💥 Scenario:
An agent writes: “Due Diligence ends 14 days after ratification” instead of using a specific calendar date.
Contract ratifies Friday at 7:14 PM. Seller claims DD ends Thursday at 6 PM; buyer claims Friday at 7:14 PM.
🧭 Broker Guidance:
SCR 310 requires a specific date, and DD ALWAYS ends at 6 PM EST regardless of ratification time.
Ambiguity = missed deadlines, disputes, and liability.
✅ Action Steps for Agent:
Convert DD to a firm date (MM/DD/YYYY at 6 PM EST).
Double-check dates before sending the offer.
If ratification timing shifts, update the DD date before final signatures.
If a dispute arises, call your BIC before debating with the other side.
💡 Broker Tip:
Work backwards from inspection schedules — protect your buyer with enough runway.
