New Jersey Real Estate Exam Practice Question
A developer intends to subdivide a large parcel of land and is in the process of land planning. The developer has determined the geographic boundaries of the individual lots and how the streets in the development will be designed to give access to each lot. When can the developer begin to list lots for sale with a broker?
Correct Answer: C
Rationale: Listing lots for sale requires formal approval of the development plans to ensure compliance with local regulations. Submitting a plat map and obtaining approval is essential as it confirms that the proposed subdivision meets zoning and planning standards, providing legal clarity for buyers.
Option A is incorrect because prescriptive easements do not establish legal lot boundaries or allow for sale until proper subdivision approval is obtained.
Option B is misleading; while a conditional use permit is important, it does not suffice without an approved plat map.
Option D is also wrong, as selling lots before official approval risks legal complications and buyer disputes, regardless of zoning compliance.
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