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In this tutorial, Zach, the broker of Zach Taylor Real Estate, discusses the concept of the binding agreement date in real estate contracts. He acknowledges the confusion that both agents and clients may have regarding this topic and aims to clear it up. Zach emphasizes that he is not an attorney, so legal questions should be directed to them. He then explains that the binding agreement date can be found in the last line item of the purchase and sale agreement, called the acknowledgement of receipt. This date signifies when two parties are moving forward towards the closing date in a contract.
