By what date must the buyer deliver verification of funds following acceptance, according to the scenario?

The requirement for the buyer to deliver verification of funds typically involves adherence to specific timelines established in a real estate contract or agreement. In this scenario, considering "By 10:00 a.m. on August 20" is the chosen answer, it indicates a clear and defined deadline for the buyer to present this verification shortly after the acceptance of the offer.

This specific timing emphasizes both the urgency and the structured nature of real estate transactions, which often rely on timely communication and documentation. Setting a precise time, such as 10:00 a.m., allows all parties involved to have a transparent understanding of expectations and deadlines, streamlining the process and helping to avoid any potential disputes or misunderstandings.

The other options do not align as effectively with the common practices seen in real estate transactions regarding verification of funds. For instance, declaring a deadline of 7 days after acceptance is more vague, while stating specific times at night, such as 7:00 p.m., may not align with the normal business hours within which such verifications are expected to be completed and documented. Thus, the specificity of the correct answer supports a smoother transaction process by ensuring compliance with expected timelines.