Compliance
The buyer has completed inspections and wants the seller to fix several items before closing. You will need this CAR Form to formally make that request
What is Request for Repairs?
Passed in 1978, this landmark California constitutional amendment capped general real property taxes at 1% of assessed value and limited annual assessment inflation adjustments to a maximum of 2%.
What is Proposition 13?
In California residential sales involving 1-to-4 dwelling units, sellers must deliver this mandatory standard document detailing known structural defects and property conditions to the buyer before title transfer. Please provide the full name! (No abbreviation)
What is the Transfer Disclosure Statement?
This notice gives the other party two days to perform a contractual obligation before certain remedies may become available. HINT: 2
What is A Notice to Buyer to Perform or Notice to Seller to Perform?
In California, this is a regulatory tracking mechanism used by local cities and counties to control commercial advertising, prevent litter and protect consumer safety.
What is a Handbill Permit Number?
An agent walks through a home and notices a large water stain on the ceiling. This CAR form is specifically designed for the agent to document this
What is an AVID (Agent Visual Inspection)?
Enforced by local cities and counties rather than the California Department of Real Estate (DRE), this state law governs the physical planning, street layouts, and public improvements of land subdivisions.
What is the Subdivision Map Act?
This contingency protects a buyer if they are unable to sell their current home before purchasing another.
What is a Sale of Buyers Property Contingency?
A financial deposit made by the buyer to demonstrate good faith when entering into a purchase agreement, usually held in an escrow account.
What is Earnest Money or EMD?
To pass the California salesperson exam, an applicant must correctly answer at least this percentage of questions.
What is 70%
This form is used when a seller wants to counter multiple buyers rather than making a counter offer to just one buyer.
Seller Multiple Counter Offer
Enacted in 1995, this state statute severely restricts municipal rent control powers by exempting single-family homes, condos, and post-1995 construction, while guaranteeing landlords vacancy decontrol.
What is the Costa-Hawkins Rental Housing Act?
Even when a seller (such as a probate estate, trustee, or foreclosing lender) is statutorily exempt from issuing the TDS under Civil Code Section 1102.2, listing agents use this C.A.R. form to ensure the seller still fulfills their common-law duty to disclose known material facts.
What is the Exempt Seller Disclosure (ESD?)
If a buyer breaches a contract, this clause allows the seller to keep the earnest money deposit as the sole agreed-upon penalty for damages.
What is a liquidated damages clause?
The default marital property system in California where assets and real estate acquired during marriage are owned equally by both spouses.
What is Community Property?
This form is used when a party is being added to the contract after it’s ratified.
What is an Assignment of Agreement Addendum?
This landmark 1984 California court ruling established that real estate agents owe buyers an affirmative duty to conduct a reasonably competent and diligent visual inspection of accessible property areas, directly leading to the creation of the Transfer Disclosure Statement (TDS).
What is Easton vs. Strassburger?
These are the 3 disclosure obligations of a Seller.
What is 1. Contractual 2. Civil/Legal 3. Statutory
If a buyer has removed all contingencies but fails to deposit remaining funds or complete the transaction on time, a seller cannot unilaterally cancel the contract without first serving this specific 3-day notice form.
What is a Demand to Close Escrow?
The illegal practice where a real estate licensee mixes client trust funds with personal or brokerage bank accounts.
What is Commingling?
The maximum amount of liquidated damages a seller can generally retain from a residential buyer's deposit, when the statutory requirements are met.
What is 3% of the purchase price?
Passed by voters in 1996 as the “Right to Vote on Taxes Act” this constitutional amendment closed Proposition 13 loopholes by requiring local voter approval for general/ special taxes and placing strict weighted-vote requirements on local property assessments.
What is Proposition 218?
Under California Civil Code Section 2079.14, a buyer's agent must deliver the statutory Disclosure Regarding Real Estate Agency Relationship (Form AD) to the prospective buyer prior to this exact contractual action.
What is the execution of the buyers purchase order?
Under current C.A.R. purchase contract provisions, even if a buyer assigns the contract to a newly created entity they own, the original buyer remains personally liable for contract performance unless the seller signs this specific legal agreement.
What is a Novation (or Release of Liability?)
The two biggest reasons for a lawsuit.
What is Seller Failure to Disclose & Failure to Disclose.