New Jersey Real Estate Practice Exam Free 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 land plan to ensure compliance with local regulations. Submitting a plat map and obtaining approval confirms that the development meets zoning and planning standards, making it lawful to sell.
Option A is incorrect because prescriptive easements do not establish legal access for sale until the plat is approved. Option B, while important, only allows for construction but does not authorize lot sales without the plat's approval. Option D is misleading; zoning alone does not suffice for sale listing without an approved plat, as it does not guarantee compliance with all planning requirements.
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