Contracts
The NJ standard attorney review period of 3 business days begins from:
AThe date the offer is signed by the buyer
BThe day the fully executed (signed by both parties) contract is delivered to both parties' attorneys✓ Correct
CThe day of the home inspection
DThe date the mortgage application is submitted
Explanation
NJ's 3-business-day attorney review period begins upon delivery of the fully signed contract to both parties' attorneys (or directly to the parties if represented). 'Business days' exclude Saturdays, Sundays, and legal holidays.
Related New Jersey Contracts Questions
- In New Jersey, an option contract in real estate gives the optionee (buyer):
- In NJ, a written buyer's representation agreement typically specifies all of the following EXCEPT:
- A NJ seller who discovers a material defect AFTER the contract is signed but BEFORE closing should:
- In NJ, a 'back-up offer' is accepted by the seller when:
- In New Jersey, 'novation' in a real estate contract occurs when:
- In NJ real estate, 'earnest money' differs from the 'down payment' because:
- In NJ, a buyer who deposits funds in escrow and the seller later refuses to close without legal justification would typically seek:
- An addendum to a NJ real estate contract is used to:
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 →