Creates requirements for certain long-term real estate listing contracts.

This bill (S 1314) sets limits on long-term real estate listing agreements in New Jersey. It prohibits "right-to-list home sale agreements" exceeding 10 years and requires them to include an early termination option: owners can end the contract early by paying up to 6% of the initial price per year (compounded annually). Real estate brokers must provide fully executed contracts with a clear termination date and comply with these rules, or face penalties under amended licensing law (R.S.45:15-17), including fines up to $10,000 for violations. The bill directly affects homeowners signing long-term listing contracts and real estate brokers handling such agreements.