Contracts
A real estate contract in Illinois is legally binding when:
AThe buyer signs the offer
BThe seller signs the offer
CBoth parties have signed and the acceptance has been communicated to the offeror✓ Correct
DThe earnest money has been deposited
Explanation
A real estate contract becomes binding when both parties have signed and the acceptance has been communicated back to the offeror. Merely signing without communicating acceptance does not create a binding contract.
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