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What are the two types of real estate contracts 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).

What is a Florida farbar contract?

The Florida FAR-BAR contract is designed to make real estate sales easier. It allows those involved in real estate sales to simply and quickly input information and meet all the necessary requirements. It provides a reliable, consistent and legally binding agreement for all involved.

Can I cancel an as is real estate contract in Florida?

As provided by Florida law, buyers or sellers may cancel or rescind a real estate contract without facing a penalty. However, it is possible only under certain circumstances. For instance, state law provides a 15-day rescission period to buyers involved in contracts for residential condos (Fla. Sta.

What does a Florida as is contract mean?

In Florida, real estate sold as is means its 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.

What is the difference between as is and standard real estate contract in Florida?

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.

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