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RPA-CA is a discouraging form for most first users because of its tiny pressure, complex language and number of rules. Nevertheless, it is important to understand this document because it defines your rights and obligations when selling or purchasing existing real estate, by the inspection rights of buyers, on which side the snack is in the case of a contract and everything in between. The RPA-CA also provides trust instructions, that is, it informs the neutral third-party fiduciary service of how you can manage and facilitate your transaction. You will likely receive additional instructions from the agent in charge of the transaction, but RPA-CA is the relevant document. There will be many other documents that you will check during the transaction, a surprisingly high number if you have not yet passed the process, including disclosures, announcements and reports. Everyone is very important in itself, and it is essential that you understand everyone, but RPA-CA is the fundamental agreement that governs the main terms of the transaction. Fortunately, good real estate agents know how important it is for your satisfaction and safety to understand RPA-CA. They will do everything in their power to make the process as clear as possible for you, keep you informed of what is happening during the transaction, provide you with the knowledge and instructions to help you make the critical decisions that arise at each stage of the transaction, or refer you to a real estate lawyer to deal with legal issues. Just think of the end result – it`s your transaction and the responsibilities under the contract are up to you. Study the document, ask questions and know your duties and obligations to make sure your transaction is as stress-free and satisfying as possible. Natural Hazard Disclosure Statement (NHDS) – The seller or his representative is responsible for providing the buyer with a disclosure form informing him of the potential natural risks associated with the contract.
The form attached above contains the following information: The California sales contract is the official legal form used when a person wishes to sell his property to another party. The seller (or his representative) makes available to the buyer a copy of the document containing all the essential provisions, disclosures and general information necessary to safeguard a binding contract. As a general rule, a serious money deposit will be made on behalf of the buyer as a sign of good faith before the actual conclusion. All exchange-related financing should be set out in the form to avoid any dispute over payment. If a buyer does not receive any of the information listed below, they may have 3 days to terminate their contract (or 5 days from the date of shipment) by notifying the Seller or Seller`s Representative (CC 1102.3). Water Heater Compliance Statement (B) – Property sellers must certify in writing that the water heater in the property is properly secured to prevent displacement in the event of an earthquake. (The title form also contains the fire compliance statement.) The publication of the real estate tax (C 1102.6c) – what must be included in a 12-point writing lease with a 14-point handwriting: California property tax law requires the tax holder to reassess the property at the time of the change of ownership.