New Jersey Real Estate Exam Practice Question
After receiving a written offer, a seller revises the offered purchase price and initials the change. The salesperson who prepared the offer then takes the only copy of the revised document back to the buyers. The licensee has violated the New Jersey Real Estate License Law by failing to
Correct Answer: B
Rationale: Providing a copy of the initialed revised offer to the seller is essential for transparency and ensuring both parties are aware of the terms. Without this, the seller may not have a complete understanding of the offer they modified.
Option A is incorrect because the seller's initials on the revision suffice; the salesperson is not required to initial it as well. Option C is also incorrect since an addendum is not necessary if the seller has already initialed the changes in the original document. Option D is not mandatory in this context; while consulting the broker is good practice, it is not a legal requirement for delivering a counteroffer.
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