Contracts
What is the significance of 'closing date' in a Hawaii real estate contract?
AA. The date the listing agent receives the commission
BB. The date by which the transaction must be completed, title transferred, and funds disbursed✓ Correct
CC. The date the buyer first views the property
DD. The date the listing expires
Explanation
The closing date is the deadline for completing all conditions of the contract, including funding, signing, and recording the deed to transfer title.
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