Which process begins after the terms of the real estate contract have been negotiated and signed?

The process that begins after the terms of the real estate contract have been negotiated and signed is the transaction. Once both parties have agreed upon the terms and formalized the contract, this signifies the commencement of the actual transaction phase.

During this phase, the buyer and seller transition into fulfilling the contractual obligations outlined in the agreement. This includes processes such as the transfer of earnest money, the coordination of inspections and appraisals, and ensuring that all necessary disclosures are made. The transaction encompasses all the steps that lead to the completion of the sale and the transfer of title, making it a fundamental aspect of real estate dealings.

In contrast, the other processes such as inspection and appraisal occur as part of the transaction but do not initiate the transactional phase themselves. The inspection typically evaluates the condition of the property, while the appraisal determines its market value, both serving as due diligence steps within the broader transaction framework. Disclosure involves informing the buyer of any issues related to the property but is also part of the overall transaction process rather than a standalone initiation. Therefore, the transaction is the correct choice, marking the start of the operational phase after contract signing.