Contracts
In a Tennessee residential contract, the 'closing date' refers to the date:
AThe offer is submitted
BThe transaction is completed, funds are disbursed, and title transfers to the buyer✓ Correct
CThe buyer's loan is approved
DThe property condition disclosure is signed
Explanation
The closing date (also called settlement or closing) is the date on which the real estate transaction is completed — deeds are signed and recorded, funds are disbursed, and title formally passes from seller to buyer.
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