What are the forms called that stipulate that possession is to be delivered to the buyer upon closing?

The correct answer highlights the nature of promulgated contracts, which are legal agreements developed and approved by a relevant authority or agency to outline the responsibilities and rights of involved parties. In real estate, promulgated contracts include standard forms that specify important aspects of a transaction, such as terms of sale, delivery of possession, and closing procedures.

These contracts serve as a clear framework, ensuring that both buyers and sellers understand when and how possession of the property will be transferred, which typically coincides with the closing of the sale. The clarity and specificity of these contracts help to minimize disputes over the timing and conditions of possession, making them vital for smooth transactions.

When examining the other options, counteroffers refer to responses to initial proposals and do not inherently stipulate possession details. Transactions broadly denote the entire process of buying or selling, without specific focus on possession transfer. Sellers' disclosures are documents that reveal property defects or issues to buyers but do not address the escrow or possession details typically outlined in promulgated contracts.