From the Star Ledger:
Soon your realtor could be paying you.
It’s illegal right now, but pending legislation would allow realtors and real estate brokers to pay home-buyers a portion of their commissions at the close of a deal.
New Jersey is one of 11 states that don’t allow the incentive, said Sen. Nicholas P. Scutari (D-Union), one of the bill’s sponsors. It would be up to the individual real estate agent to decide whether to pay the client.
“We’re trying to help the real estate market and to allow real estate agents and brokers to make deals happen,” Scutari said.
The bill (S139/A373) cleared the Senate Commerce Committee todayy. It has passed the Assembly and now goes to the full Senate for consideration.