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The effective date of the contract is the date on which acceptance occurred. This date should be the date of the last party to sign the contract and the communication of the acceptance to the other party or party's agent.
The closing date refers to the date when a company purchase and sale transaction is signed off and completed. This date may be different than the effective date, which is the date when the transaction is deemed to have occurred. Most of the time, the closing and effective date of a transaction is the same day.
So, what is the effective date of a contract? The day when the contract becomes effective is known as the effective date (or contract effective date), which may be different from the execution date. This date cannot precede the execution date, meaning a contract cannot be in effect until after all parties sign it.
In a TREC contract the effective date is determined by the final date of acceptance by all parties. This date, when all parties have come to agreement and signed the contract, is when the contract becomes binding between the parties.
What date do you start counting as day one? Day 1 begins on the following day. The effective date is determined by the date the contract is agreed to by both parties in writing and communicated between the parties. Either the buyers agent or the sellers agent can fill the final acceptance date in on the contact.

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When a listing is in Active Under Contract, that property is under contract, but is still accepting showings and being actively marketed.
In a TREC contract the effective date is determined by the final date of acceptance by all parties. This date, when all parties have come to agreement and signed the contract, is when the contract becomes binding between the parties.
Real estate brokers and agents now have access to general performance metrics from their realtor.com listings, including the number of listing detail page views they receive, how many times they show up in search results, how many leads they generate and how many impressions they register.
The wording of this clause can vary on every contract and generally it involves \u201ca time clause\u201d, which specifies that if the seller is presented with a second offer, then the buyers with the first offer would have a set period of time to remove all of their subjects and agree to purchase the home, or decline to remove ...
Active listings will show a Time on Zillow counter, as well as the number of Views and Saves for a property. When viewing an active listing, the total number of Views and Saves displaying on the listing includes the number of views and saves from the past 30 days the home has been on the market.

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