Bill
A 5978
Clarifies current law addressing commissions paid to limited liability companies formed by real estate salespersons or broker-salespersons.
2024-2025 Regular Session
Introduced by Gerry Scharfenberger and 1 co-sponsor
New Jersey bill clarifies that licensed real estate professionals can legally receive earned commissions through LLC entities they own, legitimizing existing industry practice.
Introduced in the Assembly, Referred to Assembly Regulated Professions Committee