Contracts
New Jersey is considered an 'attorney closing state,' which means:
AOnly attorneys may sell real estate
BAn attorney must be present at or supervise the closing of real estate transactions✓ Correct
CAttorneys set the listing price
DTitle companies are not allowed in NJ
Explanation
New Jersey is an attorney closing state, meaning that real estate closings must be conducted or supervised by a licensed attorney. Title companies and settlement agents cannot independently conduct closings.
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