SENATE COMMERCE COMMITTEE
STATEMENT TO
SENATE, No. 1474
with committee amendments
STATE OF NEW JERSEY
DATED: OCTOBER 28, 1996
The Senate Commerce Committee reports favorably and with committee amendments Senate Bill No. 1474.
This bill, as amended by the committee, provides that a real estate salesperson, broker-salesperson or broker is exempt from liability under the consumer fraud law for any communication by him of any false, misleading or deceptive information provided to him by or on behalf of the seller of the real estate located in this State, unless he actually knows, after making a reasonable inquiry, that the representation is false, misleading or deceptive. This exemption does not affect any other obligations imposed upon real estate salespersons, broker-salespersons and brokers under other laws or regulations.