Escrow & Title
In Tennessee, when does a buyer acquire 'equitable title' to a property?
AAt the time of closing when all documents are signed
BUpon execution (signing) of the purchase agreement✓ Correct
CWhen the deed is recorded
DWhen the title insurance policy is issued
Explanation
When a buyer signs a purchase agreement, they acquire equitable title — the beneficial interest in the property. Legal title passes at closing when the deed is delivered and accepted.
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