STATEWIDE BUYER & SELLER ADVISORY RECEIPT
The California Association of Realtors has created a very comprehensive form called the “Statewide Buyer and Seller Advisory” that seemingly covers most things that could go wrong with a real estate purchase and warns buyer to hire a specialist in each and every area associated with a property purchase so as to minimize the possibility of discovering problems post-closing.
While most buyers will not heed the advice, the long advisory is nonetheless worth reviewing because it provides a roadmap as to what to look for during the diligence period. For the seller, the document provides advice and insulation against claims.
Both parties represent that they have reviewed the Statewide Buyer & Seller Advisory provided by the California Association of Realtors.