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Senate Commerce Committee Statement to Senate Committee Substitute for Senate, No. 3578 (February 16, 2023)

Summary

Senate Commerce Committee statement to Senate Committee Substitute for Senate, No. 3578, State of New Jersey, dated February 16, 2023. The committee reports favorably the substitute for Senate Bill No. 3578. It requires anyone who is not a licensee of the New Jersey Real Estate Commission and who uses text messaging to solicit a home owner about the sale of a home to first send a separate text message stating that the individual is not a licensee, naming the employer, and saying that the text is a solicitation. An individual would incur a penalty of not more than $5,000 for a first violation. The Division of Consumer Affairs is to develop a public education program and marketing campaign.

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“Senate Commerce Committee Statement to Senate Committee Substitute for Senate, No. 3578 (February 16, 2023).” Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/2023-02-16-scm-s3578-s1-80c220e36d/, SHA-256 5ead3db28b3d29ef77baa3e10fd39d3b348880b63ddef4139a74cfd77a101234.

Full text

     SENATE COMMERCE COMMITTEE

                    STATEMENT TO

 SENATE COMMITTEE SUBSTITUTE FOR
                  SENATE, No. 3578

 STATE OF NEW JERSEY
                  DATED: FEBRUARY 16, 2023

    The Senate Commerce Committee reports favorably the Senate
Committee Substitute for Senate Bill No. 3578.
   This Senate Committee Substitute requires anyone who is not a
licensee of the New Jersey Real Estate Commission (commission)
who uses text messaging to solicit a home owner regarding the sale
of a home to send, prior to a solicitation, a separate text message to
the home owner that states the individual is not a licensee of the
commission, the name of the employer with whom the individual is
employed, and the text is a solicitation. An individual will incur a
penalty of not more than $5,000 for a first violation of the bill, and
of not more than $10,000 for any subsequent violation of the bill.
   The Division of Consumer Affairs in the Department of Law and
Public Safety (division) is to develop and undertake a public
education program and marketing campaign designed to inform
licensees of the commission and home owners of the provisions of
the bill. If the division deems it necessary, the public education
program and marketing campaign shall include information
concerning issues and fraudulent activity related to text message real
estate solicitations by individuals not licensed by the commission, and
the assistance available to understand if a real estate broker, broker-
salesperson, or salesperson, or purported real estate broker, broker-
salesperson, or salesperson, is licensed by the commission. The public
education program and marketing campaign may include a notice of
the provisions posted clearly and conspicuously on the Internet
website of the division and commission and any other action taken by
the division or commission to raise public awareness.

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