Contracts
The Massachusetts P&S 'closing date' clause typically specifies when:
AThe listing agreement was signed
BTitle will transfer and the transaction will be completed✓ Correct
CThe home inspection must be completed
DThe mortgage application must be submitted
Explanation
The closing date in a Massachusetts P&S is the date on which the transaction is to be completed—when the deed is delivered, funds are exchanged, and title transfers from seller to buyer.
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