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Zach the broker of Zach Taylor Real Estate discusses the concept of the binding agreement date in real estate contracts. He emphasizes the importance of clarity in determining when a contract is actually bound and moving towards the closing date. While he reminds viewers to consult with attorneys for legal advice, he shares his framework based on years of experience in the industry. The binding agreement date is typically indicated by the last line item on the purchase and sale agreement, the acknowledgement of receipt.
