From the Star Ledger (NJ.com) by way of Northern New Jersey Real Estate Bubble:
A real estate agent who misrepresents the section of town where a house is located can be sued for consumer fraud, a state appeals court ruled today in New Jersey.
In reinstating the lawsuit, Appellate Division Judge Susan L. Reisner began by quoting the real estate profession’s well-known mantra: “Location, location, location.”
“It is not unusual in this state for buyers to pay astonomical prices for houses in areas considered to have particular cachet,” Reisner wrote. “Given the importance of location in the purchasing decision, buyers are entitled to expect that the Realtors who are assisting them in their housing search will know where the houses are actually located.”