The diversity of people, properties and situations in real estate transactions requires a diverse array of purchase agreements on which to write and submit an offer to acquire real estate.
Read MoreDownload the Form This form is used by a buyer broker when preparing an offer for their buyer-client to purchase an interest in other than one-to-four unit residential property. Your use of RPI Form 151 Purchase agreement...
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A buyer broker uses RPI Form 151 when preparing an offer to purchase income-producing real estate, excluding one-to-four unit residential property.
Read MoreDownload the Form This form is used by a buyer agent when employed by an entity as its sole agent, to render services necessary to acquire property. Your use of RPI Form 103.2 The “Buyer Representation Agreement” has long...
Read MoreDownload the Form This form is used by a buyer broker to be employed by individuals as their sole agent, to render services necessary to acquire property. Your use of RPI Form 103.1 The “Buyer Representation Agreement” has long...
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Demonstrate to your buyer and seller clients how broker fees are paid in RPI Forms 310 and 311.
Read MoreDownload the Form This form is used by a seller agent when preparing a listing/marketing package or performing a due diligence investigation on a unit in a common interest development (CID), to obtain homeowners’...
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A seller agent uses RPI Forms 135 and 309 to disclose the existence of an HOA on a subject property.
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A seller agent uses RPI Form 137 to request information from the Improvement District Office about Mello-Roos on a property listed for sale.
Read More![Form-of-the-Week: Purchase Agreement — for One-to-Four Residential Property — with Buyer Broker Fee Provision [RPI Form 150]](https://journal.firsttuesday.us/wp-content/uploads/purchase-agreement-1-627x376.jpg)
A buyer agent uses RPI Form 150 when preparing an offer for their buyer to purchase one-to-four unit residential property with a fee provision for disbursing the buyer broker fee from the purchase price.
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A broker and their agent use RPI Form 104 to arrange a mortgage with a buyer or owner of real estate or a holder of a trust deed note and RPI Form 119-1 to disclose to all parties the receipt of a mortgage-related fee in addition to a sales fee on the transaction.
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Always enter into a written employment agreement with the buyer using RPI Forms 103.1 and 103.2. Renew or extend the retainer period with RPI Form 103.1A or 103.2A.
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With new California legislation, it’s now mandatory practice for a buyers broker to enter into an employment agreement with buyer clients before a purchase agreement is submitted.
Read MoreDownload the Form This form is used by a buyer agent when presently retained under a buyer representation agreement by entities seeking to acquire an interest in a property, to extend the period of representation. Your use of...
Read MoreDownload the Form This form is used by a buyer agent when presently retained under a buyer representation agreement by individuals seeking to acquire an interest in property, to renew the period of representation for no greater...
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Unlike trade unions, RPI forms for decades has had methods for the buyers broker to set their own fees and disclose the fee amount to their buyer clients.
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A trust deed loan broker uses these forms when arranging the purchase by a trust deed investor of an existing trust deed note held out for sale to prepare an offer stating the price and conditions for purchase of the trust deed note, and when arranging a loan made by a trust deed investor collateralized by an existing trust deed note held by the borrower to prepare an offer by the investor for the borrower’s acceptance stating the terms and conditions for making the collateralized loan.
Read MoreThis form is used by a loan broker when arranging a loan made by a trust deed investor collateralized by an existing trust deed note held by the borrower to prepare an offer by the investor for the borrower’s acceptance stating the terms and conditions for making the collateralized loan.
Read MoreThis form is used by a trust deed loan broker when arranging the purchase by a trust deed investor of an existing trust deed note held out for sale, to prepare an offer stating the price and conditions for purchase of the trust deed note.
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These forms are used by a seller’s agent or escrow officer when preparing a purchase agreement or counteroffer for a real estate transaction when the transfer of personal property is included and when on a carryback sale the price includes the transfer of personal property which together with the property sold will be security for the carryback note, to grant the seller a security interest in the personal property.
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