Looking for California Legal Advice on a transaction

[Riq H.]

I am the seller and the buy has not removed his contingencies by the specified date. I had already granted a 10 day extension and his loan has not been approved nor has he removed the loan contingency by the extended date. Assuming the standard California Realtors standard Purchase agreement, Am I entitled to collect his deposit? My realtor says I am not and If we issue a notice to perform we will not collect the deposit which doesn't make sense to me.