Contracts
Vermont's real estate 'closing' formally occurs when:
AThe seller signs the deed
BThe deed is delivered to and accepted by the buyer, and the purchase price is paid✓ Correct
CThe buyer's loan is approved
DThe title search is completed
Explanation
Closing occurs when the deed is delivered and accepted by the buyer and the purchase price (and all other consideration) is paid. Title passes at this moment, completing the transaction.
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