New Jersey Real Estate Practice Exam Free Practice Question
Written offers to purchase real estate in New Jersey must be presented to sellers within:
Correct Answer: A
Rationale: In New Jersey, real estate agents are required to present written offers to sellers within 24 hours to ensure timely communication and decision-making. This promptness helps maintain the integrity of the transaction and respects the interests of all parties involved.
Option B (48 hours) is incorrect as it exceeds the legal requirement, potentially delaying the process. Option C (3 days) and Option D (5 days) also do not comply with the 24-hour mandate, further risking the effectiveness of the offer and the seller's ability to respond promptly. Adhering to the 24-hour rule is essential for a smooth real estate transaction.
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