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When selling a house, New Jersey courts say that you are implying that it is fit to live in or habitable, under the "implied warranty of habitability." This is the case whether you say your house is habitable or not. In other words, you can't sell it "as is" and thus escape this requirement.
How Many Realtors Are in the USA? There are 1,564,537 Realtors in the United States as of October, 2021, a record high, and an estimated 2,000,000 or more licensed real estate agents. Florida has more Realtors than any other US State, with 212,772 Realtors compared to California's 212,279.
Comprised of 14 local boards, New Jersey Realtors® has more than 63,000 members who are involved in all aspects of the residential and commercial real estate industries.
About the New Jersey Real Estate Commission The Commission consists of five members who have been licensed as New Jersey real estate brokers for at least ten years, two public members, and one representative of an appropriate governmental department.
Open Listing: A contractual agreement under which the listing broker acts as the agent or as the legally recognized non-agency representative of the seller(s), and the seller(s) agrees to pay a commission to the listing broker only if the property is sold through the efforts of the listing broker. (
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Some firms allow open listings to be accepted but not advertised, although the agents are allowed to engage clients they already have as potential buyers. The limited potential for commissions incentives agents to focus on exclusive contracts.
Real estate commissions can be negotiated, but they typically run about 5 percent to 6 percent of a home's sale price. The exact terms of an agent's commission vary from sale to sale, and can depend on region and which firm they work for.
You can put anything you want as a contingency clause, and it's up to the seller to accept the contract or not. If any of the contingencies in your contract aren't met, you can back out of buying a house after signing a contract with no repercussions.
Thank you for visiting The Greater Los Angeles REALTORS® ("GLAR") Website. The term REALTOR® is a professional trade association designation and symbolizes the distinction between the average real estate licensee and a member of organized real estate.
Despite what you may have heard, the NJ Real Estate Exam is more intimidating than difficult\u2013in fact, it has a pass rate of approximately 70%, which means only 3 out of 10 people who take it will fail. On the first try, it still has a pass rate of roughly 60%.

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