Contracts
A buyer in Georgia signs a contract and the seller signs it three days later. The effective date of the contract is:
AA. The date the buyer signed
BB. The date all parties have signed — the binding agreement date✓ Correct
CC. The date the earnest money is deposited
DD. The date the contract is recorded
Explanation
Under the GAR contract, the 'binding agreement date' is when all parties have signed and the fully executed contract is delivered to all parties. This is the effective start date for calculating contingency periods and deadlines.
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