The Oldendorp Group Realtors of Compass NJ. View all homes for sale in Madison, Summit and Chatham NJ

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The Oldendorp Group Of Compass NJ





The Oldendorp Group

The Oldendorp Group, an award-winning family-run real estate business, is dedicated to delivering exceptional service and trustworthy values. Their mission is to unite families and communities, fostering lasting client relationships. Catering to buyers, sellers, renters, builders, and developers at every price point, they provide elite attention, communication, and teamwork.

The Oldendorp Group - Susan and Zander

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Important Update: New NJ Real Estate Law Effective August 1st, 2024

On July 10th, Governor Murphy signed into law Bill S3192/A4454, the Real Estate Consumer Protection Enhancement Act. This new law, effective August 1st, introduces several key changes that will impact all real estate transactions in New Jersey.

Key Changes to Be Aware Of:

Mandatory Buyer Representation Agreements

From August 1st, it is required to have a Buyer Representation Agreement in place. This document outlines the responsibilities of your agent, details on how their compensation will be paid, and allows them to legally advocate for you throughout the transaction.

Seller's Property Condition Disclosure

Sellers must now provide a completed and signed Seller's Property Condition Disclosure form. This ensures transparency and provides buyers with essential information about the property.

Designated Agency

The new law permits Designated Agency, allowing the managing Broker to choose an agent within the listing office to represent the buyer. This change aims to enhance the representation and services provided to both buyers and sellers.

Disclosure of Representation at Open Houses

Listing Agents are now required to post a disclosure of representation at Open Houses, clearly stating whom they represent. This ensures clarity and helps buyers understand the representation dynamics during the home-buying process.

For any questions or further information, please contact us directly using the form below or call/text 973-845-8362.

We're here to support you through these changes and ensure a successful and stress-free real estate transaction.

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