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

This bill clarifies New Jersey law to allow real estate salespersons and broker-salespersons to form limited liability companies (LLCs) to receive commissions directly, without disrupting their business relationship with their employing broker. It specifically permits these professionals to accept payments from their LLCs (or other permitted entities) for services, as long as their written agreement with the broker remains unchanged. The New Jersey Real Estate Commission must establish a registration process for these LLCs to operate under the new rules. The change affects real estate professionals who use business entities for compensation, updating existing rules that previously restricted commission sources to only their employer or contracting broker.