Contracts
Under the GAR form, the 'Closing Date' is the date when:
AThe buyer signs the purchase contract
BThe deed is delivered, the purchase price is paid, and title transfers from seller to buyer✓ Correct
CThe inspection is completed
DThe mortgage commitment is received
Explanation
The closing date is the date on which the transaction is consummated — the deed is delivered, the purchase price is paid, and title transfers from seller to buyer.
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