Contracts
A Nebraska real estate purchase agreement typically becomes binding when:
AThe earnest money is deposited
BThe last signature is obtained and acceptance is communicated to the offeror✓ Correct
CThe NREC approves the transaction
DThe lender pre-approves the buyer's loan
Explanation
A contract becomes binding upon mutual assent — when both parties have signed agreeing to the same terms AND the acceptance has been communicated to the offeror. Earnest money deposit is not required for contract formation.
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