Contracts
In the Colorado Contract to Buy and Sell, the 'Closing Date' is:
AAlways 30 days after contract acceptance
BThe date by which title transfer and funding must be completed✓ Correct
CThe date the buyer takes physical possession of the property
DThe date the inspection must be completed
Explanation
The Closing Date in a Colorado Contract to Buy and Sell is the date by which the closing documents must be signed, funds transferred, and title conveyed to the buyer. Possession may occur at closing or on a separately negotiated date.
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