"Ticket Fairness and Transparency Act."

The Ticket Fairness and Transparency Act aims to protect consumers in New Jersey by regulating how tickets are sold and resold for entertainment events. It requires ticket brokers to maintain physical offices, register with the state, and clearly disclose fees, seat locations, and refund policies to buyers. The bill also limits the markup that resellers can charge on ticket prices to a maximum of 20% and mandates that sellers show the total cost, including fees, before a purchase is made. Additionally, the law strengthens rules around ticket verification and guarantees refunds if brokers fail to deliver promised tickets or tour packages. These changes directly affect ticket sellers, brokers, and consumers by enforcing greater transparency and fairness in the marketplace.