New Jersey Required Disclosures & Escrow/Trust Timeframes

New Jersey · State License Law — free cheat sheet for the real estate licensing exam.

🏛️ State License Law 📍 New Jersey

📋 The 1-minute cheat sheet

Attorney-review period on standard NJ contracts: 3 business days.
Consumer Information Statement (CIS): required agency-relationship disclosure.
Client deposit and escrow funds are held in the broker's trust account.
Commingling client funds with brokerage operating funds is prohibited.
Known material property defects should be disclosed to buyers.
New Jersey is NOT a community-property state.
Regulator for disclosure and escrow rules: NJ Real Estate Commission (REC), within DOBI.

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Questions students ask

Is New Jersey Required Disclosures & Escrow/Trust Timeframes on the real estate exam?

Yes. State License Law is a scored domain on the New Jersey real estate licensing exam, and this topic appears in the state license-law portion.

Is this cheat sheet free?

Yes — every page on Cinna RE's resource library is free to read, print and share. The app adds practice questions, mock exams and a readiness score.

Does New Jersey test this differently?

New Jersey applies its own license law on top of the national portion. This page covers the New Jersey rules specifically, which is what the state section of your exam tests.

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