@traveler98 No we never felt misled about their AP policy. I don’t recall if it was mentioned at the info session we attended (probably was), but their website clearly states:
@ucbalumnus I don’t know about how the 3+2 agreements work or how many people complete the requirements. I know that they only accepted one transfer for this fall and a few more than that previous years. Transfer applicants must take a “Caltech Transfer Entrance Examination” in both mathematics and physics," The sample test says that it covers: