Nj association of realtors dual agency landlord form 2025

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The document is a consent form from the New Jersey Association of REALTORS® that allows a Brokerage Firm to act as a Disclosed Dual Agent for both the Landlord and Tenant in a real estate transaction. It outlines the implications of dual agency, including potential conflicts of interest, limited fiduciary duties, and confidentiality restrictions. The Landlord acknowledges understanding these terms and consents to the dual agency arrangement.

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Send new jersey realtors form 125 9 20 via email, link, or fax. You can also download it, export it or print it out.

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What is NJ Realtors Form 118?

The New Jersey 118 form is a legally binding real estate sales contract used exclusively in the sale of one to four-family residential properties or vacant one-family lots in New Jersey.

Is a buyer agency agreement required in NJ?

In New Jersey, the elements of a valid contract are: An offer (see Offer). An acceptance (see Acceptance). Consideration (see Consideration). Mutual assent and intent to be bound (see Mutual Assent and Intent to be Bound).

Can I sell my house without a Realtor in NJ?

The complete offer to purchase package is sent via email to the listing agent along with a summary in the body of the email. The summary should include the following key points: Purchase price, % Down payment, Proposed closing date, Contingencies****, and any special requests.

What is required to form a valid purchase contract in New Jersey?

Using a Realtor to sell a home in New Jersey is not a requirement, but going it alone takes a lot of time and work. The for sale by owner approach eliminates having to pay a commission fee to a listing agent. But you may still be required to pay your buyers agent.

Is dual agency illegal in New Jersey?

How Can One Realtor Represent the Buyer and Seller? Every state is different, and while some do not allow for a dual agency, it is legal in New Jersey. The main thing to keep in mind is that a real estate agent has a fiduciary responsibility to their client and should act with the clients best interest in mind.

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