California · Chapter 56 of 59
Purchase Agreements and Offers
California Residential Purchase Agreement (RPA), contingencies, offer and acceptance, earnest money, and liquidated damages.
30-minute read · Built for the DRE Salesperson Exam
RPAcontingencyinspection contingencyloan contingencyappraisal contingencyearnest moneyliquidated damages3% capcounter offeracceptancemirror image rule
The California Residential Purchase Agreement (RPA)
The RPA (CAR Form RPA) is the standard California form used for residential purchases. It serves as both the offer and, once accepted, the binding contract between buyer and seller. It contains standardized terms regarding price, contingencies, timing, disclosures, and more.
Loading…