California CodesBusiness and Professions Code - BPCDivision 4 — Real EstatePart 1 — Licensing of PersonsChapter 1 — General ProvisionsSection 10029
“Real property sales contract” as used in this part is an agreement wherein one party agrees to convey title to real property to another party upon the satisfaction of specified conditions set forth in the contract and which does not require conveyance of title within one year from the date of formation of the contract.
Notes
Defines a “real property sales contract” as an agreement under which one party agrees to convey title to real property to another after specified contractual conditions are satisfied and that does not require title conveyance within one year after the contract is formed. Both conditional conveyance and delayed-conveyance characteristics are part of the definition.
Use as reference
Lexinter.net | California Code, Business and Professions Code - BPC § 10029 | https://laws.lexinter.net/codes/california/business-and-professions-code/division-4/part-1/chapter-1/section-10029