California Real Estate Practice 4th Edition, by Walt Huber and Arlette Lyons
Matching Vocabulary - Chapter 7
© 2005 Educational Textbook Company

a. Disclosure Regarding Agency Relationships
b. Walk-through
c. Wood Destroying Pest Inspection and Allocation of Cost Addendum
d. Physical Inspection Waiver
e. Counter offers
f. Request for Repair
g. Notice to Seller to Perform
h. Receipt for Reports
i. Buyer’s Inspection Advisory
j. Buyer’s Estimated Costs
 
 
1. ___ is done a few days prior to closing the sale, confirming that the property is in basically the same condition as when the offer was made, and that all the agreed upon repairs and/or alterations have been performed.
2. ___ an estimate of the total cost of the loan; calculated with the lender and various affiliates involved in the transaction.
3. ___ an agreement between seller and buyer on who will pay for the pest inspection and any needed repairs.
4. ___ can be made back and forth between the parties, when an offer isn’t accepted in its entirety.
5. ___ If the seller is not able or willing to perform the terms and conditions of the Purchase Agreement, the buyer’s agent forwards this form to the selling agent, advising that the buyer may cancel his or her offer.
6. ___ a form the buyer presents the seller when he or she wishes the seller to make repairs prior to closing; the seller is under no obligation to make any repairs
7. ___With this form, the buyer acknowledges which reports and disclosures he or she received and checks the appropriate contingency removals.
8. ___recommends obtaining and paying for qualified inspections before finalizing the transaction and must be signed by the buyer.
9. ___ explains the agency relationship being offered and is signed by both the agent and the buyer prior to any contract being written.
10. ___ a broker-generated form, intended to reduce agent/broker liability should a buyer decline a professional, physical inspection.