New Jersey Real Estate Practice Exam Practice Question
When can the developer begin to list lots for sale with a broker?
Correct Answer: C
Rationale: Listing lots for sale requires formal approval processes to ensure compliance with local regulations.
Option C is accurate as it specifies that the developer must submit a plat map, receive approval, and record it. This step confirms that the development meets local standards and is legally recognized, thus allowing for the sale of lots.
Option A is incorrect because prescriptive easements pertain to access rights rather than the ability to sell lots, which requires formal approval.
Option B is misleading; while a conditional use permit is important for development, it does not directly authorize the sale of lots without the approved plat.
Option D is also incorrect, as merely having zoning approval does not replace the need for the developer to complete the necessary platting process and obtain local authority approval before listing lots.
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