Contracts
The 'Binding Agreement Date' (BAD) in a Georgia contract is important because:
AIt is the date the listing was entered into MLS
BIt starts the clock running on all contractual deadlines and contingency periods✓ Correct
CIt is the date the commission becomes due
DIt is the date GREC receives notice of the contract
Explanation
The Binding Agreement Date is the date the last party signs or initials, creating a binding contract. All deadlines (due diligence period, financing contingency, closing date) typically run from this date.
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