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

This bill (S 1419) clarified that real estate salespersons and broker-salespersons in New Jersey may form limited liability companies (LLCs) or other permitted entities to receive their commissions directly, without disrupting their contractual relationship with their employing broker. It updated existing law to explicitly permit this arrangement, ensuring commissions paid through such entities would not affect the broker-salesperson business affiliation defined in their written agreement. The bill was withdrawn in January 2026 because the same clarification had already been enacted into law through P.L.2025, c.271. As a result, the policy change was already in effect and did not require new legislation.