Here is a complete list of questions real estate agents ask their broker about contingencies in the Residential Purchase Agreement (RPA) — specifically the California Association of REALTORS® version — along with detailed explanations. These questions reflect all possible concerns agents face when guiding buyers or sellers through contingency-related decisions.

📋 Contingencies in the RPA – Broker FAQs From Agents

🔍 GENERAL UNDERSTANDING

  1. What is a contingency in the RPA?

Explanation:
A contingency is a contractual condition that must be satisfied before the buyer is obligated to close escrow. If the condition isn’t met, the buyer may cancel the contract without penalty.

  1. What are the standard contingencies in the California RPA?

Explanation:

  • Investigation of Property (Inspection) – default: 17 days
  • Appraisal – default: 17 days
  • Loan (Financing) – default: 21 days
  • Other contingencies may include sale of buyer’s property, title review, HOA document review, etc.

🗓️ TIMING & DEADLINES

  1. When do contingency periods begin?

Explanation:
They begin the day after acceptance of the offer (i.e., once both parties sign and deliver the contract).

  1. Can contingency periods be shortened or extended?

Explanation:
Yes. They can be customized in the offer, counteroffer, or later extended by mutual written agreement using a form like CAR Form ETA (Extension of Time Addendum).

  1. What happens if a contingency deadline passes and the buyer hasn’t removed it?

Explanation:
The seller can issue a Notice to Perform (CAR Form NBP), giving the buyer 2 additional days to remove the contingency or risk cancellation by the seller.

REMOVAL OF CONTINGENCIES

  1. How does a buyer remove contingencies?

Explanation:
In writing, using CAR Form CR (Contingency Removal). The form specifies which contingencies are being removed (one or all).

  1. Can contingencies be removed verbally?

Explanation:
No. All contingency removals must be in writing to be legally valid.

  1. Can contingencies be removed individually?

Explanation:
Yes. For example, the buyer can remove the inspection contingency while keeping the loan or appraisal contingency in place.

  1. What is “removal of all contingencies”?

Explanation:
This is a statement that the buyer has completed all investigations and removed all conditions. It makes the contract non-contingent, meaning the buyer is now fully committed.

  1. Is there a form to remove all contingencies at once?

Explanation:
Yes. CAR Form CR has a checkbox to remove all contingencies at once, often used before loan docs are released.

FAILURE TO REMOVE OR CANCEL

  1. Can a buyer cancel the contract after removing all contingencies?

Explanation:
Only with the seller’s agreement. The buyer risks losing the earnest money deposit under the liquidated damages clause if they cancel after removing contingencies.

  1. What happens if the buyer doesn’t remove contingencies and refuses to cancel?

Explanation:
The seller may cancel the contract only after issuing a Notice to Perform and waiting two days.

  1. Can a seller cancel if the buyer misses a contingency deadline?

Explanation:
Not immediately. The seller must first deliver a Notice to Perform, giving the buyer 2 days to comply.

  1. What happens to the buyer’s deposit if they cancel before removing contingencies?

Explanation:
The deposit is typically refunded in full, provided cancellation is within the contingency period.

🛠️ SPECIFIC CONTINGENCIES

  1. What is the inspection contingency used for?

Explanation:
To allow the buyer time to conduct property inspections, review disclosures, and investigate the neighborhood.

  1. What is the loan contingency for?

Explanation:
To allow time for the buyer to secure loan approval from their lender.

  1. What is the appraisal contingency for?

Explanation:
To protect the buyer if the appraised value is lower than the purchase price. The buyer can cancel or renegotiate.

  1. Can the buyer waive the loan or appraisal contingency?

Explanation:
Yes — either in the initial offer or later using Form CR. However, waiving them increases buyer risk if the loan is denied or the appraisal is low.

  1. Is there a title contingency?

Explanation:
Yes. The RPA gives the buyer time to review the preliminary title report. It can be negotiated or shortened.

  1. What about a contingency to sell the buyer’s current home?

Explanation:
This is a non-standard contingency, included using CAR Form COP (Contingency for Sale of Buyer’s Property). The seller must agree to it.

💬 AGENT STRATEGY & NEGOTIATION QUESTIONS

  1. Should my buyer remove contingencies early to get their offer accepted?

Explanation:
Only if they understand and accept the risks. Brokers often recommend against removing contingencies prematurely unless inspections, loan, and appraisal are complete.

  1. Can the seller counteroffer to shorten the contingency periods?

Explanation:
Yes. Sellers often counter with shorter deadlines to make the buyer more committed earlier.

  1. Can contingencies be re-instated once removed?

Explanation:
No. Once contingencies are removed in writing, they cannot be reinstated unless the seller agrees to a new contingency through an amendment.

  1. How do I explain the contingency process to my client?

Explanation:
Brokers often advise agents to compare contingencies to “escape clauses” — they give the buyer time to investigate, secure financing, and walk away if needed without penalty (until removed).

  1. Do contingencies delay escrow closing?

Explanation:
They can if not managed properly. That’s why brokers often recommend agents track contingency deadlines and proactively handle removals or extension requests.

📌 Helpful Forms Involving Contingencies

Form Purpose
RPA Main agreement outlining all contingencies
CR (Contingency Removal) Used to remove one or all contingencies
NBP (Notice to Buyer to Perform) Used by seller to demand contingency removal
ETA (Extension of Time Addendum) Used to extend contingency deadlines
COP (Contingency for Sale of Property) Used when buyer must sell another home