Contracts
In NJ, a 'back-up offer' is accepted by the seller when:
AThe seller rejects the primary offer
BThe seller accepts a second offer contingent on the primary contract falling through✓ Correct
CThe buyer submits a revised offer
DThe listing broker recommends the seller hold multiple offers
Explanation
A back-up offer is accepted contingent on the primary contract not closing. It becomes the primary contract if the first buyer fails to complete the purchase.
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