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The Attorney Review process is a stipulated period during which a real estate contract, once signed by both parties, is reviewed by the attorneys representing the buyer and the seller. This process is typically set for three business days in New Jersey, although the period may be extended by mutual agreement.
If you cancel this contract within the three-day period, you are entitled to a full refund of your money. Refunds must be made within 30 days of the contractor businesss receipt of the cancellation notice. Amended by L. 2023, c.
The purchaser may cancel the contract by sending a written notice of cancellation to the seller within five business days from the date the contract is executed by the purchaser and the seller, informing the seller that the purchaser is canceling the contract. The notice of cancellation shall be sent by certified mail.
There are three basic types of listing agreements: an open listing, an exclusive agency listing, and an exclusive right to sell listing.
Elements to include in a listing agreement. Names, addresses, and contact information for both the owner and the agent. The period in which the property will be listed for sale. The listing price of the property. The type of listing agreement being entered into.
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The Attorney Review Period and the Three-Day Rule In New Jersey, this review period lasts three business days from the moment the signed contract is delivered to both parties. During these three days, either partys attorney can reject the contract by sending a disapproval letter, effectively pausing the agreement.

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