Ace the PSI New Jersey Real Estate Test 2026 – Unlock Your Property Power!

In New Jersey, the commission rate in a real estate transaction is typically negotiated between the broker and the client. This arrangement allows both parties to discuss and agree upon a fee that reflects the services provided, the market conditions, and the specific circumstances of the transaction. The broker, representing the real estate agent and the firm, plays a key role in facilitating this negotiation.

The state government does not set commission rates, leaving this decision to the parties involved. While the real estate agent may have input in the negotiation process, it is the broker who holds the primary responsibility for establishing the commission agreement. Buyers may have their preferences regarding how commissions are structured, but ultimately, it is the broker's agreement with the client that determines the final commission rate.