California Real Estate Purchase Contract and Receipt for Deposit is a legally binding document that is used when entering into a real estate purchase agreement in the state of California. It outlines the terms of the sale, including the sale price, the conditions of sale, the buyer’s and seller’s responsibilities, and the receipt of the deposit. The contract also includes a disclosure statement of any known defects or issues with the property. There are two primary types of California Real Estate Purchase Contract and Receipt for Deposit: the standard purchase agreement and the escrow agreement. Both agreements require the buyer and seller to provide a receipt for the deposit, which typically ranges from 10-20% of the purchase price. The standard purchase agreement outlines the terms of the sale and any contingencies, while the escrow agreement outlines the requirements for the escrow funds, such as the transfer of title, recording of documents, and payment of taxes. The California Real Estate Purchase Contract and Receipt for Deposit is an important document that must be executed properly to ensure the smooth transition of the property from the seller to the buyer. It is important to review the document carefully and make sure all parties involved understand the terms to ensure a successful sale.