Question

In New Jersey, the fee which Must be paid when fee simple title to a parcel of real estate passes for a consideration from one party to another is the:

Answer 1

Answer:

Realty transfer fee

Explanation:

The Realty Transaction Fee (RTF) is paid in the System of New Jersey upon the filing of documents indicating changes of titles of real estate for acceptance from one group to others The Realty Transfer Tax in the Region of New Jersey is levied on the accounts of documents confirming movements of ownership to legitimate land.

The Realty Transfer Charge is calculated on the basis of the calculation of opinion mentioned in the document or, in special cases, the value of the property transferred to the sample separated by the Director's Ratio. The fee payment is necessary for the documentation of the document.