Requires licensure of community management entity that contracts to conduct management services for planned real estate development association.
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Progress
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- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Overview
This bill requires that community management entities, which provide services to planned real estate developments, obtain a license from the New Jersey Department of Community Affairs. The commissioner will establish requirements and prerequisites for obtaining this license, and penalties will be imposed for failing to comply. This legislation aims to ensure a certain level of professionalism and accountability within community management services.
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