New Jersey Real Estate 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 essential as it reflects current market conditions. The sale price (B) is vital for determining the home's market value. Square footage (D) helps in comparing the size and livability of the property. In contrast, the assessor's value (C) is less relevant for pricing strategies, as it may not accurately represent current market trends or buyer perceptions. Thus, while useful for tax purposes, it does not directly inform pricing decisions in a competitive market.
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