Edit Legal California Real Estate Forms For Free

The California real estate license exam is made up of 150 multiple-choice questions to be completed over three hours at an in-person testing center. To pass the exam, you need to score 70% or higher.

The cancellation provisions are found in Paragraphs 14C (1) and (2), and in Paragraph 14E of the CA-RPA. Regardless of the reason, the seller must give some type of notice to the buyer, however (either a Notice to Perform or a Demand to Close Escrow) before the seller can cancel.

A failure to disclose material information concerning real estate is considered fraud and carries with it a relatively short three-year statute of limitations (California Civil Code section 338(d).)

The earnest money typically goes towards the buyer's down payment or closing costs. It is refunded to the buyer only upon certain contingencies specified in the contract. If the buyer cancels the contract outside of the contingencies, it is released to the seller.

The information requested in this form is primarily used to furnish license status information to the Department's Enforcement Section, and to answer inquiries and give information to the public on license status, mailing and business addresses and actions taken to deny, revoke, restrict or suspend licenses for cause.

The statute of limitations for negligence in California is generally 2-years, Code of Civil Procedure § 339. However, when there is damage or injury to real property, one would proceed under the 3-year statute of limitations in § 338(b) or the 3-year limitations period for fraud under § 338(d).