New Jersey A2797 prohibits sellers of real estate from transferring realty transfer fee liability to buyers.

New Jersey A2797 explicitly prohibits sellers of real estate from transferring the liability for the payment of the realty transfer fee to buyers. This bill reaffirms the existing law that the liability for payment of the realty transfer fee rests exclusively with the seller. If a seller violates this prohibition, a buyer can bring a private legal action against the seller. The court can then order the seller to refund the amount of the realty transfer fee paid by the buyer plus an additional $1,000 and the buyer's reasonable legal expenses.

New Jersey A2797 prohibits sellers of real estate from transferring realty transfer fee liability to buyers.

New Jersey A2797 explicitly prohibits sellers of real estate from transferring the liability for the payment of the realty transfer fee to buyers. This bill reaffirms the existing law that the liability for payment of the realty transfer fee rests exclusively with the seller. If a seller violates this prohibition, a buyer can bring a private legal action against the seller. The court can then order the seller to refund the amount of the realty transfer fee paid by the buyer plus an additional $1,000 and the buyer's reasonable legal expenses.