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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).
A real estate contract is also known as a real estate purchase and sale agreement, and standardized documents that have been approved by the Florida Association of Realtors and the Florida Bar, are generally used.
ing to Florida law, a buyer or seller is able to terminate a residential real estate contract and walk away from the deal without penalty by seeking rescission. Rescinding a real estate contract means the contract is considered to have no force and effect from the beginning or that the contract is canceled.
Under the Standard Contract, the seller has repair requirements that are set-forth in Section 9 of the Contract, while under the As-Is Contract, the seller is only responsible for maintaining the property in the same condition that it was in as of the effective date of the Contract.
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.
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The Florida Realtors Contract for Residential Sale and Purchase (CRSP) is calculated using business days. As such, if any deadline falls on a Saturday, Sunday or national legal holiday, performance is due on the next business day.
Under the Standard Contract, the seller has repair requirements that are set-forth in Section 9 of the Contract, while under the As-Is Contract, the seller is only responsible for maintaining the property in the same condition that it was in as of the effective date of the Contract.
FAR/BAR Standard Contract INSPECTION Under the FAR/BAR Standard Contract, the buyer has 15 days after the Effective Date of the Contract, or 5 days prior to closing, to complete inspections and deliver notice to the seller. The seller has 5 days to obtain repair estimates and deliver to the buyer.

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