Contracts
Under Illinois law, when does the attorney review period typically begin on a residential real estate contract?
AAt the time the offer is submitted
BAfter the final signature of both buyer and seller on the contract✓ Correct
CAfter the home inspection is completed
DAfter the mortgage commitment is issued
Explanation
In Illinois, the attorney review period typically begins after both parties have signed the contract (mutual acceptance). Either party's attorney may then review and modify or reject the contract within the agreed-upon period, commonly 5 business days.
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