Escrow & Title
In Arizona, 'concurrent closing' occurs when:
AA buyer and seller close at the same table simultaneously
BMultiple simultaneous transactions are sequentially dependent—such as a 1031 exchange or a buyer who needs to close their sale before closing the purchase✓ Correct
CTwo buyers compete to close the same transaction
DThe same agent represents both buyer and seller at closing
Explanation
Concurrent closings involve sequentially dependent transactions—such as a buyer selling their current home and simultaneously buying a new one, or a 1031 exchange where the relinquished and replacement property closings must be coordinated.
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