What must out-of-state real estate marketed in New Jersey through a common promotional plan do?

The requirement for out-of-state real estate marketed in New Jersey through a common promotional plan to be registered with the New Jersey Real Estate Commission is based on state regulations designed to protect consumers and ensure transparency in real estate transactions. By mandating registration, the commission can monitor and oversee the marketing practices of out-of-state properties, ensuring compliance with local laws and standards. This registration is intended to provide buyers with important information about the properties being advertised and ensure that the marketing practices adhered to are in line with New Jersey's regulations.

This registration process helps maintain a level of accountability and due diligence from those marketing real estate, contributing to a structured and reliable marketplace for consumers. This requirement is crucial for safeguarding the interests of real estate buyers, as it helps to prevent fraud and misinformation regarding out-of-state properties being promoted in New Jersey.