CA AB1720

Expands the Buyer's Choice Act to apply to residential real property (4 or fewer dwelling units) acquired at foreclosure sales or short sales, prohibiting sellers from requiring buyers to use particular title insurers or escrow agents as a condition of sale.

Requires sellers to provide buyers with a specified California "Buyer's Choice Act" notification form in 14-point boldface type disclosing the buyer's right to select their own title and escrow service providers.

Establishes procedures for offers submitted without identified service providers: sellers may accept the offer and then provide the notification form, or reject/counter the offer.

Prohibits sellers from conditioning approval of the sale on the buyer's service provider selections, but allows sellers to negotiate by offering to pay settlement service costs to incentivize acceptance of the seller's providers.

Imposes penalties of three times all charges for title insurance or escrow services on sellers who violate the act, with violators also subject to discipline by their licensing entities.