Finance
In NJ, a 'purchase and sale agreement' with seller financing (seller acting as lender) should include all of the following EXCEPT:
AInterest rate and loan term
BA NJREC appraisal certification✓ Correct
CPayment schedule
DDue-on-sale clause provisions
Explanation
Seller-financed transactions do not require NJREC appraisal certifications. They should include interest rates, payment terms, default provisions, and due-on-sale clauses, but appraisal certification is not a contractual element required by the NJREC.
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