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4. CLOSING DATE: Unless modified by other provisions of this Contract, the closing ... releasing Buyer and Seller from all further obligations under this Contract.

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An “as-is” residential contract for sale and purchase is a contract a buyer and seller sign that stipulates that the seller will not pay for any repairs. With a conventional sale, there is usually room for negotiations regarding payment for repairs.

“FAR” stands for the Florida Association of Realtors (who have since shortened their name to Florida Realtors). Meanwhile “Bar” refers to the Florida Bar Association. The Far Bar contract is a standardized form for residential sale and purchase that was developed and approved by both of these entities jointly.

Appraisal Contingency This contingency requires that the buyer obtain, at his or her expense, a written appraisal of the property from a Florida-licensed appraiser. If this contingency is placed in the contract, the value of the appraisal must meet a certain minimum amount, as specified and agreed upon in the contract.

Navigation5 Essential Contract Clauses to Have on Hand “As Is” Clause. The “As Is” Clause is used by sellers to avoid having to disclose latent defects with the property. ... Home Sale Contingency. ... “Bump Out” Clause. ... Escalation Clauses. ... Backup Offer Clause.

What is the Florida FAR-BAR Contract? The Florida FAR-BAR contract is a 'standard form agreement' created by 'The Florida Bar' and 'Florida Association of Realtors'. The Florida FAR-BAR agreement is used in the sale of real estate in Florida.

Two are Florida Realtors/Florida Bar contracts(FR/Bar), the standard Residential Contract for Sale and Purchase and the “AS IS” version, and one is the Florida Realtors Contract for Residential Sale and Purchase (CRSP).

Required Elements of a Real Estate Contract To establish legality, a real estate contract must include a legal purpose, legally competent parties, agreement by offer and acceptance, consideration, and consent.

In Florida, real estate sold 'as is' means it's sold in the current condition. If the buyer inspects the property and notices a huge problem or the seller informs them of a potential problem, then the seller need not worry. The seller will not need to make repairs, regardless of their severity.

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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Content Takedown Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232