What are the laws governing real estate contracts?

Real estate contracts in California are governed by state laws, as well as the contract itself. A real estate contract is an agreement between two or more parties that outlines the terms and conditions for the purchase or sale of real estate. In California, all real estate contracts must be in writing and signed by all parties involved. In addition, all real estate contracts must include a detailed description of the real estate, including its location, size, type, and any other relevant information. In California, the terms of a real estate contract must be defined and specified in the written document. This means that the buyer and seller should clearly agree on the purchase price, terms of payment, closing costs, title transfer details, and any other relevant conditions. The California Department of Real Estate will review all real estate contracts to ensure that they are in compliance with state laws. All real estate contracts in California also must include a clause outlining the responsibility of the parties to comply with all local, state, and federal laws. Additionally, all real estate contracts must include provisions for the inspection of the real estate to ensure it is in the condition it was sold in. Lastly, all real estate contracts in California must include a clause addressing any warranties or guarantees the seller may be offering.

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What are the laws governing real estate contracts?

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