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In this tutorial, Zach, a real estate broker, discusses the concept of the binding agreement date in contracts, which indicates when a contract becomes legally binding between two parties. He aims to clarify common confusion among agents and clients regarding this date and emphasizes the importance of understanding it as they move toward closing. Zach advises viewers to consult an attorney for legal questions, ensuring they are aware of the complexities involved. He mentions that the binding agreement date is linked to the last line item on the purchase and sale agreement, specifically the acknowledgment of receipt.
