Civil Code §2985. Real Property Sales Contract Defined.
(a) A real property sales contract is an agreement in which one party agrees to convey title to real property to another party upon the satisfaction of specified conditions set forth in the contract and that does not require conveyance of title within one year from the date of formation of the contract.
(b) For purposes of this chapter only, a real property sales contract does not include a contract for purchase of an attached residential condominium unit entered into pursuant to a conditional public report issued by the Bureau of Real Estate pursuant to Section 11018.12 of the Business and Professions Code.
(Amended by Stats. 2013, Ch. 352, Sec. 53. Effective September 26, 2013. Operative July 1, 2013, by Sec. 543 of Ch. 352.)