Under New Jersey's Realty Transfer Fee Act (N.J.S.A. 46:15-5 et seq.), which of the following transfers is NOT exempt from the Realty Transfer Fee?
Correct Answer
C) An arm's-length sale of a residential property for $450,000 between unrelated parties
An arm's-length sale of residential property for $450,000 between unrelated parties is a standard taxable conveyance subject to the full Realty Transfer Fee. This is not an exempt transaction under N.J.S.A. 46:15-5. The RTF is specifically designed to apply to ordinary market sales, and no exemption exists for standard residential transactions between unrelated buyers and sellers.
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Related Topics & Key Terms
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