This form is a Contract for the sale of real estate for use in Florida. It can be used for a cash sale, assumption or new loan buyer. The contract contains provisions common to a real estate transaction. No broker involved.
Tampa Florida Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement
Category:
State:
Florida
City:
Tampa
Control #:
FL-00472
Format:
Word;
Rich Text
Instant download
Description
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How to fill out Florida Contract For Sale And Purchase Of Real Estate With No Broker For Residential Home Sale Agreement?
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FAQ
In Florida, a buyer broker agreement is not mandatory. Buyers can choose to work independently without an agent's involvement. However, if you decide to use a broker, having a formal agreement is beneficial. This agreement outlines the terms of your relationship, ensuring clarity and reducing potential misunderstandings.
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.
It is in fact one of the most common standard contracts used in Florida. The ?AS IS? Contract simply places no repair obligations on the seller, while the Standard Contract has default terms requiring that the seller make certain types of repairs up to a certain dollar amount.
A Florida Real Estate Contract must be in writing and contain the following, in order to be legally binding; The parties to the contract - Buyers and Sellers identification. Identification of the Real Property by means of a legal description and street address.
Under Florida law, contracts involving goods priced at $500 or more, promises to pay the debts of another, promises made in consideration of marriage, and promises that cannot be fulfilled within one year must be written to be valid.
A purchase agreement is the most common type of real estate agreement. This contract specifies the details regarding the sale of property.
While Florida law requires no particular form of contract for a real estate transaction, the FR/BAR Contract forms are the most utilized and well-recognized residential contract forms in Florida.
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.
All real estate contracts must include the following essential elements: The contract must be in writing. Names of parties to the contract. Address and legal description of the property being sold/purchased. Purchase price. Acceptance and counteroffer period. Closing date. Disclosures. Default/dispute resolution.
The ?AS IS? Heading It is in fact one of the most common standard contracts used in Florida. The ?AS IS? Contract simply places no repair obligations on the seller, while the Standard Contract has default terms requiring that the seller make certain types of repairs up to a certain dollar amount.