Contracts
Which of the following is a required element of a valid real estate contract in New Jersey?
ANotarization
BOffer, acceptance, consideration, and legal capacity✓ Correct
CMLS listing
DBroker's signature
Explanation
A valid contract requires offer, acceptance, consideration, legally competent parties, legal purpose, and (for real estate) must be in writing. Notarization and broker signatures are not required elements.
Related New Jersey Contracts Questions
- In NJ, a 'final walkthrough' conducted just before closing is designed to ensure:
- In NJ real estate law, 'time is not of the essence' in a contract without such a clause means:
- If no attorney review notice is sent within the 3-business-day period in New Jersey, the contract:
- A NJ seller who accepts an offer subject to the seller finding a suitable replacement property has entered into a contract with a:
- A NJ home sale contract's inspection contingency typically gives the buyer the right to cancel the contract if:
- In NJ, the doctrine of 'specific performance' in a real estate contract means:
- An appraisal contingency in a NJ purchase contract protects the buyer when:
- A contract contingency for mortgage financing protects the buyer by:
Practice More New Jersey Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free New Jersey Quiz →