FARBAR ASIS-1 Rev 704 - MLSCLUBcom 2025

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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.
An as is real estate contract means the property is sold in its current condition without warranties or repairs. Unlike a typical contract where repairs and negotiations are common, in an as is contract: The propertys condition is as it is.
Example Clause: The Buyer acknowledges that they are purchasing the property in an As Is condition. The Seller makes no representations or warranties concerning the propertys condition, fitness for any particular purpose, or compliance with any laws or regulations.
The Seller is selling the Property in As-Is condition, with all faults. The Buyer acknowledges and accepts that Buyer is purchasing the Property in its current condition and without any representations, guarantees, or warranties from Seller, either expressed or implied, as to suitability or condition.
Inspection period In general, there are two types of contracts that buyers can use to buy real estate in Florida: the standard Residential Contract for Sale and Purchase and the AS IS Residential Contract for Sale and Purchase. Both contracts allow buyers to cancel during the inspection period (usually 15 days).

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An as is purchase agreement addendum is attached to a real estate contract to add that the seller makes no warranties regarding the propertys condition.
BUYER ACKNOWLEDGES THAT BUYER IS BUYING THE PROPERTY AS IS AND WITH ALL FAULTS AS OF CLOSING WITH RESPECT TO ALL FACTS, CIRCUMSTANCES, CONDITIONS, AND/OR DEFECTS, AND WITHOUT ANY REPRESENTATIONS OR WARRANTIES, EXPRESS, IMPLIED, AND/OR STATUTORY, OF ANY KIND WHATSOEVER, BY SELLER AND/OR SELLERS AGENTS, BROKERS,