When must the termite report be delivered during an open escrow?

The correct answer specifies that the termite report must be delivered 5 days prior to closing during an open escrow. This timeframe is crucial because it allows all parties involved in the transaction, including both the buyer and seller, sufficient opportunity to review the findings of the termite report. Delivering the report with this notice period ensures transparency regarding the property's condition and any potential pest issues that may need to be resolved before the finalization of the sale. If any significant termite damage is found, the buyer can request repairs or negotiate terms accordingly, thus helping to facilitate a smoother transaction process. The rule surrounding the timeline for the termite report delivery is designed to protect the interests of the buyer while ensuring that the transaction can proceed in an informed manner.