Contracts
In NJ, a 'purchase and sale agreement' for a mobile home or manufactured housing in a park is unique because:
ANo written agreement is required
BMobile homes may be personal property (if not on a permanent foundation with a deed) and are governed by the Mobile Home Owners' Rights Act rather than general real estate contract law✓ Correct
CThe NJREC must approve all mobile home sales
DOnly commercial brokers can sell mobile homes
Explanation
In NJ, a mobile home is personal property unless it is permanently affixed and titled as real property. The NJ Mobile Home Owners' Rights Act and NJ Mobile Home Park Act govern the relationship between park owners and residents, with specific rules on sales and rent increases.
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