Escrow & Title
In a Mississippi transaction, the 'transfer of possession' occurs when:
AThe deed is signed
BThe closing occurs and keys are delivered to the buyer✓ Correct
CThe earnest money is deposited
DThe listing agreement is signed
Explanation
While legal title transfers upon delivery and acceptance of the deed, physical possession is typically transferred at closing when keys and access devices are delivered to the buyer. The contract should specify the exact time of possession.
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