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Current as of January 01, 2024 | Updated by Findlaw Staff
Unless otherwise agreed to in writing, a principal may not be charged with knowledge or notice of any facts known by a brokerage firm representing or working with the principal that are not actually known by the principal. A brokerage firm representing or working with the principal may not be charged with knowledge or notice of any facts known by the principal that are not actually known by the brokerage firm; provided a real estate broker, real estate broker-salesperson, or real estate salesperson acting on behalf of the brokerage firm made reasonable efforts to ascertain all material information concerning the physical condition, including, but not limited to, making inquiries to the seller about any physical conditions that may affect the property and performing a visual inspection of the property to determine if there are any readily observable physical conditions affecting the property.
Cite this article: FindLaw.com - New Jersey Statutes Title 45. Professions and Occupations 45 § 15-16.98 - last updated January 01, 2024 | https://codes.findlaw.com/nj/title-45-professions-and-occupations/nj-st-sect-45-15-16-98/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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