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CALIFORNIA CALIFORNIA RESIDENTIAL PURCHASE …

DRAFTRPA 12/21 (PAGE 1 OF 16) CALIFORNIA RESIDENTIAL PURCHASE AGREEMENTAND JOINT ESCROW INSTRUCTIONS ( FORM RPA, 12/21) CALIFORNIA RESIDENTIAL PURCHASE AGREEMENT AND JOINT ESCROW INSTRUCTIONS(RPA PAGE 1 OF 16) Date Prepared:_____1. OFFER:A. THIS IS AN OFFER FROM_____( Buyer ).B. THE PROPERTY to be acquired is _____, situated in _____ (City), _____ (County), CALIFORNIA , _____(Zip Code), Assessor s Parcel No(s)._____( Property ). (Postal/Mailing address may be different from city jurisdiction. Buyer is advised to investigate.)C. THE TERMS OF THE PURCHASE ARE SPECIFIED BELOW AND ON THE FOLLOWING Buyer and Seller are referred to herein as the Parties. Brokers and Agents are not Parties to this AGENCY:A. DISCLOSURE: The Parties each acknowledge receipt of a Disclosure Regarding Real Estate Agency Relationships ( Form AD) if represented by a real estate licensee. Buyer s Agent is not legally required to give to Seller s Agent the AD form Signed by Buyer.

Closing Costs Attached to the offer or n 3 (or _____) Days after Acceptance H(3) 6B Verification of Loan Application Attached to the offer or n 3 (or _____) Days after Acceptance n Prequalification n Preapproval n Fully underwritten preapproval I Intentionally Left Blank J 16 Final Verification of Condition 5 (or _____) Days prior to COE

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Transcription of CALIFORNIA CALIFORNIA RESIDENTIAL PURCHASE …

1 DRAFTRPA 12/21 (PAGE 1 OF 16) CALIFORNIA RESIDENTIAL PURCHASE AGREEMENTAND JOINT ESCROW INSTRUCTIONS ( FORM RPA, 12/21) CALIFORNIA RESIDENTIAL PURCHASE AGREEMENT AND JOINT ESCROW INSTRUCTIONS(RPA PAGE 1 OF 16) Date Prepared:_____1. OFFER:A. THIS IS AN OFFER FROM_____( Buyer ).B. THE PROPERTY to be acquired is _____, situated in _____ (City), _____ (County), CALIFORNIA , _____(Zip Code), Assessor s Parcel No(s)._____( Property ). (Postal/Mailing address may be different from city jurisdiction. Buyer is advised to investigate.)C. THE TERMS OF THE PURCHASE ARE SPECIFIED BELOW AND ON THE FOLLOWING Buyer and Seller are referred to herein as the Parties. Brokers and Agents are not Parties to this AGENCY:A. DISCLOSURE: The Parties each acknowledge receipt of a Disclosure Regarding Real Estate Agency Relationships ( Form AD) if represented by a real estate licensee. Buyer s Agent is not legally required to give to Seller s Agent the AD form Signed by Buyer.

2 Seller s Agent is not legally obligated to give to Buyer s Agent the AD form Signed by CONFIRMATION: The following agency relationships are hereby confirmed for this transaction. Seller s Brokerage Firm _____License Number_____Is the broker of (check one): n the Seller; or n both the Buyer and Seller (Dual Agent). Seller s Agent_____License Number_____ Is (check one): n the Seller s Agent (Salesperson or broker associate); or n both the Buyer s and Seller s Agent (Dual Agent). Buyer s Brokerage Firm _____License Number_____ Is the broker of (check one): n the Buyer; or n both the Buyer and Seller (Dual Agent). Buyer s Agent_____License Number_____ Is (check one): n the Buyer s Agent (Salesperson or broker associate); or n both the Buyer s and Seller s Agent (Dual Agent).C. n More than one Brokerage represents n Seller, n Buyer. See, Additional Broker Acknowledgement ( Form ABA).D. POTENTIALLY COMPETING BUYERS AND SELLERS: The Parties each acknowledge receipt of a n Possible Representation of More than One Buyer or Seller - Disclosure and Consent ( Form PRBS).

3 3. TERMS OF PURCHASE AND ALLOCATION OF COSTS: The items in this paragraph are contractual terms of the Agreement. Referenced paragraphs provide further explanation. This form is 16 pages. The Parties are advised to read all 16 #Paragraph Title or Contract Term Terms and ConditionsAdditional TermsA5 PURCHASE Price$ _____n All Cash BClose Of Escrow (COE)_____ Days after Acceptance OR on _____ (date) (mm/dd/yyyy)C32 AExpiration of Offer3 calendar days after all Buyer Signature(s) or_____ (date) at 5PM or _____ n AM/ n PMD(1)5A(1)Initial Deposit Amount $ _____ (_____% of PURCHASE price)(% number above is for calculation purposes and is not a contractual term)within 3 (or _____) business days after Acceptance by wire transfer OR n _____D(2)5A(2)n Increased Deposit(Money placed into escrow after the initial deposit.)

4 Use form DID at time increased deposit is made.)$ _____ (_____% of PURCHASE price)(% number above is for calculation purposes and is not a contractual term)Upon removal of all contingencies OR n _____ (date)OR n _____E(1)5C(1)Loan Amount(s): First Interest Rate Points If FHA or VA checked, Deliver list of lender required repairs$ _____ (_____% of PURCHASE price)Fixed rate or n Initial adjustable rate not to exceed _____%Buyer to pay zero points or up to _____% of the loan amount 17 (or _____) Days after AcceptanceConventional or, if checked,n FHA n VA(CAR Forms FVAC, HID attached)n Seller Financingn Other: _____E(2)5C(2)Additional Financed Amount Interest RatePoints$ _____ (_____% of PURCHASE price)Fixed rate or n Initial adjustable rate not to exceed _____%Buyer to pay zero points or up to _____% of the loan amountConventional or, if checked,n Seller Financingn Other: _____E(3)7 AOccupancy TypePrimary, or if checked, n Secondary n InvestmentF5 DBalance of Down Payment $_____PURCHASE PRICE TOTAL$_____ 2021, CALIFORNIA Association of REALTORS , s Initials _____/_____ Seller s Initials _____/_____4 CALIFORNIAASSOCIATIONOF REALTORS DRAFTP aragraph#Paragraph Title or Contract Term Terms and ConditionsAdditional TermsG(1)5 ESeller Credit, if any, to Buyer n $_____ (_____% of PURCHASE price)(% number above is for calculation purposes and is not a contractual term)Seller credit to be applied to closing costs OR n Other: _____G(2)ADDITIONAL FINANCE TERMS.

5 _____H(1)5 BVerification of All Cash (sufficient funds)Attached to the offer or n 3 (or _____) Days after Acceptance H(2)6 AVerification of Down Payment and closing CostsAttached to the offer or n 3 (or _____) Days after AcceptanceH(3)6 BVerification of Loan ApplicationAttached to the offer or n 3 (or _____) Days after Acceptancen Prequalification n Preapproval n Fully underwritten preapprovalIIntentionally Left BlankJ16 Final Verification of Condition5 (or _____) Days prior to COEK23 Assignment Request17 (or _____) Days after AcceptanceL8 CONTINGENCIES TIME TO REMOVE CONTINGENCIESCONTINGENCY REMOVEDL(1)8 ALoan(s) 17 (or _____) Days after Acceptancen No loan contingencyL(2)8 BAppraisal: Appraisal contingency based upon appraised value at a minimum of PURCHASE price orn $ _____ 17 (or _____) Days after Acceptancen No appraisal contingencyRemoval of appraisal contingency does not eliminate appraisal cancellation rights in (3)8C, 12 Investigation of Property 17 (or _____) Days after AcceptanceREMOVAL OR WAIVER OF CONTINGENCY: Any contingency in L(1)-L(7) may be removed or waived by checking the applicable box above or attaching a Contingency Removal ( Form CR) and checking the applicable box therein.

6 Removal or Waiver at time of offer is against Agent advice. See paragraph 8H. n CR attachedInformational Access to Property 17 (or _____) Days after AcceptanceBuyer s right to access the Property for informational purposes only is NOT a contingency and does NOT create additional cancellation rights for (4)8D, 14 AReview of Seller Documents 17 (or _____) Days after Acceptance, or 5 Days after receipt, whichever is laterL(5)8E, 13 APreliminary ("Title") Report 17 (or _____) Days after Acceptance or 5 Days after receipt, whichever is laterL(6)8F, 11 KCommon Interest Disclosures required by Civil Code 4525 or this Agreement 17 (or _____) Days after Acceptance, or 5 Days after receipt, whichever is laterL(7)8G, 9B(6)Review of leased or liened items (Such as for solar panels or propane tanks or PACE or HERO liens)17 (or _____) Days after Acceptance, or 5 Days after receipt, whichever is laterL(8)

7 8 JSale of Buyer's PropertySale of Buyer s property is not a contingency, UNLESS checked here: n Form COP attachedMPossessionTime for PerformanceAdditional TermsM(1)Time of PossessionUpon notice of recordation, OR n 6 PM or _____ n AM/n PM on date specified, as applicable, in 3M(2) or attached (2)7 CSeller Occupied or Vacant unitsCOE date or, if checked below, n ____ days after COE (29 or fewer days) n ____ days after COE (30 or more days) Form SIP attached if 29 or fewer days. Form RLAS attached if 30 or more (3)4An Tenant Occupied unitsIf checked, see Tenant Occupied Property Addendum ( form TOPA) attachedNDocuments/Fees/ComplianceTime for PerformanceN(1)14 ASeller Delivery of Documents7 (or _____) Days after AcceptanceN(2)19 BSign and return Escrow Holder General Provisions, Supplemental Instructions5 (or _____) Days after receiptN(3)11K(2)Time to pay fees for ordering HOA Documents3 (or _____) Days after AcceptanceN(4)10B(1)Install smoke alarm(s), CO detector(s), water heater bracing7 (or _____) Days after AcceptanceOIntentionally Left BlankRPA 12/21 (PAGE 2 OF 16) CALIFORNIA RESIDENTIAL PURCHASE AGREEMENT AND JOINT ESCROW INSTRUCTIONS (RPA PAGE 2 OF 16) Property Address:_____ Date.

8 _____Buyer s Initials _____/_____ Seller s Initials _____/_____DRAFTRPA 12/21 (PAGE 3 OF 16) CALIFORNIA RESIDENTIAL PURCHASE AGREEMENT AND JOINT ESCROW INSTRUCTIONS (RPA PAGE 3 OF 16) PItems Included and ExcludedP(1)9 Items Included - All items specified in Paragraph 9B are included and the following, if checked: n Stove(s), oven(s), stove/oven combo(s);n Refrigerator(s); n Wine Refrigerator(s);n Washer(s); n Dryer(s);n Dishwasher(s);n Microwave(s); Additional Items Included: Video doorbell(s);n Security camera equipment;n Security system(s)/alarm(s), other than separate video doorbell and camera equipment;n Smart home control devices;n Wall mounted brackets for video or audio equipment;n Above-ground pool(s) / n spa(s);n Bathroom mirrors, unless excluded below;n Electric car charging systems and stations;n Potted trees/shrubs;n (2)Excluded Items: n _____; n _____; n _____;QAllocation of CostsParagraph#Item DescriptionWho Pays (if Both is checked, cost to be split equally unless Otherwise Agreed)Additional TermsQ(1)10A, 11 ANatural Hazard Zone Disclosure Report, including tax informationn Buyer n Seller n Both _____n Environmental n Other _____n Provided by: _____Q(2)_____ Reportn Buyer n Seller n Both _____Q(3)_____ Reportn Buyer n Seller n Both _____Q(4)10B(1)Smoke alarms, CO detectors, water heater bracingn Buyer n Seller n Both _____Q(5)10A10B(2)(A)Government Required Point of Sale inspections, reportsn Buyer n Seller n Both _____Q(6)10B(2)(A)Government Required Point of Sale corrective/remedial actionsn Buyer n Seller n Both _____Q(7)19 BEscrow Feesn Buyer n Seller n Both _____n Each to pay their own feesEscrow Holder: _____Q(8)13 Owner's title insurance policyn Buyer n Seller n Both _____Title Company (If different from Escrow Holder).

9 _____Q(9)Buyer s Lender title insurance policyBuyerUnless Otherwise Agreed, Buyer shall PURCHASE any title insurance policy insuring Buyer s (10)County transfer tax, feesn Buyer n Seller n Both _____Q(11)City transfer tax, feesn Buyer n Seller n Both _____Q(12)11K(2)HOA fee for preparing disclosuresSellerQ(13)HOA certification feeBuyerQ(14)HOA transfer feesn Buyer n Seller n Both _____Unless Otherwise Agreed, Seller shall pay for separate HOA move-out fee and Buyer shall pay for separate move-in fee. Applies if separately billed or itemized with cost in transfer (15)Private transfer feesSeller, or if checked, n Buyer n Both_____Q(16)_____ fees or costsn Buyer n Seller n Both _____Q(17)_____ fees or costsn Buyer n Seller n Both _____Q(18)10 CHome warranty plan: _____n Buyer n Seller n Both _____n Buyer waives home warranty planCost not to exceed $ by: _____ROTHER TERMS: _____Property Address:_____ Date:_____4 Buyer s Initials _____/_____ Seller s Initials _____/_____DRAFTRPA 12/21 (PAGE 4 OF 16) 4.

10 PROPERTY ADDENDA AND ADVISORIES: (check all that apply)A. PROPERTY TYPE ADDENDA: This Agreement is subject to the terms contained in the Addenda checked below: n Probate Agreement PURCHASE Addendum ( Form PA-PA)n Manufactured Home PURCHASE Addendum ( Form MH-PA) n Tenant Occupied Property Addendum ( Form TOPA) (Should be checked whether current tenants will remain or not.)n Tenancy in Common PURCHASE Addendum ( Form TIC-PA)n Stock Cooperative PURCHASE Addendum ( Form COOP-PA)n Other _____B. OTHER ADDENDA: This Agreement is subject to the terms contained in the Addenda checked below: n Addendum #_____ ( Form ADM) n Short Sale Addendum ( Form SSA)n Back Up Offer Addendum ( Form BUO) n Court Confirmation Addendum ( Form CCA)n Septic, Well, Property Monument and Propane Addendum ( Form SWPI)n Buyer Intent to Exchange Addendum ( Form BXA) n Seller Intent to Exchange Addendum ( Form SXA)n Other _____ n Other _____C. BUYER AND SELLER ADVISORIES: (Note: All Advisories below are provided for reference purposes only and are not intended to be incorporated into this Agreement.)


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