New Jersey A 4326: Revises process for certain medical schools to receive authorization to operate clinical clerkship programs in New Jersey.

Bill Text

A4326 

ASSEMBLY, No. 4326 

STATE OF NEW JERSEY

222nd LEGISLATURE

� 

INTRODUCED FEBRUARY 19, 2026

Sponsored by:

Assemblywoman� SHANIQUE SPEIGHT

District 29 (Essex and Hudson)

SYNOPSIS

���� Prohibits imposition of costs of certain realtor 
services on residential tenants.� 

CURRENT VERSION OF TEXT 

���� As introduced.

�� 

An Act prohibiting imposition of certain brokerage 
costs on residential tenants, amending P.L.2024, c.32 (C.45:15-16.86 et al.), 
and supplementing P.L.1975, c.310 (C.46:8-43 et seq.) and P.L.1960, c.39 
(C.56:8-1 et seq.).

���� Be It 
Enacted by the Senate and General Assembly of 
the State of New Jersey:

���� 1.��� Section 1 of P.L.2024, 
c.32 (C.45:15-16.86) is amended to read as follows:

���� 1.��� As used in P.L.2024, 
c.32 (C.45:15-16.86 et al.):

���� "Agency 
relationship" means the agency relationship created under P.L.2024, c.32 
(C.45:15-16.86 et al.) between a real estate brokerage firm and a principal 
relating to the performance of real estate brokerage services.

���� "Agent" means a real 
estate brokerage firm, including affiliated brokers, broker-salespersons, and 
salespersons who are duly licensed under R.S.45:15-1 et seq., that has an 
agency relationship with a principal.

���� "Brokerage firm" 
means a real estate brokerage firm, including real estate brokers, real estate 
broker-salespersons, and real estate salespersons licensed or otherwise 
authorized to provide brokerage services in this State pursuant to chapter 15 
of Title 45 of the Revised Statutes who are affiliated with the brokerage firm, 
unless the context requires the terms to be considered separately.� In 
accordance with section 2 of P.L.1989, c.239 (C.45:15-16.28), 
"broker" also includes any broker, broker-salesperson, or salesperson 
who performs within this State as an agent or employee of a subdivider any one 
or more of the services or acts as set forth in chapter 15 of Title 45 of the 
Revised Statutes.

���� "Brokerage services" 
means the rendering of services for which a real estate license is required 
under chapter 15 of Title 45 of the Revised Statutes.

���� "Brokerage services 
agreement" means a written agreement between a brokerage firm and 
principal that appoints a brokerage firm to represent the principal as an agent 
or work with a buyer or seller as a transaction broker.� Broker services agreements 
include, but are not limited to, sale and rental listing agreements; 
buyer-lessee agency agreements; and transaction broker, dual agency, and 
designated agency agreements.

���� "Buyer" means an 
actual or prospective purchaser in a real estate transaction, or an actual or 
prospective tenant in a real estate rental or lease transaction, as applicable.

���� "Buyer's agent" 
means a brokerage firm, including brokers, broker-salespersons, and 
salespersons affiliated with the brokerage firm, that has an agency 
relationship and works only with the buyer in a real estate transaction and to 
whom the brokerage firm and its brokers, broker-salespersons, and salespersons 
owe fiduciary duties. 

���� "Commercial real 
estate" means a fee title interest, possessory estate, or lease in real 
property located in the State of New Jersey, other than an interest in real 
property that is:

���� improved with one 
single-family residential unit or one multifamily structure with four or fewer 
residential units;

���� unimproved and the maximum 
permitted development is one to four residential units or structures under 
applicable zoning regulations;

���� classified as farmland, 
timberland, or other agricultural land for real estate tax assessment purposes;

���� improved with single-family 
residential units, such as condominiums, townhouses, timeshares, or stand-alone 
houses in a subdivision that may be legally sold, leased, or otherwise disposed 
of on a unit-by-unit basis;

���� subject to an agreement that 
provides that the real estate should be considered residential; or

���� within the definition in this 
section as of the date of its disposition.

���� "Confidential 
information" means information from or concerning a principal that, unless 
required to be disclosed by the brokerage firm pursuant to applicable law:

���� is acquired by the brokerage 
firm during the course of an agency relationship with the principal;

���� is information that, as 
advised by the principal to the brokerage firm, the principal reasonably 
expects to be kept confidential or that the brokerage firm otherwise knows is 
confidential;

���� would, if disclosed, operate 
to the detriment of the principal, except that the information may be disclosed 
if authorized by the principal; and

���� the principal personally would 
not be obligated to disclose to the other party.

���� "Designated agent" 
means, in any transaction where the buyer's agent and the seller's agent are 
affiliated with the same brokerage firm or are the same broker, 
broker-salesperson, or salesperson, the broker, broker