|Download the provided copy of the California Associations of Realtors® Residential Purchase Agreement. Note that this document is owned and protected by the California Association of Realtors.
Read the entire contract carefully. This contract form is the result of many years of experience performing Real Estate transactions by professional Realtors®. Be aware that there is a history of litigation and/or legal precedent underlying each and every line in this contract. Make notes summarizing each numbered paragraph and subsection. Include in your notes comments on what purpose you think each paragraph is intended to accomplish. Write a 3 – 5 page paper in an MS Word Document discussing which paragraphs you think are the most important — and WHY. Upload your paper under this link
Think in terms of Risk Management to protect your clients, yourself and your Broker, why is it is important for Realtors® to use the standardized contracts supplied by C. A. R. when representing their clients.