New Jersey Agency Model Quick Reference

📋 The 1-minute cheat sheet

• A Consumer Information Statement (CIS) explaining agency options must be provided.
• The CIS is given at first contact / first substantive discussion about a property.
• Recognized roles: seller's agent, buyer's agent, disclosed dual agent, and transaction broker.
• Disclosed dual agency requires the informed written consent of both parties.
• A licensee must disclose whom they represent before sharing confidential information.
• Client agents owe statutory duties of loyalty, confidentiality, and disclosure.
• A salesperson always acts on behalf of the supervising broker in a transaction.