N.J.A.C. 11:5-5.3 — Advance fees; accounting
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Publisher update: October 5, 2026 · New Jersey Register, Vol. 58 No. 19
Source text checked October 16, 2026. This independent reference reproduces the source compilation at the cutoff shown above; later changes may not yet appear. Check the official source ↗
N.J.A.C. 11:5-5.3
Advance fees; accounting
SOURCE TEXT
(a) A broker who charges or collects an advance fee in excess of $ 25.00 for services to be rendered, such as, but not limited to, advertising costs, under an advance fee agreement, shall, within 90 days, furnish their principal with an accounting of such moneys.
(b) The accounting shall provide the actual amount of each individual expenditure, including date of insertion and name of newspaper or periodical, and similarly detail any other type of promotional expenditure if funds spent other than newspaper or periodical advertising.
Publisher update: October 5, 2026 · New Jersey Register, Vol. 58 No. 19. Text and source checked October 16, 2026. New Jersey Administrative Code, New Jersey Office of Administrative Law.