A listing agent presents a signed offer to a seller who then changes the amount of the down payment. Before presenting the counteroffer to the buyer, the New Jersey Real Estate License Law requires the listing agent to
Under NJ Real Estate License Law and Commission regulations (NJAC 11:5-6.2), all material changes to a written offer must be acknowledged in writing by the party making the change before it can be treated as a counteroffer. This is typically done by having the seller initial and date the change on the offer form. Without the seller's written confirmation (initials), the revision is not valid or binding.
A is unnecessary; broker consent is not required for counteroffers.
C is not required unless the parties specifically use an addendum, but initials are the minimum legal requirement.
D is insufficient; oral notice is not valid without written confirmation.
Therefore, the correct answer is B.
(Reference: NJ Real Estate Salesperson Pre-Licensure Course Study Guide, Contracts & License Law---Handling Offers and Counteroffers; NJAC 11:5-6.2.)