Includes certain canvassing and solicitation activities as violation of consumer fraud act.
Impact
The intended impact of A489 is grounded in the existing legal framework that governs consumer fraud. By making it unlawful for unlicensed individuals to canvass or solicit real estate owners, the bill reinforces the requirement for professionalism and accountability within the real estate sector. The bill stipulates that penalties for violations could reach up to $20,000 for repeat offenders, alongside the potential for cease and desist orders and punitive damages. This could lead to a more controlled environment for real estate transactions, ideally protecting consumers from deceptive practices.
Summary
Assembly Bill A489 seeks to address the issue of canvassing and solicitation activities related to real estate transactions by including them as violations under the state's consumer fraud act (P.L.1960, c.39). The bill specifies that individuals engaged in canvassing or soliciting real estate owners must be licensed real estate professionals, such as brokers, broker-salespersons, or referral agents. This legislative move is poised to enhance consumer protection by ensuring that only qualified individuals can engage in such practices, thereby aiming to reduce fraud and misleading information in the real estate market.
Contention
Notably, the bill makes it clear that its provisions do not supersede or preempt local ordinances that may impose stricter regulations on canvassing and solicitation. This aspect brings potential contention as local governments may wish to maintain or enhance their regulatory powers. Moreover, stakeholders in the real estate market, particularly those who operate without licenses, may resist the constraints imposed by A489, arguing it restricts their ability to conduct business freely. Overall, while the bill aims to safeguard consumers, it also raises questions about the balance between regulation and the rights of businesses to operate.
Updates notice requirements for actions alleging consumer fraud violations and adds indirect purchasers as parties who can receive damages for antitrust violations.
Updates notice requirements for actions alleging consumer fraud violations and adds indirect purchasers as parties who can receive damages for antitrust violations.
Requires text messages soliciting home owners to provide notice when individuals sending solicitations are not licensed by New Jersey Real Estate Commission.
Consumer protection: solicitations; provisions relating to the regulation of home solicitations and telephone solicitations; remove telephone solicitations. Amends title & secs. 1 & 3 of 1971 PA 227 (MCL 445.111 & 445.113) & repeals secs. 1a - 1e of 1971 PA 227 (MCL 445.111a - 445.111e).
Consumer protection: solicitations; provisions relating to the regulation of home solicitations and telephone solicitations; remove telephone solicitations. Amends title & secs. 1 & 3 of 1971 PA 227 (MCL 445.111 & 445.113) & repeals secs. 1a - 1e of 1971 PA 227 (MCL 445.111a - 445.111e). TIE BAR WITH: SB 0351'25