New Jersey Real Estate License Exam Practice Question
Deposit monies may NOT be disbursed to the seller in which circumstance?
Correct Answer: D
Rationale: Deposit monies cannot be disbursed to the seller upon written request because this could undermine the buyer's protections and the terms of the sales agreement. Disbursing funds without mutual consent risks violating contractual obligations.
Option A is incorrect because disbursement at closing or settlement is standard practice, ensuring all parties fulfill their obligations. Option B is also incorrect, as the sales agreement typically outlines conditions for disbursing deposits, which must be adhered to. Option C is misleading; while buyer consent is necessary, it does not negate the need for mutual agreement in the transaction process.
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