The Florida Bar/FAR Contract
The FAR/BAR contract is the standard residential purchase and sale agreement jointly approved by The Florida Bar and the Florida Association of Realtors. It is the most widely used purchase contract in Florida real estate.
Key Provisions
- Paragraph 5: Closing date and location
- Paragraph 8: Title evidence and insurance requirements
- Paragraph 9: Closing costs allocation (buyer vs. seller)
- Paragraph 12: Inspection period and cancellation rights
- Paragraph 15: Default and remedies (liquidated damages)
- Paragraph 18: Risk of loss between contract and closing
- Financing addendum: Loan terms and commitment deadline
Standard Riders
- "As-is" rider for properties sold without repair obligations
- Lead-based paint disclosure (pre-1978 properties)
- Property disclosure forms
- HOA/condo rider with association document review period
Modifications
Any provision can be modified through written addenda signed by both parties. Significant changes should be reviewed by a real estate attorney.
Related Terms
- Contract — The purchase agreement
- Closing — Governed by the contract terms
- Earnest Money — Deposit provisions in the contract
Barnes Walker Real Estate
Barnes Walker's real estate attorneys review and negotiate FAR/BAR contracts for Florida buyers and sellers, ensuring proper protection. Request a legal inquiry for assistance.
Reviewed by the attorneys at Barnes Walker, Goethe, Shea & Robinson, PLLC