate of 6% already filled in, and she was told that the rate was non-negotiable. [12]
The New Jersey Division of Civil Rights has reached a settlement in four alleged housing discrimination cases against a local real estate agency. Announced today by New Jersey Attorney General ...
Changes may soon be on the horizon for real estate commission rates after a Kansas City jury determined – in a $1.8 billion judgement in October – that commissions had been inflated and that ...
New Jersey’s Affidavit of Merit Statute (NJ Rev Stat § 2A:53A-27 (2013)) was signed into law in 1995. The statute states that if a person sues for injury, death, or property damage because of a professional's mistake or carelessness, they must provide a special letter from an expert within 60 days after the other side responds to their ...
A real estate company owned by Warren Buffett’s Berkshire Hathaway has agreed to pay $250 million to settle lawsuits nationwide claiming that longstanding practices by real estate brokerages ...
New Jersey Real Estate Commission Bureau of Subdivided Land Sales Control; Office of Public Affairs; Department of Children and Families. Division of Family and ...
The New Jersey Department of Banking and Insurance (DOBI) is one of 15 principal departments in New Jersey government. The department's mission is to regulate the banking, insurance and real estate industries in a professional and timely manner that protects and educates consumers and promotes the growth, financial stability and efficiency of these industries. [1]
Among New Jersey's 564 municipalities, the borough is the most common form of local government, though the majority of state residents actually reside in townships. In 2023 there were 253 boroughs in New Jersey. [2] However, boroughs were not always so common. In 1875 only 17 boroughs had been created, all by special acts of the legislature.