Contracts
Equitable title in an Arizona real estate transaction refers to:
AThe right to receive legal title after a contract is signed and before closing✓ Correct
BEqual division of title between joint tenants
CThe fair market value of the title
DA title free of all encumbrances
Explanation
Once a valid purchase contract is signed, the buyer acquires equitable title—the beneficial interest in the property and the right to receive legal title upon completion. The seller retains legal title until the deed is delivered at closing.
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