New Jersey Real Estate Practice Exam Free Practice Question
A licensee is completing an offer and needs the property's legal description to finish the contract. The best place to obtain the information is from the
Correct Answer: D
Rationale: The buyer's title commitment provides the most accurate and up-to-date legal description of the property, essential for completing the offer.
Option A, the lender, may not have the specific legal details needed for the contract. Option B, the listing agent, might provide helpful information but may not have access to the official legal description. Option C, the deed at closing, is too late in the process to assist with the current offer. Thus, the title commitment is the most reliable source for obtaining the legal description needed to finalize the contract.
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