Property Ownership
Under NJ's Real Property Disclosure Law, which of the following conditions MUST be disclosed?
AThe seller's personal taste in décor
BPrior flooding or water intrusion in the basement✓ Correct
CThe age of the seller
DThe seller's mortgage interest rate
Explanation
NJ's Seller's Property Condition Disclosure Statement requires disclosure of material physical conditions including prior flooding, water intrusion, roof leaks, and other conditions that would affect the property's value or habitability.
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