New Jersey Real Estate License Exam 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: A deed restriction is a legal mechanism that allows a seller to impose specific conditions on the use of their property, such as requiring a minimum house size, ensuring the seller's intentions are upheld.
Restrictive zoning (A) pertains to regulations set by local governments on land use, which does not directly involve the seller's conditions. A conditional approval (B) typically refers to permits granted with stipulations but does not enforce ongoing property use conditions. Conditions precedent (C) involve contractual obligations that must be met before a contract is valid, but they do not specifically address property use after the sale.
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