This bill aims to prohibit agreements among rental property owners that restrict competition regarding residential dwelling units, addressing the growing affordable housing crisis in New Jersey. It establishes that it is unlawful for rental property owners or their agents to engage with coordinators—entities that facilitate data sharing and pricing strategies that could lead to price-fixing or collusion. The bill defines key terms such as "coordinator," "coordinating function," and "consciously parallel pricing coordination," which refers to tacit agreements among property owners to manipulate rental prices.

Additionally, the bill reinforces the enforcement provisions of the New Jersey Antitrust Act, allowing for civil actions against violators. It specifies that complaints can be filed without needing to exclude the possibility of independent action, making it easier for consumers to report suspected violations. Furthermore, the Department of Law and Public Safety, in collaboration with the Department of Community Affairs, is tasked with creating a public education program to inform citizens about the bill's provisions and how to report potential violations.