What is the penalty for failing to provide a required disclosure in New Jersey?

The penalty for failing to provide a required disclosure in New Jersey is disciplinary action by the Real Estate Commission. In New Jersey, the Real Estate Commission oversees the licensing and regulation of real estate professionals to ensure compliance with state laws and regulations. If a real estate agent or broker fails to provide necessary disclosures, which are crucial for transparency and protecting the rights of buyers and sellers, the Commission can impose disciplinary actions. This can include fines, mandatory education, or even suspension or revocation of the real estate license.

The other options do not accurately reflect the specific consequences outlined in New Jersey law regarding disclosure violations. While legal action from the buyer could occur as a result of the failure to disclose, it is not a direct penalty imposed by regulatory authorities like the Real Estate Commission. Similarly, fines imposed by the county do not exist as a standard repercussion for disclosure failures, and license suspension for a specific duration may be a possibility, but is not the primary or definitive penalty for failing to provide required disclosures.