Question Description
A sale of property goes through many phases before the new owner moves into a house. Which of the following dates is the executed transaction date and why did you choose that date?
January 5 – the property is listed
March 1 – the seller accepts the offer
March 29 – new loan papers are signed by the buyer
March 30 – buyer receives settlement statement and all monies are deposited into escrow
March 31 – grant deed and trust deed are recorded
April 1 – broker gets commission
April 15 – seller moves out of the house
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