Contracts
In the California RPA, the default time period for the buyer's investigation contingency (inspection period) is:
A3 days
B7 days
C17 days✓ Correct
D30 days
Explanation
The California RPA sets a default 17-day period for the buyer to complete physical inspections and investigations of the property. This period can be modified by mutual agreement. After the contingency period, buyers must actively remove contingencies or cancel.
Related California Contracts Questions
- What is novation in contract law?
- What is the legal effect of a 'time is of the essence' clause in a California real estate contract?
- What is 'consideration' in a real estate contract?
- What is 'consideration' in the context of a real estate contract?
- When a buyer fails to complete a purchase after removing all contingencies, the seller may retain the buyer's deposit as:
- The California Residential Purchase Agreement (RPA) is a contract that is primarily drafted by:
- A seller accepts a buyer's offer on a home. Before escrow closes, the seller receives a significantly higher offer. The seller may:
- In California, the statute of limitations for a written contract is:
Practice More California Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free California Quiz →