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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 clarifies that this date signifies when two parties are legally committed to moving forward towards the closing date. Many agents and clients often misunderstand this concept. Zach emphasizes that he is not a lawyer and recommends seeking legal advice for any questions. He draws on his experience in the industry to explain that the binding agreement date is typically indicated by the last line item on the purchase and sale agreement, the acknowledgment of receipt.