Under Disclosed
This mandated agency document is used on every transaction, buy, sell, or lease, and should be signed by your clients before any other.
What is Agency Disclosure (AD)
California State Realtor Licensing and Auditing Authority
What is the Department of Real Estate (DRE)
CBKT
What is Coldwell Banker Kivett Teeters
Contract for Purchasing a Home in California
What is Residential Purchase Agreement
Brokerage firm represents both buyer and seller in a transaction
What is Dual Agency - consent is given from the client on the PRBS form (PRBS-B for buyer, PRBS-S for seller)
Form used by the seller to answer questions regarding property history. Updated in June 2026 to include water-conserving fixtures.
What is the Seller Property Questionnaire (SPQ)
Legally "Holds" Your License during your tenure in your brokerage
What is the Broker
MLS
What is a Multiple Listing Service
Name of form used if buyers fail to remove their inspection, loan or appraisal contingencies
What is Notice Buyer to Perform (NBP)
Assigning a client or property to another agent of brokerage
What is Referral
Part of the Transfer Disclosure Statement - Form used by Agent to inspect and disclose their observations on a property. (That should never read nothing noted)
What is Agent Visual Inspection Disclosure (AVID)
Lose your license with a misrepresentation of facts
What is Fraud
NAR
What is the National Association of Realtors
Required form if Seller wishes to rent back home after close of escrow less than 30 days
What is Seller in Possession (SIP)
Property sold below amount owed by trustors
What is Short Sale
Required in-house form notifying buyers and sellers that KT Services may be a separate company owned by the same company as CBKT
What is Affiliate Business Disclosure
Name of state tax authority that will suspend your license for failure to pay taxes
What is Franchise Tax Board
REO
What is Real Estate Owned (by bank)
Form used to force party to finish/close sale of property after all contingencies have been removed.
What is Demand to Close
Listing agreement where the listing agent exclusively represents the seller
Residential Listing Agreement
Often wrongly considered as only required with Homeowners' Associations, this document is often provided by the title or escrow company, stating conditions and restrictions on the use of the property.
What are Covenants, Conditions & Restrictions (CC&Rs)
The term for placing clients' funds entrusted to you into a personal or office general banking account will always result in the loss of your license.
What is "Commingling"
Form used to withhold taxes on properties sold by a foreign person (transferor)
FIRPTA- Foreign Investment in Real Property Tax Act
Contract required for purchase of owner-occupied residence in default.
What is Notice of Default Purchase Agreement (NODPA)
Judicial process where courts assign person(s) authorized to sell property for the estate of a deceased person with no will
What is Probate