New Jersey § 46:3c-2
Full text of New Jersey New Jersey Statutes § 46:3c-2, with citation guidance and answers to common questions.
§ 46:3c-2.
The Legislature finds and declares that the purchase of a residence involves a substantial
portion of the average household's net worth, and the decision to purchase a particular
residence requires consideration of a wide range of factors concerning the area in
which the residential real estate is located; that the professionals who engage in
the business of selling newly-constructed residential real estate can facilitate prudent
decision-making with respect to the purchase of residences by advising purchasers
of the availability of information concerning factors which can reasonably be determined
to exist and which may affect the value of the residence; that the due diligence
responsibilities of purchasers and the disclosure duties of sellers of residential
real estate are mutually interdependent and, therefore, ambiguity in the definition
and assignment of the sellers' disclosure duties may inadvertently diminish the due
diligence efforts of purchasers, or unnecessarily increase the costs of residential
real estate transactions; and that there currently exists ambiguity concerning the
disclosure duties of the sellers of residential real estate. The Legislature therefore determines that it is in the public interest to define the
entirety of the disclosure duties of the sellers of newly-constructed residential
real estate and to create a public repository of relevant off-site conditions which
may be accessed by purchasers of such real estate.
Frequently Asked Questions About New Jersey § 46:3c-2
What does New Jersey Statutes § 46:3c-2 cover?
Section 46:3c-2 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Jersey § 46:3c-2?
A common citation format is "New Jersey Statutes § 46:3c-2" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 46:3c-2 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.