New Jersey Real Estate Practice Exam Practice Question
In preparing for a listing presentation for a newly constructed home, an agent needs to know all but which one of the following on comparable homes?
Correct Answer: C
Rationale: Understanding comparable homes is crucial for an effective listing presentation. The date of the most recent sale (A) is important as it reflects current market trends. Sale price (B) provides a benchmark for pricing the new home competitively. Square footage (D) helps assess the home's value relative to similar properties. In contrast, the assessor's value (C) is often based on outdated information and may not accurately reflect current market conditions or buyer demand, making it less relevant for setting a competitive listing price.
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