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Zach Taylor from Zach Taylor Real Estate discusses the concept of the binding agreement date in real estate contracts. He clarifies that the binding agreement date marks the point where two parties are moving towards the closing date. Zach emphasizes that many agents and clients often misunderstand this concept. He mentions that he is not a lawyer and advises seeking legal advice if needed. The binding agreement date is typically indicated in the purchase and sale agreement's acknowledgment of receipt section.