New Jersey Real Estate License 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: Option C is the best choice because a developer must submit a plat map to local authorities, receive approval, and record it before listing lots for sale. This process ensures that the subdivision complies with local regulations and zoning laws, providing legal assurance to potential buyers.
Option A is incorrect; prescriptive easements relate to access issues and do not directly allow for lot sales. Option B is misleading; a conditional use permit allows for specific uses but does not replace the need for a recorded plat. Option D is also wrong; even with zoning approval, the developer cannot sell lots until local authorities approve and record the subdivision plan.
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