New Jersey License Law
Under NJ license law, a broker who withdraws an offer on behalf of their buyer before the seller communicates acceptance:
ACannot withdraw the offer once signed by the buyer
BMay withdraw the offer at any time before the seller communicates acceptance, as an offer may be revoked before acceptance✓ Correct
CMust get NJREC approval to withdraw
DMust forfeit the earnest money deposit
Explanation
An offer may be withdrawn (revoked) by the offeror at any time before acceptance is communicated to the offeror. Once the seller accepts and communicates that acceptance, a binding contract exists and withdrawal is no longer possible.
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