Florida Realtors Florida Bar Contract For Sale and Purchase
December 9, 2021 @ 1:00 pm
This course will familiarize students with the most widely used contract form in Florida. This contract is a joint effort of the Florida Realtors and the Florida Bar. Itâ€™s used in all 67 counties by small and large Brokerages. Students will also discuss the Riders that can be used in circumstances where the standard contract by itself wonâ€™t accomplish the objectives of the parties.
Objectives: After taking this class students will be able to:
â€¢ Identify and accurately complete the appropriate addenda to use in any specific situation.
â€¢ Explain the differences between assignment with recourse and without recourse.
â€¢ List the timelines and parties for notification regarding mortgage commitments.
â€¢ Define the difference to a buyer or seller of cosmetic V functional deficiency.
â€¢ Accurately calculate the down payment and financing acquired to achieve the agreed upon price and terms.
â€¢ Explains the rights of a seller regarding repairs in an AS-IS contract.
â€¢ List the options available to a buyer when a seller defaults on a contract.
â€¢ Contrast the difference between funding at closing and closing in escrow.
â€¢ Allocate closing costs between the parties.
â€¢ List the times (number of days) for cancellation between a condominium resale and a newly constructed condominium.
â€¢ Define the difference between mediation and binding arbitration.
4 hours CE credit.