N.J. Admin. Code § 11:5-7.5
Current through Register Vol. 56, No. 19, October 7, 2024
Section 11:5-7.5 - Proscription of price-fixing and agreements in regard to methods of arriving at commission(a) No licensee shall combine, conspire, suggest, or recommend to, or with any other licensee(s) that any rate, commission or fee to be charged by them, or any division of such commission by them be fixed, established, maintained, suggested or stabilized. Nothing in this section shall prohibit any intra-office communications with regard to the establishment of commissions or division of commissions.(b) No licensee shall directly or indirectly recommend or suggest to any other licensee(s) that such person(s) adhere to any schedule or recommendation of another concerning the rates, commissions or fees to be charged or the methodology or approach by which a commission, rate or fee is arrived at, or division of fees to be made, in the conduct of business. Nothing in this section shall prohibit any intra-office communications with regard to the establishment of commissions or division of commissions. Information imparted solely for the purposes of instruction, and not for the purpose of recommending guidelines or a preferred method of pricing, at any bona fide trade association seminar or educational courses shall be excepted from the proscription set forth in this section.N.J. Admin. Code § 11:5-7.5
New Rule, R.1981 d.261, effective 7/9/1981.
See: 13 New Jersey Register 306(a), 13 New Jersey Register 440(c).