This bill mandates that any individual licensed by the New Jersey Real Estate Commission who intends to use text messaging to solicit homeowners about the sale of their homes must first send a separate text message to the homeowner. This initial message must include three key pieces of information: the individual's status as a licensee of the New Jersey Real Estate Commission, the name of the employer with whom the licensee is associated, and a clear indication that the message is a solicitation. Failure to comply with this requirement will result in penalties as outlined in existing law.

Additionally, the bill requires the New Jersey Real Estate Commission to create and implement a public education program aimed at informing both licensed individuals and homeowners about these new provisions. This educational initiative may include prominently displaying information about the bill on the commission's website. The bill is set to take effect on the first day of the seventh month following its enactment.