Right of Rescission?

[Eric Hairston]

Hello BP Community,

It is my understanding that in California, homeowners are allowed a right of rescission period of 5 days before any contract that they enter into is made binding. As someone who is starting out focusing mainly on assignments, is the homeowner's right of rescission applicable to me or to the end buyer? Also, would I inform the homeowners of this right verbally or have them sign a statement saying that they understand their right? How would such a statement look?
I understand that is a specific question but any input is well appreciated. Thanks for your time.