TABLE OF CONTENTS

A Licensee’s Guide To
The California Purchase Agreement and Counter Offer
Volume I
I.. Introduction................................................. 1
II. Basic Contract Principles.................................... 3
III.......... Opening Section of the Residential Purchase Agreement 7
IV. Numbered Paragraphs
1.. Offer.................................................... 9
2.. Finance Terms........................................ 10-18
3.. Closing and Occupancy ............................... 19-20
4.. Allocation of Costs.................................. 21-26

1. Statutory Disclosures (Including Lead-Based Paint Hazard Disclosures)                                         and Cancellation Rights: ................................ 28-37

6.. Condominium/Planned Unit Development Disclosures..... 38-39
7.. Conditions Affecting Property........................... 40
8.. Items Included and Excluded  ........................... 41
9.. Buyer’s Investigation of Property and Matters Affecting Property 42
10. Repairs................................................. 43
11. Buyer Indemnity and Seller Protection for Entry Upon Property    43
12. Title and Vesting....................................... 44
13. Sale of Buyer’s Property................................ 46
14. Time Periods;  Removal of Contingencies; Cancellation Rights..................................................... 47-51
15. Final Verification of Condition......................... 52
16. Liquidated Damages...................................... 53
17. Dispute Resolution .................................. 54-57
18. Prorations of Property Taxes and Other Items ........... 58
19. Withholding Taxes.................................... 59-60
20. Multiple Listing Service................................ 61
21. Equal Housing Opportunity............................... 61
22. Attorney’s Fees......................................... 61
23. Selection of Service Providers.......................... 61
24. Time of Essence; Entire Contract; Changes............... 63
25. Other Terms and Conditions.............................. 64
26. Definitions............................................. 65
27. Agency .............................................. 66-67
28. Joint Escrow Instructions to Escrow Holder........... 68-69
29. Broker Compensation from Buyer.......................... 70
30. Terms and Conditions of Offer........................... 70
31. Expiration of Offer..................................... 71
32. Broker Compensation from Seller......................... 72
33. Acceptance of Offer .................................... 73
V.. Confirmation of Acceptance.................................. 75
VI. Broker Section.............................................. 77
VII.................................. Escrow Holder Acknowledgement.. 79
VIII............................................ Rejection of Offer.. 81
IX. Disclaimers, References & Logos.......................... 83-84
X.. Buyer’s Inspection Advisory (BIA)........................ 85-90
XI. Counter Offer (CO)....................................... 91-96
XII.............................. Purchase Agreement Addendum (PAA) 99-108
Supplements
Supplements I: Types of CAR Purchase Agreements................ 111
Supplements II: Forms ......................................... 113
Authorization to Receive and Convey Information (ARC)....... 114
Buyer's Inspection Advisory (BIA)........................... 115
Buyer Material Issues (BMI)................................. 116
Cooperating Broker Compensation Agreement and Escrow Instruction (CBC)............................................................ 117
Cancellation of Contract (CC)............................... 118
Counter Offer (CO).......................................... 119
Contingency for Sale or Purchase of Other Property (COP).... 120
Contingency Removal (CR).................................... 121
Disclosure and Consent for Representation of More Than One Buyer or Seller (DA)............................... 122
Demand to Close Escrow (DCE)................................ 123
Extension of Time Addendum (ETA)............................ 124
Market Conditions Advisory (MCA)............................ 125
Notice to Buyer to Perform (NBP)............................ 126
Notice to Seller to Perform (NSP)........................... 127
Purchase Agreement Addendum (PAA)........................... 128
Receipt and Delivery of Notices to Perform (RDN)............ 129
Receipt for Reports (RFR)................................... 130
California Residential Purchase Agreement and Joint Escrow Instructions (RPA-CA)........................................... 131-138
Request for Repairs (RR).................................... 139
Statewide Buyer and Seller Advisory (SBSA).............. 140-141
Seller Financing Addendum and Disclosure (SFA).............. 142
Seller Property Questionnaire (SPQ)......................... 143
Notice of Your "Supplemental" Property Tax Bill (SPT)....... 144
Supplemental Statutory and Contractual Disclosures (SSD).... 145
Wood Destroying Pest Inspection and Allocation of Cost Addendum (WPA) 146
Supplements III: Review Quiz Answers ....................... 147