Finance
The NJ Realty Transfer Fee uses a tiered rate structure, meaning:
AAll properties are taxed at a flat 2%
BThe rate increases in tiers as the sales price increases✓ Correct
COnly commercial properties pay the fee
DThe fee is negotiable between buyer and seller
Explanation
New Jersey's RTF is calculated on a tiered basis: different rates apply to different price brackets, with higher-value properties subject to additional tiers at higher rates.
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