New Jersey — Mandated Disclosures — New Jersey Real Estate — State Law Practice Test
16 questions in this topic · 16 drawn at random this round
When a New Jersey home that relies on a private well is sold, the Private Well Testing Act (PWTA) generally requires:
Session Progress
This New Jersey Real Estate — State Law New Jersey — Mandated Disclosures practice set has 16 practice questions based on the official exam materials, each with an instant explanation.
Sample questions
Three questions from the New Jersey — Mandated Disclosures bank with the correct answer and an explanation. The practice quiz above draws 16 questions at random from the same bank.
A New Jersey broker prepares the sales contract for a residential 1-4 family home. By NJ rule, that contract must contain which clause?
- A 3-business-day attorney-review clause — Correct answer
- A waiver of the buyer's right to inspect
- An automatic 30-day financing guarantee
- A clause making the broker a party to the sale
Explanation: When a broker (not an attorney) prepares the contract for a 1-4 family residence, NJ requires a 3-business-day ATTORNEY-REVIEW clause allowing either party's attorney to review and disapprove the contract. Attorney-review（律师审查期）: a mandatory 3-business-day window to review/disapprove a broker-prepared NJ contract. Source: N.J.A.C. 11:5-6.2.
Handbook: New Jersey Disclosures — attorney-review clause required (N.J.A.C. 11:5-6.2)
Under the NJ attorney-review rule, how and when may a party's attorney cancel the broker-prepared contract?
- By written disapproval to the other party within 3 business days of the contract — Correct answer
- By oral notice any time before closing
- Only at the closing table
- Within 30 calendar days by certified mail
Explanation: The attorney must notify the other party (and the broker) of DISAPPROVAL IN WRITING within 3 BUSINESS DAYS after the contract is signed/delivered; a timely written disapproval voids the contract. After 3 business days with no disapproval, the contract is firm. Written disapproval（书面不批准）: the attorney's cancellation method. Source: N.J.A.C. 11:5-6.2.
Handbook: New Jersey Disclosures — attorney-review: written disapproval within 3 business days (N.J.A.C. 11:5-6.2)
Does the NJ attorney-review clause apply when a licensed New Jersey attorney (not the broker) prepares the contract of sale?
- No — the rule applies to broker-prepared 1-4 family contracts, not attorney-prepared ones — Correct answer
- Yes — every NJ real-estate contract always has a 3-day review
- Yes — but only for commercial property
- No — attorney-review is illegal in New Jersey
Explanation: No. The mandatory 3-business-day attorney-review requirement applies to contracts PREPARED BY A BROKER for a 1-4 family residence. If an attorney prepares the contract, the broker-prepared-contract rule does not impose the attorney-review clause. Broker-prepared（经纪人所备）: the trigger for the attorney-review requirement. Source: N.J.A.C. 11:5-6.2.
Handbook: New Jersey Disclosures — attorney-review applies to broker-prepared contracts (N.J.A.C. 11:5-6.2)