Contracts
In NJ, a real estate contract in which the seller must find acceptable replacement housing before being obligated to close is called a:
AFinancing contingency
BSeller occupancy contingency or suitable housing contingency✓ Correct
CInspection contingency
DHome sale contingency
Explanation
A suitable housing contingency protects the seller by conditioning their obligation to complete the sale on their ability to find and secure acceptable replacement housing within a specified period.
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