New Jersey Real Estate Practice Exam Free Practice Question
A seller who has conditioned the sale of a lot on a buyer's agreement to build a house with a minimum of 2,000 square feet will protect their rights through the use of
Correct Answer: D
Rationale: The use of a deed restriction effectively enforces the seller's requirement for the buyer to construct a house of at least 2,000 square feet. This legally binding provision is attached to the property title, ensuring compliance.
Restrictive zoning (A) pertains to local government regulations that dictate land use and building standards, but it does not specifically address individual seller-buyer agreements. Conditional approval (B) refers to a preliminary agreement subject to certain conditions but lacks the permanence needed for property restrictions. Conditions precedent (C) are specific contractual terms that must be fulfilled before a contract becomes effective, which does not adequately secure the seller's interests in this context.
Unlock All Questions
Subscribe to Premium for full access to all practice questions, detailed rationales, and performance tracking.
Subscribe Now