Course Name
RPA-CA – An Online Study

Course Length
1 hour

DRE Credit
 No

Who Should Take This Course
Real estate salespersons and brokers who want to increase their knowledge of the California Residential Purchase Agreement and Joint Escrow Instructions (C.A.R. Form RPA-CA) and related addenda.

Course Introduction
The California Residential Purchase Agreement and Joint Escrow Instructions (Form RPA-CA) is the cornerstone of every successful real estate transaction in the Golden State, and there are several essential concepts, principles, and facts about this form that all REALTORS® should know. 

Understand all the important terms of the contract and how to use this essential form to better serve your customers.

Chapters
1 – General Provisions
2 – Buyers and Sellers Advisories
3 – Covenants of the Offer
4 – Contingencies of the Offer
5 – Completed Contract
6 – The Buyer’s Deposit and Trust Fund Accounting
7 – Proper Handling of Buyer’s Deposit
8 – Agency Law
9 – Disclosures and the Purchase Agreement Addendum (PAA)

Subjects Covered

• General Provisions (Functions of the Form RPA-CA)
• Sections of the Form RPA-CA (Buyers and Sellers Advisories, Covenants of the Offer, Contingencies)
• Completed Contract (Commitments Made When Signing the Form RPA-CA, How Covenants and Contingencies Work)
• The Buyer’s Deposit and Trust Fund Accounting (Good Faith Deposit, Responsibilities)
• Proper Handling of Buyer’s Deposit (Initial Deposit, Increased Deposit, Receipts for Increased Deposit/Liquidated Damages, Inspection and Report Costs, Escrow and Title Costs)
• Agency Law (3 Steps of the Agency Law, Disclosure, Election, How You Get Paid, Statutory Disclosures)
• Disclosures and the Purchase Agreement Addendum (Form PAA) (Lead Based Paint, Local Option Disclosures, What the Form PAA Is and Does)

• Identify the various functions of the Form RPA-CA
• Recognize the requirements associated with contingencies and covenants in an offer to purchase
• Identify the elements necessary for a valid contract
• Handle the buyer’s deposit properly
• Provide appropriate agency disclosure to buyers and sellers
• Determine the means by which compensation is paid for a successful sales transaction
• Identify the appropriate disclosures, notices, agreements, and addenda to provide for a specific real estate sales transaction
• Work with buyers and sellers in a more informed manner