Question

In a listing agreement, the proposed dates for closing and buyer's possession

A) can never be firm because there are so many unknowns in the average transaction.
B) should state a date certain that cannot be extended.
C) can be left open-ended if there are financial or other issues to be resolved.
D) should be based on an anticipated closing date.

Answer 1

In a listing agreement, the proposed dates for closing and buyer's possession should be based on an anticipated closing date.

Step-by-step explanation:

In a listing agreement, the proposed dates for closing and buyer's possession should be based on an anticipated closing date. Option D is the correct answer. It is important to have an anticipated closing date in the listing agreement to provide a timeline for the transaction. This helps both the buyer and seller plan accordingly and allows for a smoother process. However, it is important to note that unforeseen circumstances can sometimes cause delays or adjustments to the closing date.