New Jersey Real Estate Practice Exam Free Practice Question
Are electronic signatures enforceable on a real estate contract?
Correct Answer: A
Rationale: Electronic signatures are enforceable in real estate contracts due to federal legislation, specifically the Electronic Signatures in Global and National Commerce Act (ESIGN), which recognizes electronic signatures as valid and legally binding.
Option A accurately reflects this legal framework, highlighting federal approval.
Option B, while true that electronic signatures are legal in real estate, lacks specificity regarding federal endorsement.
Option C is incorrect; electronic signatures can be used on various documents, including deeds, not limited to them.
Option D misinterprets legal requirements; electronic signatures do not necessitate physical witnessing to be valid.
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