New Jersey S3537 establishes requirements for short-term resellers of single-family homes, including escrow funds and property condition disclosures.

New Jersey S3537 sets forth specific requirements for individuals or entities purchasing and reselling a single-family home within one year of receiving a certificate of occupancy. The bill defines a "short-term reseller" as someone who buys, renovates, repairs, or alters a home and then resells it within a year. It mandates that these resellers complete a property condition disclosure statement to inform buyers about the home's condition.

New Jersey S3537 establishes requirements for short-term resellers of single-family homes, including escrow funds and property condition disclosures.

New Jersey S3537 sets forth specific requirements for individuals or entities purchasing and reselling a single-family home within one year of receiving a certificate of occupancy. The bill defines a "short-term reseller" as someone who buys, renovates, repairs, or alters a home and then resells it within a year. It mandates that these resellers complete a property condition disclosure statement to inform buyers about the home's condition.