Contracts
In a Texas transaction, the 'effective date' of a real estate contract is defined as:
AThe date the buyer signs the offer
BThe date the escrow agent receives the earnest money
CThe date the last party signs AND the signing party is notified of the other party's acceptance✓ Correct
DThe date the title company opens escrow
Explanation
Under TREC contracts, the effective date is when both parties have signed and the party making the offer has been notified that the other party accepted. This is typically the date the broker fills in on the contract after receipt of final acceptance.
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