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Under the C.A.R. RPA, all of the following are standard contingencies that protect the buyer EXCEPT:

Correct Answer

B) The seller's duty to provide a home inspection report paid for by the seller before the contingency period begins

There is no standard C.A.R. RPA contingency requiring the seller to provide and pay for a home inspection report. While the seller must provide disclosures (TDS, NHD), the physical inspection is typically arranged and paid for by the buyer. The seller has no obligation to furnish a pre-paid inspection report as a contingency.

Answer Options
A
The investigation contingency allowing the buyer to inspect the property's physical condition within 17 days
B
The seller's duty to provide a home inspection report paid for by the seller before the contingency period begins
C
The appraisal contingency allowing the buyer to cancel if the appraised value is less than the purchase price
D
The loan contingency allowing the buyer to cancel if the buyer cannot obtain financing within 21 days

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Related Topics & Key Terms

Key Terms:

contingenciesinspectionappraisalloanRPA

Related Concepts

A purchase agreement is a legally binding contract between a buyer and seller that outlines the terms and conditions for the sale of real property. It is also commonly called a sales contract, purchase and sale agreement, or earnest money agreement.

Specific performance is a court-ordered remedy that compels the breaching party to fulfill their obligations under the contract rather than simply paying monetary damages. It is an equitable remedy used when monetary damages would be inadequate.

The Statute of Frauds is a legal requirement that certain types of contracts must be in writing and signed to be enforceable. In real estate, all contracts for the sale of land or interests in land must be in writing.

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