Contracts
In New Mexico, a purchase contract's 'closing date' typically means:
AThe date the offer was accepted
BThe date by which all parties must have signed, funded, and recorded the deed✓ Correct
CThe date the inspection must be completed
DThe date the listing agreement expires
Explanation
The closing date is the date by which the transaction must be completed—including loan funding, signing of all documents, and recording of the deed with the county clerk.
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