Debt purchase agreements (RPAs) are financing agreements that can release the value of a company`s receivables. Who should participate: each REALTOR® in the state of California participating in the sales contract process. Other issues need to be considered when considering a cross-border and not purely national RPP. Below are some important topics that sellers and buyers should evaluate when an RPA transaction involves multiple jurisdictions. The California Residential Purchase Agreement (RPA) form is the cornerstone of any successful real estate transaction in the State of California and there are several essential concepts, principles, and facts about this form that all REALTORS® should be aware of. Get detailed instructions on how to properly complete and use the RPA form step by step to better serve you and protect your customers! Main preparation of an offer using the RPA and the related forms. #0001 of DRE sponsor id [link to General Information page]. “I appreciate your publication and I read it religiously.” Gov Hutchinson, C.A.R. Assistant General Counsel Howard Fallman, C.A.R. Managing Senior Counsel Neil Kalin, C.A.R. Assistant General Counsel Guide for a Client Buyer or Seller with respect to the application of RPPs and related forms for their respective transaction. This is how they work: a “seller” sells his goods to a customer (1).
The customer becomes an “account debtor”, since he owes the seller a debt for these goods (2). A bank or other financier as a “buyer” then buys this debt in advance (3) through an RPP for an agreed purchase amount (4). When the debt is finally due, the payment is transferred by the account debtor to the buyer and not to the seller (5). Certification: This course is considered a subject of choice for obtaining the Certified Transaction Coordinator (CTC) certification. For more information about these certifications, see Certifications/Designations Learn how to create, modify, cancel, or close a transaction By selling their future receivables stream, a seller can better manage their cash flow without the burden of a loan that may contain stricter terms. . . .