| Item | Value |
|---|---|
| Is an assignment legal here? | yes |
| What the matrix says about it | Assignment of one's own purchase contract is a common-law right and is not itself licensed activity in this state; the constraint is on MARKETING and on DISCLOSURE. |
| Marketing rule the gate enforces | contract_only |
| What that means in practice | 45:15-3 is unusually broad: it reaches anyone who, for a fee or the reasonable expectation of one, 'lists for sale, sells, exchanges, buys or rents, or offers or attempts to negotiate a sale, exchange, purchase or rental of real estate or an interest therein ... or solicits for prospective purchasers or assists or directs in the procuring of prospects or the negotiation or closing of any transaction which does or is contemplated to result in the sale, exchange, leasing, renting or auctioning of any real estate'. It has NO 'for another' limiter on the prospect-procuring clause. F5259 rates New Jersey the highest-risk of the 'ordinary' states. |
| What triggers a licence requirement | Listing for sale, selling, buying, or attempting to negotiate a sale/purchase of 'real estate or an interest therein' for a fee, OR soliciting for prospective purchasers, OR assisting/directing in the procuring of prospects (N.J.S.A. 45:15-3). |
| Written seller disclosure required? | yes |
| Basis for the disclosure | Contract term + state UDAP/consumer-protection statute. |
| Statutory wording required? | no |
| F5259 bucket | GO_WITH_CONDITIONS |
| Condition the gate enforces | Market the contract, not the property, and do not solicit buyers for the SELLER's benefit. Attorney review is genuinely required before any New Jersey deal. |
| Verification status | PRIMARY_STATUTE |
| Attorney review required before first use? | yes |
| Lead class | Verdict |
|---|---|
| land | GO_WITH_DISCLOSURE |
| preforeclosure non owner occupied | NO |
| preforeclosure owner occupied | NO |
| probate | GO_WITH_DISCLOSURE |
| tax delinquent | GO_WITH_DISCLOSURE |
the whole grid · probate in NJ · the disclosure blocks
Not legal advice. We are not a law firm and we do not draft documents for anyone else. A template is a starting point for a transaction you are a principal in; it is not a substitute for a lawyer licensed in the state the property sits in, and in several states the disclosure below has statutory wording that must be copied exactly. Have counsel read it before you sign.
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