New Jersey Realtors® has developed a new form, Buyers' Waiver of Inspection and/or Appraisal, to protect members against claims resulting from a buyer's decision to waive an inspection. These include but not limited to any claim regarding any condition of the property an inspection may have revealed, and the value of the property an appraisal may have provided.

The inspection and appraisal contingencies are used to protect home buyers in a transaction. This form is not mandatory but recommended, should the buyer decide to waive any contingencies.