Contracts
A real estate purchase contract becomes 'executed' when:
AAll parties have signed the contract
BAll parties have fully performed all obligations under the contract✓ Correct
CThe earnest money is deposited
DThe lender approves the buyer's loan
Explanation
An executed contract is one where all parties have fully performed their obligations. At the time of closing, when the deed has been delivered and funds transferred, the contract is fully executed. Note: 'signed' means the contract is executory (in progress), not executed.
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