The California Residential Purchase Agreement (RPA) is published by:
Why The California Association of REALTORS® (C.A.R.) Is Correct
Answer B: The California Association of REALTORS® (C.A.R.)
Exam Tip: Contracts
Contract questions frequently test the essential elements required for a valid contract. Remember: competent parties, mutual consent, lawful object, and sufficient consideration. Watch for void vs. voidable distinctions.
Key Contracts Terms in This Question
People Also Study
Related California Questions
- In a California standard residential purchase agreement, when does an offer become a binding contract?Contracts
- The California Residential Purchase Agreement (RPA) is a contract that is primarily drafted by:Contracts
- What is the California Residential Purchase Agreement (RPA) used for?Contracts
- In California residential real estate, the standard purchase agreement used by most agents is published by:Contracts
- What California form is commonly used to establish a formal buyer representation agreement?Agency
- What is the standard appraisal form used for a single-family residential property in a federally related mortgage transaction?Property Valuation
- In California, which form confirms the agency relationship at the time a purchase agreement is executed?Agency
- In California, which form is used to disclose the agency relationship to buyers and sellers?Agency
Key Terms to Know
A legally binding contract between a buyer and seller that outlines the terms and conditions of a real estate sale.
Earnest MoneyA deposit made by the buyer when submitting a purchase offer, demonstrating serious intent and serving as consideration for the contract.
ContingencyA condition in a purchase contract that must be satisfied before the sale can proceed to closing.
Option ContractA contract giving the buyer the right, but not the obligation, to purchase a property at a specified price within a specified time period.
State-Specific Concepts
Study This Topic
Practice More California Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free California Quiz →