BrokerageIndustry News

New Jersey OKs buyer rebates

All but 10 states now allow real estate rebates
Published on Jan 21, 2010

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by CareyBot

Real estate brokers in New Jersey will be able to offer rebates to homebuyers with the passage of a law that leaves just 10 states with laws against rebates to consumers on the books.

The New Jersey Association of Realtors remained opposed to the law, but did not actively lobby against it, after it was amended to address several issues of importance to the group, said NJR Executive Vice President Jarrod Grasso.

"The bill that was introduced and what was signed into law, in regards to consumer protections, are dramatically different," Grasso said.

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