L.O. ID: ______________ L.A. ID: _______________ S.O. ID: ______________ S.A. ID: _______________
Revised: January 2017
CONTRACT FOR SALE OF REAL ESTATE
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THIS IS A LEGALLY BINDING CONTRACT THAT WILL BECOME FINAL WITHIN THREE BUSINESS DAYS. DURING THIS PERIOD YOU MAY CHOOSE TO CONSULT AN ATTORNEY WHO CAN REVIEW AND CANCEL THE CONTRACT. SEE PARAGRAPH ON ATTORNEY REVIEW FOR DETAILS. Date: ____________________________ 1. BETWEEN BUYER: _______________________________________________________________________________________________
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Mailing address ___________________________________________________________________________________________________________
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2. AND SELLER: ____________________________________________________________________________________________________
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Mailing address __________________________________________________________________________________________________________
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The words “BUYER” and “SELLER” include all BUYERS and SELLERS listed above.
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3. AGREEMENT: SELLER agrees to sell to the BUYER and the BUYER agrees to buy from the SELLER the land and buildings which are called
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“the property” in this agreement.
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4. THE PROPERTY is described as follows: Lot __________________________________ Block ____________________________________
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on the Tax Map of__________________________________________ of___________________________________________ County, New Jersey.
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Street Address: __________________________________________________________________________________________________________
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Approximate size of lot _____________________________ or as accurate survey may show.
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$ ______________
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5. THE TOTAL PURCHASE PRICE IS: 6. MANNER OF PAYMENT: A. Moneys paid at this time for which this is a receipt.
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Additional moneys to be paid on or before the date of ________________________.
$ ______________
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BUYER and SELLER authorize the selling Broker to receive and retain all deposit moneys which shall be held in escrow
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in the non-interest bearing trust account of ______________________________ and paid to the Seller upon closing
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pursuant to the terms of this contract. The deposit moneys shall not be paid over to the SELLER or to the BUYER prior
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to closing of title, unless agreed in writing by both the BUYER and the SELLER. In the event the BUYER and SELLER
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cannot agree on the disbursement of these escrow moneys, the escrowee may place the deposit moneys in Court.
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B. If SELLER is to take back a mortgage, or Buyer is to assume existing mortgage, see addendum. C. If SELLER is to hold a mortgage, the attorney for the SELLER shall prepare a mortgage and note
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at the expense of the BUYER. Terms shall be: Interest rate __________%: Term _________ in equal monthly payments.
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D. If this Agreement is conditional upon the ability of the BUYER to obtain a mortgage loan,
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then the BUYER agrees to make immediate written application for a loan in the amount of:
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on what is commonly known as a:_______________________ mortgage loan payable for ______ years with interest
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at _______ %, or at the interest rate available and for the term of years offered by the lending institution granting the
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loan. The BUYER also agrees to cooperate and supply all documents required by the lending institution in a timely fashion.
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Either party may terminate this agreement by written notice to the other party, if (a), the mortgage loan has not been
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arranged by the issuance of a mortgage commitment or if this condition has not been eliminated from this agreement by the
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BUYER by _____________; (b), the mortgage loan has been specifically denied in writing by the lending institution and
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presented to the SELLER or SELLER’S appointed representative; then the deposit shall be returned to the BUYER. In the event
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the mortgage contingency is met or waived and closing of title takes place, then said deposit shall be paid to the SELLER.
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E. Additional considerations:
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$ ______________
$ ______________ $ ______________
$ ______________
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Points: The SELLER agrees to pay up to ______ % of the mortgage amount to a lending institution as a finance charge.
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Closing Costs: The SELLER agrees to credit the BUYER up to __________ at the time of closing, toward BUYER’S closing costs.
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Concession: The Seller agrees to a ____________________________________________________________ concession.
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F. The balance of the purchase price
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will be paid at closing of title by cash, bank check, certified check or attorney’s trust account check at
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which time SELLER will deliver a Bargain and Sale Deed free of all title defects except as stated in
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this agreement. This Deed shall contain a proper legal description of the property, together with the usual affidavit of title. The closing shall take place on or before _____________________________.
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TOTAL PURCHASE PRICE:
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____________________
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$ ______________
$ _______________ ____________________
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7. TITLE: The SELLER represents that the buildings on the property are located within the lot boundary lines; that there are no encroachments
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or easements, or survey or other defects not mentioned in this agreement that would result in a bad title. Good title is defined for the purposes of
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this agreement as that which can be insured by any of the title companies licensed by the State of New Jersey, at normal and usual rates and with-
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out exception other than those that are standard in all policies and those mentioned in this Agreement. Utility easements and restrictions of record
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shall be accepted by the Buyer without objection provided the use described in Paragraph 16 is not prevented.
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8. ATTORNEY REVIEW:
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8.1 Study by Attorney. The BUYER or the SELLER may choose to have an attorney study this contract. If an attorney is consulted, the
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attorney must complete his or her review of the contract within a three-day period. This contract will be legally binding at the end of this three-day
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period unless an attorney for the BUYER or the SELLER reviews and disapproves of the contract.
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8.2 Counting the Time. You count the three days from the date of delivery of the signed contract to the BUYER and the SELLER.
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You do not count Saturdays, Sundays or legal holidays. The BUYER and the SELLER may agree in writing to extend the three-day period for
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attorney review.
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8.3 Notice of Disapproval. If an attorney for the BUYER or the SELLER reviews and disapproves of this contract, the attorney must
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notify the Broker(s) and the other party named in this contract within the three-day period. Otherwise this contract will be legally binding as
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written. The attorney must send the notice of disapproval to the Broker(s) by certified mail, by telegram, or by delivering it personally.
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The telegram or certified letter will be effective upon sending. The personal delivery will be effective upon delivery to the Broker’s
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office. The attorney may also, but need not, inform the Broker(s) of any suggested revisions in the contract that would make it satisfactory.
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9. SELECTION OF SERVICE PROVIDERS: If BROKER(S) give BUYER or SELLER referrals to professional persons, service or product
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providers or vendors of any type, including but not limited to lending institutions, mortgage bankers, mortgage brokers, attorneys, title insurers,
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inspectors, structural engineers, pest control companies, contractors and home warranty companies, (“Providers”), the referrals are given based
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upon the following:
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1.) BUYER and SELLER are free to select providers other than those referred or recommended by the BROKER(S).
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2.) BROKER(S) does not guarantee the performance of any provider.
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(a) Qualifications of Inspectors: Where the term “qualified inspectors” is used in this Contract, it is intended to refer to persons who are
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licensed by the State of New Jersey for such purpose or who are regularly engaged in the business of inspecting residential properties for a
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fee and who generally maintain good reputations for skill and integrity in their area of expertise.
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10. INSPECTION CONTINGENCY CLAUSE:
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The BROKER(S) and Salesperson(s) who are involved in this transaction are trained as licensees under the License Law of the State of New Jersey,
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they readily acknowledge that they have had no special training or experience with respect to the complexities pertaining to the multitude of
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structural, topographical and environmental components of the Property. For example, and not by way of limitation, the BROKER(S) and
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Salesperson(s) have no special training, knowledge or experience with regard to discovering and/or evaluating physical defects including structural
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defects, roof, basement, mechanical equipment such as heating, air conditioning, electrical systems, sewage, plumbing, exterior drainage, termite
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and other types of insect infestation or damage caused by such infestation. Moreover, the BROKER(S) and Salesperson(s) similarly have no special
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training, knowledge or experience with regard to evaluation of possible environmental conditions which might affect the Property pertaining to the
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dwelling such as the existence of radon gas, formaldehyde gas, airborne asbestos fibers, toxic chemicals, underground storage tanks, lead, mold or
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other pollutants in the soil, air or water. Except for RADON TESTING and LEAD-BASED PAINT HAZARD TESTING, the following periods of time shall
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be provided: 10 calendar days for completion of inspection, 7 calendar days for Notice.
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the BUYER as to the value of the land and whatever buildings are upon the property, and not on any representation made by the SELLER, the
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named BROKER(S) or their agents as to character or quality. Therefore, the BUYER, at the BUYER’S sole cost and expense, is granted the right to
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have the dwelling and all other aspects of the Property, inspected and evaluated by “qualified inspectors” for the purpose of determining the
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existence of any physical defects or environmental conditions such as outlined above. If Buyer chooses to make the inspections referred to in this
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paragraph, such inspections must be completed within 10 calendar days after the end of the Attorney Review Period set forth in Paragraph 8 of this
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Agreement and those portions of the written reports that BUYER wishes to address must be furnished to the SELLER listed in Paragraph 2 and
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BROKER(S) listed in Paragraph 23 of this Agreement within 7 calendar days. If BUYER shall fail to furnish such written information to the SELLER
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and BROKER(S) within the time period specified in this paragraph, this contingency clause shall be deemed waived by BUYER, and the Property
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shall be deemed acceptable by BUYER. The time period for furnishing the inspection reports is referred to as the “Inspection Time Period”.
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(a) BUYER’S Right to Inspections The BUYER acknowledges that the Property is being sold in “AS IS” condition and that this Agreement is entered into based upon the knowledge of
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(b) Responsibilities to Cure
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If any physical defects, or environmental conditions (other than radon) are reported by the inspectors to the SELLER within the Inspection Time
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Period, the SELLER shall have seven (7) calendar days after the receipt of such reports to notify the BUYER in writing that the SELLER shall correct
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or cure any defects set forth in such reports. If SELLER shall fail to notify BUYER of SELLER’S agreement to so cure and correct, such failure to so
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notify shall be deemed to be a refusal by SELLER to cure or correct such defects. If SELLER shall fail to agree to cure or correct such defects within
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said seven (7) calendar day period, or if any part of the dwelling is found to be located within a flood hazard area, or if the environmental condition
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at the property (other than radon) is incurable and is of such significance as to unreasonably endanger the health of the BUYER, the BUYER shall
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then have the right to void this Contract by notifying the SELLER in writing within seven (7) calendar days thereafter. If BUYER shall fail to void this
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Contract within the seven (7) calendar day period, the BUYER shall have waived his right to cancel this Contract and this Contract shall remain in
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full force, and SELLER shall be under no obligation to correct or cure any of the defects set forth in the inspections. If SELLER shall agree to correct
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or cure such defects, all such repair work shall be completed by SELLER prior to the closing of title. Radon at the Property shall be governed by the
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provisions of Paragraph (d).
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(c) Lead-Based Paint Document Acknowledgement: (Applies to dwellings built before 1978)
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BUYER acknowledges receipt of the EPA pamphlet entitled “Protect Your Family From Lead In Your Home”. A copy of a document entitled
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“Disclosure of Information and Acknowledgement Lead-Based Paint and Lead-Based paint Hazards” has been fully completed and signed by
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BUYER, SELLER and BROKER(S) and is appended to the Agreement as Addendum “A” and is part of this Agreement.
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Lead-Based Paint and/or Lead-Based Paint Hazard Contingency Clause:
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(This paragraph is applicable to all dwellings built prior to 1978. The law requires that unless the BUYER and SELLER agree to a longer or shorter
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period, SELLER must allow BUYER a ten-day (10) period within which to complete an inspection and/or risk assessment of the Property. BUYER,
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however, has the right to waive this clause in its entirety).
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This Agreement is contingent upon an inspection and/or risk assessment (the “Inspection”) of the property by a certified inspector/risk assessor for
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the presence of lead-based paint and/or lead-based paint hazards. The Inspection shall be ordered and obtained by the BUYER at the BUYER’S
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expense, within ten (10) calendar days after the completion of the Attorney Review period set forth in Paragraph 8 of this Agreement (the
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“Compliance Date”). If the inspection indicates that no lead-based paint or lead-based paint hazard is present at the Property, this contingency
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clause shall be deemed to be null and void. If the Inspection indicates that lead-based paint or lead-based paint hazard is present at the property,
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this contingency clause will terminate at the time set forth above unless within five (5) calendar days from the Completion Date, the BUYER
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delivers a copy of the inspection and/or risk assessment report to the SELLER and BROKER(S) and (a) advises SELELR and BROKER(S), in writing,
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that BUYER is voiding the Agreement; or (b) delivers to SELLER and BROKER(S) a written amendment (the “Amendment”) to this Agreement
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LISTING THE SPECIFIC EXISTING DEFICIENCIES AND CORRECTIONS REQUIRED BY THE buyer. The Amendment shall provide that the SELLER
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agrees to (a) correct the deficiencies; and (b) furnish the BUYER with a certification from a certified inspector/risk assessor that the deficiencies
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have been corrected, before the date of Closing. The SELLER shall have 7 calendar days after receipt of the Amendment to sign and return it to
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BUYER or send a written counter-proposal to BUYER. If SELLER does not sign and return the Amendment or fails to offer a counter-proposal, this
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Agreement shall be null and void. In the event SELLER offers a counter-proposal, BUYER shall have 5 calendar days after receipt of the counter-
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proposal to accept it. If the BUYER fails to accept the counter-proposal within the time limit provided, this Agreement shall be null and void.
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(d) Radon Testing, Reports and Mitigation
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(Radon is a radioactive gas which results form the natural breakdown of uranium in soil, rock and water. It has been found in homes all over the
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United States and is a carcinogen. For more information on radon go to www.gov./zq/radon/pubs/hmbyguid.html or
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www.state.nj.us.dep/rpp/radon/index.htm or call the NJ Radon Hot Line at 1-800-648-0394 or 1-609-984-5425).
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If the Property has been tested for radon prior to the date of this Agreement, SELLER agrees to provide to the BUYER, at the time of the execution
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of this Agreement, a copy of the result of the radon tests) and evidence of any subsequent radon mitigation or treatment of the Property. In any
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event, BUYER shall have the right to conduct a radon inspection/test as provided and subject to the conditions set forth in paragraph (a) above.
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If any test results furnished or obtained by BUYER indicate a concentration level of 4 picocuries per liter (4.0/Ci/L) or more in the subject dwelling,
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BUYER shall then have the right to void this Agreement by notifying the SELLER in writing within seven (7) calendar days of the receipt of any such
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report. For the purpose of this Paragraph 10 (d) SELLER and BUYER agree that in the event a radon gas concentration level in the subject dwelling
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is determined to be less than 4 picocuries per liter (4.0 /Ci/L) without any remediation, such level of radon gas concentration shall be deemed to be
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an acceptable level (“Acceptable Level”) for the purposes of this Agreement. Under those circumstances, the SELLER shall be under no obligation
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to remediate, and this contingency clause as it relates to radon shall be deemed fully satisfied.
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If the BUYER’S qualified inspector reports that the radon gas concentration level in the subject dwelling is four picocuries per liter (4.0 /Ci/L) or
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more, SELLER shall have a seven (7) calendar day period after such report to notify BUYER in writing that the SELLER agrees to remediate the gas
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concentration to an Acceptable Level (unless the BUYER has voided this Agreement as provided in the preceding paragraph). Upon such remedia-
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tion, the contingency in this Agreement which relates to radon shall be deemed fully satisfied. If SELLER fails to notify BUYER of SELLER’S agree-
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ment to so remediate, such failure to so notify shall be deemed to be a refusal by SELLER to remediate the radon level to an Acceptable level, and
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BUYER shall then have the right to void this Agreement by notifying the SELLER in writing within seven (7) calendar days thereafter. If BUYER shall
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fail to void this Contract within the seven (7) calendar day period, the BUYER shall have waived his right to cancel this Contract, and this Contract
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shall remain in full force and effect, and SELLER shall by under no obligation to remediate the radon gas concentration. If SELLER shall agree to
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remediate the radon to an Acceptable Level, such remediation and associated testing shall be completed by SELLER prior to the closing of title.
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(e) Termite Inspection: BUYER shall have the right to have an inspection by a qualified expert to determine the presence of termites
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or other wood destroying insects and/or damage from them. Inspection is to be performed within ten (10) calendar days after end of Attorney
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Review period and is to be paid by the BUYER. If there is any evidence of termites or wood destroying insects, or damage from them, then the
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SELLER, at their own cost and expense, shall correct and repair it.
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(f) Flood Hazard Area
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The Federal and State Governments have designated certain areas as “flood areas”. This means they are more likely to have floods than other
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areas. If this property is in a “flood area”, the Buyer may cancel this contract within seven (7) calendar days of the signing of the contract by all
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parties. Thereafter, the Buyer waives the right to cancel the contract for such reason.
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11. PRIVATE WELL TESTING: INITIALS:
Seller__________ Seller__________ Buyer__________ Buyer__________
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(This section is applicable if the property's potable water supply is provided by a private well located on the property (or the potable water supply
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is a well that has less than l5 service connections or does not regularly serve an average of at least 25 individuals at least 60 days a year).
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(a) Pursuant to the Private Well Testing Act ( N.J.S.A. 58 12A-26 to 37) and regulations (N.J.A.C. 7:9E-3.1 to 5,1), if this Contract is for
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the sale of real property whose potable water supply is provided from a private well and the analytical results of prior water tests no longer are
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valid, a test on the water supply must be performed by a laboratory certified by NJDEP. Seller agrees to procure the test, at Seller's sole cost and
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expense and to provide a copy of the test results to Buyer within seven (7) calendar days after receiving the report(s). Seller shall order the new
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test or, if applicable, provide Buyer with the valid prior water test within seven (7) calendar days after the end of the Attorney Review period set
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forth in Section 24 of this Agreement. The test shall cover the parameters set forth in the Act and regulations. As required in the Act, prior to
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closing of title, Seller and Buyer shall each certify in writing that they have received and read a copy of the water results.
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If any of the water tests do not meet applicable standards at the time Seller provides the water test results to the Buyer, Seller shall notify Buyer,
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in writing that Seller agrees to cure or correct said conditions in the water test results. If Seller shall fail to notify Buyer or Seller's agreement to
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cure or correct, such failure to so notify shall be deemed to be a refusal by Seller to cure or correct. If Seller shall fail to agree to cure or correct
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any of the conditions set forth in the water test results within seven (7) calendar days or if the condition is incurable and is of such significance as
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to unreasonably endanger the health of the Buyer, the Buyer shall then have the right to void the contract by notifying the Seller in writing within
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seven (7) days thereafter. If Buyer shall fail to void this Contract within the seven (7) day period, the Buyer shall have waived his right to cancel
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this Contract and this Contract shall remain in full force, and the Seller shall be under no obligation to correct or cure any of the conditions set
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forth in the water test results. If Seller shall agree to correct or cure such conditions, all such remediation shall be completed by Seller prior to the
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closing of title.
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(b) Point-of-Entry Treatment (POET) Systems
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Pursuant to N.J.A.C. 7: 1J-2.5 (c), the Seller of a property with a POET system that was installed and maintained at the expense of the Spill Fund
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must notify the Department of Environmental Protection within 30 days of executing a binding contract that the property is to be sold.
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12. DISCLOSURE OF LATENT DEFECTS: SELLER specifically acknowledges and understands that if SELLER knows of latent defects
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materially affecting the value of the property, which are defects not readily observable, then SELLER is under a duty to disclose said latent defects
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to BUYER. SELLER represents that if SELLER knows of said latent defects, they are set forth in writing under additional contract provisions below
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or have been separately disclosed by SELLER, in a SELLER disclosure statement, and acknowledged in writing by BUYER. SELLER and BUYER
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agree to indemnify and hold harmless BROKER(S) from damages resulting from the inaccuracy of this information. The covenants in this paragraph
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shall survive the closing.
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13. POSSESSION: SELLER will give possession of the property to BUYER at closing, unless otherwise specified. BUYER has the right to
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inspect the property at any reasonable time immediately prior to closing of title. Property shall be vacant at the time of closing of title unless
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otherwise agreed.
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14. TENANTS, IF ANY: This sale is made subject to the following tenancies. The SELLER warrants that these tenancies are not in violation
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of existing municipal, county, state or federal rules, regulations or laws.
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_________________________________________________________________________________________________________________ NAME
LOCATION
RENT
SECURITY DEPOSIT
TERM
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15. ZONING: SELLER represents that to the best of his knowledge this property does not violate the local Zoning or Building Codes. If a
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Certificate of Occupancy is required by the local municipality or the Lending Institution, the SELLER will obtain it, doing whatever is required by the
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municipality in order to get it. The Certificate of Smoke Detector and Carbon Monoxide Compliance (CSDCMAC) as required by law, shall be the
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responsibility of the SELLER. SELLER shall also provide a fire extinguisher as required by law.
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16. ASSESSMENTS FOR MUNICIPAL IMPROVEMENTS: All assessments for public improvements, completed or under
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construction at date of this agreement are to be paid in full, or allowed by the SELLER at the time of closing title.
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17. ADJUSTMENTS AT CLOSING: SELLER will pay or allow the NJ. Realty Transfer Fee. Any existing mortgages or liens against the
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property will be paid off from the net proceeds at the closing. Rents, water charges, sewer charges, taxes, interest on any mortgage to be assumed
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and fuel, if any, are to be pro-rated to date of passing title.
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18. PERSONAL PROPERTY AND FIXTURES: Gas and electric fixtures, cooking ranges and ovens, built-in dishwashers, hot water
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heaters, permanently installed floor coverings, screens, storm windows and storm doors, shades, blinds, awnings, radiator covers, heating and air-
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conditioning apparatus, radio and television aerial equipment, if any, except where owned by tenants, are included in this sale; these are to be in
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working order at time of closing. The following items are included in “AS IS” condition:
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__________________________________________________________________________________________________________
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__________________________________________________________________________________________________________
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__________________________________________________________________________________________________________
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__________________________________________________________________________________________________________
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The following items are specifically EXCLUDED:
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__________________________________________________________________________________________________________
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__________________________________________________________________________________________________________
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__________________________________________________________________________________________________________
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__________________________________________________________________________________________________________
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19. MAINTENANCE AND CONDITION OF PROPERTY: SELLER agrees to maintain the grounds, buildings and improvements, in
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good condition, subject to ordinary wear and tear. The premises shall be in “broom clean” condition and free of debris on the date of Closing.
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SELLER represents that all electrical, plumbing, heating and air conditioning systems (if applicable), together with all fixtures included within the
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terms of this Agreement now work and shall be in proper working order at the time of closing.
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20. RISK OF LOSS: The risk of loss or damage to the property, except ordinary wear and tear, is the SELLER’S responsibility until closing. 21. FINAL INSPECTION: SELLER agrees to permit BUYER or BUYER’S duly authorized representative to examine the interior and exterior
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of the premises at any reasonable time immediately before closing.
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22. NO RELIANCE ON OTHERS: This agreement is entered into based upon the knowledge of the parties as to the value of the land
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and whatever buildings are upon the property and not on any representation made by the SELLER, the name BROKER(S) or their agents as to
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character or quality. THIS MEANS THAT THE PROPERTY IS BEING SOLD “AS IS”, EXCEPT AS OTHERWISE MENTIONED IN THIS AGREEMENT. 23. BUYER FINANCIALLY ABLE TO CLOSE: BUYER represents that he has sufficient cash available (together with the mortgage or
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mortgages referred to in Paragraph 6) to complete this purchase. BUYER believes he is qualified for the mortgage loan described in Paragraph 6.
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24. BROKER COMPENSATION: The SELLER does authorize and direct the closing attorney to pay, at the time of closing of title, the
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named Broker(s) for services in procuring this sale, commission shall be paid as follows:
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to Selling Broker: _______________________________________________________________________, ____________ - ________ to Listing Broker: __________________________________________________ , as per listing agreement ____________ + ________
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The SELLER agrees and acknowledges that the dollar amount of the said commission shall be a lien (a legal claim) on the purchase money proceeds
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derived from the sale of the subject property. The commission bill, duly receipted by the Broker(s) or his agent, or the closing attorney’s check in
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payment of such commission, shall be deemed a release and discharge of the lien created by this paragraph.
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25. NO ASSIGNMENT: The BUYER cannot assign this Agreement (transfer it to another party) without the SELLER’S written consent. 26. NOTICES: All notices as required in this Contract must be in writing. All notices shall be by certified mail, facsimile transmission, or
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personal delivery. Facsimile transmission or certified letter will be effective upon sending. Personal delivery will be effective upon delivery to the
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other party. EACH PARTY MUST ACCEPT THE CERTIFIED MAIL, FACSIMILE TRANSMISSION, OR PERSONAL DELIVERY SENT BY THE OTHER
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PARTY. Notices to BUYERS and/or SELLERS shall be addressed (delivered) to the addresses that appear in Paragraphs 1 and 2 of this Contract.
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Notices to the Broker(s) shall be addressed to the addresses that appear at the end of this Contract.
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27. BINDING AGREEMENT: This Agreement binds the BUYER and SELLER and also their heirs and personal representatives in the case of
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death. It also is the entire and only Agreement between the parties and neither has made any promise or guaranty not contained in this
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Agreement. It is also understood that willful refusal by either party to perform the promises and representations made by them in this Agreement
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will subject such party to damages and will not defeat the Broker’s right to commissions earned.
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28. NOTICE ON OFF-SITE CONDITIONS: Pursuant to the New Jersey Residential Construction Off-site Conditions Disclosure Act,
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P. L. 1995, c. 253 the clerks of municipalities in New Jersey maintain lists of off-site conditions which may affect the value of residential properties
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in the vicinity of the off-site condition. BUYER may examine the lists and are encouraged to independently investigate the area surrounding this
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property in order to become familiar with any off-site conditions which may affect the value of the property. In cases where a property is located
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near the border of a municipality, BUYER may wish to also examine the list maintained by the neighboring municipality.
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Municipality _____________________________________________ Phone _______________________________
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Address ______________________________________________________________________________________
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29. MEGAN’S LAW STATEMENT - Under New Jersey law, the county prosecutor determines whether and how to provide notice of
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the presence of convicted sex offenders in an area. In their professional capacity, real estate licensees are not entitled to notification by the county
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prosecutor under Megan’s Law and are unable to obtain such information for you. Upon closing, the county prosecutor may be contacted for such
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further information as may be disclosable to you.
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MEGAN’S LAW REGISTRY: Buyer is notified that New Jersey law establishes an Internet Registry of Sex Offenders that may be accessed at
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www.njsp.org.
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30. IDENTITY THEFT: Buyer and Seller represent and warrant that each of them shall comply with all applicable New Jersey Identity Theft
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Prevention Laws, including but not limited to those contained in P.L.2005, c.226 and related provisions as well as all applicable privacy and
280
information security laws involved in the exchange of information between the parties and any third party involved in this real estate transaction.
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31. CONSUMER INFORMATION STATEMENT ACKNOWLEDGEMENT: By signing below the Sellers and Buyers
282
acknowledge they received the Consumer Information Statement on New Jersey Real Estate Relationships from the brokerage firms involved in this
283
transaction prior to the first showing of the property.
284
32. DECLARATION OF LICENSEE BUSINESS RELATIONSHIP(S): A . ______________________________________ and _____________________________________________
285 286
(Name of Firm)
(Name of Licensee)
287
as authorized representative(s), are working in this transaction as (indicate one of the following):
288
___ Seller’s Agents ___ Buyer’s Agents ___ Disclosed Dual Agents ___ Transaction Brokers
289 290 291
B.
Information supplied by__________________________________________________ (name of other firm) has indicated that it is
operating in this transaction as a (indicate one of the following:) ___ Seller’s Agents ___ Buyer’s Agents ___ Disclosed Dual Agents ___ Transaction Brokers
292 293 294 295
____________________
___________________
____________________
____________________
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297
33. RESPA –TILA RULES – CONTINGENCIES: If there is a conflict between the provisions of the below and the prior paragraphs,
298
the provisions of the below shall control.
299
A.
300 301
change of terms as required by the U.S. Consumer Financial Protection Bureau (CFPB). B.
302 303 304 305
The closing date may be delayed for three (3) business days if the lender does not provide documents as required based upon the In the event of the occurrence set forth in (A) above, in the sale of Buyer’s property, this closing shall also be delayed for a similar period of time.
C.
All parties including all Real Estate Brokers in this transaction, shall be provided copies of all Closing Disclosure Documents.
D.
REC License ID numbers of the Real Estate Brokers and Agents are set forth below.
34. ADDITIONAL CONTRACTUAL PROVISIONS, (IF ANY):
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______________________________________________________________________________________________________________________
307
______________________________________________________________________________________________________________________
308 309
35. ADDENDA: [___] Opinion 26
[___] Lead Disclosure
[___] Certification Concerning Private Well Testing Reports
310 311
Other: [___] ___________________________________________________________________________________________________________ Other: [___] ___________________________________________________________________________________________________________
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36. REQUIRED DISCLOSURE: [__] BUYER AND/OR [__] SELLER is a New Jersey Real Estate Licensee.
313 314
Witness:
_____________________________________________________________
315
BUYER
Date
316 ________________________________
___________________________________________________________________________________
317
BUYER
Date
318 319
____________________________________________________________________________________
320
SELLER
321 ________________________________ 322 323 324 325 326 327 328
Date
____________________________________________________________________________________ SELLER
Date
__________________________________________________________________ Selling Firm Name
_________________________________________ Selling Employer Ref # (Firm)
__________________________________________________________________ Selling Firm Address
_________________________________________ Selling Firm Phone/Fax #
329 330 __________________________________________________________________ 331 Selling Agent Name
_________________________________________ Selling Agent REC Ref License ID#
332 333 __________________________________________________________________ 334 Selling Agent E-mail
_________________________________________ Selling Agent Cell Phone #
335 336 __________________________________________________________________ 337 Listing Firm Name 338 339 340 __________________________________________________________________ 341 Listing Firm Address 342 343 344 345 346 347 348
_________________________________________ Listing Employer Ref # (Firm) _________________________________________ Listing Firm Phone/Fax #
__________________________________________________________________ Listing Agent Name
_________________________________________ Listing Agent REC Ref License ID#
__________________________________________________________________ Listing Agent E-mail
_________________________________________ Listing Agent Cell Phone #
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