An agent uses RPI Forms 182 and 183 to waive contingencies and to cancel the transaction when a contingency is not satisfied.
Form-of-the-Week: Waiver of Contingency and Notice of Cancellation Due to Contingency — Forms 182 and 183
read more
Real Estate Principles
Prepare for the most critical issues you’ll encounter in your first years of practice.
Stay current on the latest news, videos, forms, and updates for Real Estate Principles.
Recent updates to the course e-book
- Effective January 1st, 2021, California homeowners qualify for a net equity homestead protection of up to $300,000 or the median sale price for a single family residence (SFR) in the homeowner’s county in the calendar year prior to the year in which they claim the exemption, not to exceed $600,000 (adjusted annually for inflation). [CCP §704.730] For more on this topic, see Form-of-the-Week: Homestead exemption, an asset preservation declaration – Form 465
06/25: The 2025 rules for buyer representation and fee-splitting avoidance are currently being edited into this e-book.
Newly published related content
Dual Agency
Timely disclosure of a dual agency when simultaneously representing the best interest of opposing participants in a transaction.
![MLO Recession Side Hustle Guide [e-book]](https://journal.firsttuesday.us/wp-content/uploads/MLO-ebook-title-page-400x250.png)
MLO Recession Side Hustle Guide [e-book]
Learn how mortgage origination providers will survive the ongoing downturn in mortgage originations with this RPI ebook.
REIT investment: playing the real estate game from the sidelines
What are Real Estate Investment Trusts (REITs) and why are they useful?
The liquidated damages provision and the breaching buyer’s deposit when prices decline
Agents need to be aware of the maximum dollar amount the seller is entitled to receive upon a buyer’s breach – especially when home prices are falling.
The breaching buyer’s responsibilities: Part 2
How does a buyer’s breach impact the seller’s ability to collect on a monetary loss in practice?
The breaching buyer’s responsibilities: Part 1
When does a buyer’s breach of a purchase agreement entitle a seller to recover money losses?
Bankruptcy’s tie to homeownership
Bankruptcy numbers were artificially low in 2020-2021. Prepare for today’s zombie businesses to fold with the 2023 recession.
Property prices and cost of capital test buyer readiness; Monthly Statistical Update (May 2023)
Yield spread emboldens the recession factor; The jobs recovery is leveling out – no surprise; Interest rates for borrowing drive pricing