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Florida Realtors Updates FR/Bar Contracts and Riders

By Kymberly Franklin posted 09-07-2021 12:31

  


Florida Realtors and the Florida Bar work together to keep FR/Bar contracts current and useful, and the latest update has just received final approval from both groups. Members will have time to study the changes before it replaces current forms on Nov. 1. The AS IS contract, Residential contract and seven Riders were updated, and three new Riders were created.

ORLANDO, Fla. – Revisions to the Florida Realtors/Florida Bar Contract for Sale and Purchase (FR/Bar) – both the AS IS and the Residential – have recently been approved and contain numerous changes. In addition, seven Riders have been updated and three new Riders were created. The update gives members time familiarize themselves with the changes and goes into effect on Nov. 1, 2021.

“Laws, technology practice and society change over time, and Florida Realtors® updates its forms every few years to respond to those changes,” says Juana Watkins, Florida Realtors vice president of law and policy and general counsel. “A great deal of time and energy went into these updates. The Realtor and attorney members of the Joint Statewide Realtor Attorney Committee dedicated hours and hours of their time, and they deserve our gratitude.”

Watkins says no contract can ever be perfect as long as the world keeps changing, but the FR/Bar contract has been tested over the years, and many of the new updates originated as suggestions from Realtor members.

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