{"data":{"id":"us-nj/n.j.-stat.-45-15-16a","jurisdiction":"us-nj","citation":"N.J. Stat. § 45:15-16a","heading":"Rebate paid by broker to purchaser.","body":"2. a. Any rebate paid by a broker to a purchaser of residential real property pursuant to paragraph (2) of subsection k. of R.S.45:15-17 shall be:\n(1)\tCalculated after the purchaser negotiates the rebate commission rate;\n(2)\tMemorialized in a written document, electronic document or a buyer agency agreement provided by the broker to the purchaser at the outset of the broker relationship, which document or agreement shall provide the terms of any rebate credited or paid by the broker to the purchaser; and\n(3)\tDisclosed to all parties involved in the transaction, including, but not limited to, any mortgage lender.\nb.\tA rebate shall not be:\n(1)\tPaid to a person not licensed as a real estate broker for any act that requires licensure;\n(2)\tContingent upon the use of other services or products being offered by a broker or an affiliate of a broker; or\n(3)\tBased on the use of a lottery, contest or game.\nL.2009, c.273, s.2.","path":["TITLE 45 PROFESSIONS AND OCCUPATIONS"],"source_url":"https://pub.njleg.state.nj.us/statutes/STATUTES-TEXT.zip","current_through":"P.L.2025, c.405, and J.R.22","vintage":"","retrieved_at":"2026-08-27T17:54:13Z","sha256":"341a44d16e6e0ce8ada0ae599b137f71530b2345e52e6983ba9eb20ab4a4e4e7","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-45-15-16","next":"us-nj/n.j.-stat.-45-15-16b"},"notice":"GroundRules: Original legal text. Not legal advice."}