Contracts
In Oklahoma, the closing date in a real estate purchase contract is:
AAlways the first Monday after the contract is signed
BA negotiated date agreed to by buyer and seller, which can be extended by mutual written agreement✓ Correct
CSet by OREC at 30 days after offer acceptance
DDetermined solely by the lender's processing time
Explanation
The closing date is a negotiated term in the contract. It can be extended with mutual written agreement of the parties. While lender timelines, inspection periods, and other factors influence timing, the parties ultimately agree on the closing date.
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