New Jersey Real Estate Exam Practice Question
Deposit monies may NOT be disbursed to the seller in which circumstance?
Correct Answer: D
Rationale: Deposit monies are typically held in trust until certain conditions are met to protect both parties in a real estate transaction. Disbursing funds upon the seller's written request (Option D) can lead to disputes, as it bypasses the buyer's consent and the agreed-upon terms.
Option A is incorrect; funds can be disbursed at closing if all conditions are satisfied. Option B is also incorrect, as the sales agreement outlines when and how deposits can be released. Option C is valid since buyer consent is essential for any disbursement, ensuring protection for both parties involved.
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