Draft
Consumer Information Statement
New Jersey requires real estate licensees to provide the Consumer Information Statement, which explains the ways a brokerage may work with buyers, sellers, landlords, and tenants.
What it explains
The statement describes the types of brokerage relationships available in New Jersey, including seller's agent, buyer's agent, disclosed dual agent, and transaction broker, and how designated agency works if one brokerage is involved on both sides of a transaction.
Informed consent
Dual or designated agency requires your informed consent in writing. Please ask Mary about anything in the statement that is unclear.
The official statement
Mary will give you the current official Consumer Information Statement, approved by the New Jersey Real Estate Commission, and ask you to sign an acknowledgment that you received it.