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Updates: Florida Realtors/Florida Bar Residential & AS IS Contracts

By Kymberly Franklin posted 09-30-2021 13:09

  

Updates: Florida Realtors/Florida Bar Residential & AS IS Contracts

A detailed look at the 2021 changes to the Florida Realtors/Florida Bar Residential Contract for Sale and Purchase, the “AS IS” version and 10 Riders.

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.

These revisions will replace the current versions of the contracts and riders on November 1.

   

WEBINAR: 2021 CHANGES TO RESIDENTIAL & AS IS CONTRACTS

This webinar with Florida Realtors® attorneys, which was recorded September 24, 2021, goes through the changes to Florida Realtors/Florida Bar AS IS Contract and Residential contracts, which go into effect November 1, 2021. Click here for more information about the changes and to see the contracts and to download the PowerPoint presentation from this webinar (password required).







WEBINAR POWERPOINT: Click here to download the slides (PowerPoint or PDF) from Dropbox.

REGARDING REDLINES: Any text on the redline documents below that is not BLACK reflects a change. The color of the text is of no consequence.

FLORIDA REALTORS UPDATES FR/BAR CONTRACTS AND RIDERS
The AS IS contract, Residential contract and seven Riders were updated, and three new Riders were created. Members will have time to study the changes before it replaces current forms on Nov. 1.

AS IS Residential Contract for Sale and Purchase

Residential Contract for Sale and Purchase

New riders

Updated riders

SUMMARY OF RIDER CHANGES

CR-6 B. Homeowners Association HOA - Community Disclosure

CR-6 E. FHA - VA

CR-6 L. Right to Inspect and Right to Cancel

CR-6 T. Pre-Closing Occupancy By Buyer

CR-6 U. Post-Closing Occupancy By Seller

CR-6 V. Sale Of Buyers Property

CR-6 W. Back-Up Contract

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