Contracts
Under the GAR Purchase and Sale Agreement, the binding agreement date is:
AThe date the buyer signs the offer
BThe date the seller accepts and the last party signs or initials✓ Correct
CThe closing date specified in the contract
DThe date the earnest money is deposited
Explanation
The binding agreement date under the GAR form is the date on which the last party to the contract signs or initials, creating a fully executed, binding contract between buyer and seller.
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