Clarifies current law addressing commissions paid to limited liability companies formed by real estate salespersons or broker-salespersons.

This bill clarifies that New Jersey real estate salespersons and broker-salespersons may form limited liability companies (LLCs) or other legal entities to receive their commissions, without changing their business relationship with their employing broker. It explicitly permits salespersons to accept commissions directly from their own LLC or entity, provided this arrangement aligns with their written agreement with the broker. The New Jersey Real Estate Commission will establish a registration process for these entities to ensure compliance. The law takes immediate effect.