frequently asked question 5 how does the rpa purchase contract work in california: Frequently Asked Question #5 - How does the RPA Purchase Contract work in California
- 05/29/12 05:39 AM
CALIFORNIA RPA PURCHASE CONTRACTThe California Residential Purchase Agreement (California Association of Realtors form RPA-CA) is a standard form purchase contract There were significant changesmade in the revised forms released in 4/10 amd 11/10 , with changes in languagein many paragraphs.Initial Offer: The initial offer that a buyer makes to acquire a property is made on the REP-CA standard form Residential Purchase Contract. Some of the important items which must be included in the contract are the following:1. Purchase Price, Financing, and Deposits: The purchase price, the amount of the deposit (usually 1.5 to 3% of the purchase price) and if the deposit is to be
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