N.J.S.A. 45:15-16.98 — Principal not to be charged, knowledge, notice of facts known by brokerage firm, not actually known by principal.

45:15-16.98 Principal not to be charged, knowledge, notice of facts known by brokerage firm, not actually known by principal. 13. Unless otherwise agreed to in writing, a principal may not be charged with knowledge or notice of any facts known by a brokerage firm representing or working with the principal that are not actually known by the principal. A brokerage firm representing or working with the principal may not be charged with knowledge or notice of any facts known by the principal that are not actually known by the brokerage firm; provided a real estate broker, real estate broker-salesperson, or real estate salesperson acting on behalf of the brokerage firm made reasonable efforts to ascertain all material information concerning the physical condition, including, but not limited to, making inquiries to the seller about any physical conditions that may affect the property and performing a visual inspection of the property to determine if there are any readily observable physical conditions affecting the property. L.2024, c.32, s.13.

This is the verbatim text of N.J.S.A. 45:15-16.98, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.