New Jersey Real Estate Practice Exam Free Practice Question
If an owner wants to list a property for sale 'as is,' the listing agent should
Correct Answer: C
Rationale: Listing a property "as is" implies that the seller is not making repairs or improvements. Therefore, questioning the seller about any known defects is crucial for transparency and to inform potential buyers. This practice helps protect both the seller and the agent from future disputes.
Option A is misleading; a low price isn't guaranteed simply because the property is listed "as is." Option B is incorrect; agents still have a duty to disclose known defects, regardless of the property's condition. Option D assumes the property is a "fixer-upper" without confirming the seller's knowledge of its condition, which could lead to misrepresentation.
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