The buyer becomes obligated when?

• A. When signing the deed
• B. When the agent presents him with the accepted contract
• C. When loan is approved
• D. When paying option fee

Answer: (B)

Obligation to buy starts when a binding contract is created. In a real estate deal, that happens once the seller has accepted the buyer’s offer and both sides have signed the purchase agreement, making the contract enforceable. When the agent presents the accepted contract to the buyer, it signals that the agreement is in force and the buyer is bound to follow its terms (subject to any contingencies like financing or inspections).

Signing the deed happens at closing, so it doesn’t put the buyer under obligation earlier. Loan approval may affect whether closing occurs, but it doesn’t itself bind the buyer to purchase. Paying an option fee gives the buyer a right to buy within a set period, not an obligation to buy.