The California Association of Realtors® Residential Purchase Agreement (Form RPA) is a binding contract for the sale of property. When a buyer and seller agree to the terms of the California Residential Purchase Agreement, they are agreeing to take certain actions. These actions need to be taken within certain time periods.
Time is of the essence. The following information identifies
various contractual events in the timeline of a real estate transaction
according to the C.A.R. Residential Purchase Agreement and the time periods
within which the various event should occur. These timelines are according to
the default provisions in the contract.