New Jersey law requires that real estate licensees inform prospective buyers and sellers about the four types of business relationships prior to the first discussion of financial matters or the motivation for buying or selling real estate. The Consumer Information Statement (CIS), which must be delivered to the buyer or seller at the time of the first meeting, helps explain these relationships.
The four business relationships are:
Disclosed Dual Agent
Please visit New Jersey Association of Realtors website for details: www.njar.com