Many Realtors in Florida will begin using a new sales contract beginning Nov. 1, 2021. It's called the FR/BAR contract — shorthand for Florida Realtors/Florida Bar Association — but what's new and different from the current contract?
On this episode, attorney Ned Hale breaks down the new language and explains what's good, what's not-so-good and why Realtors, homebuyers and home sellers should care. As Ned explains, the 2021 revisions affect the sections on financing, calendar-driven deadlines, pandemics and appraisals and more.
Ned also advises Realtors that if they find the contract confusing, it's not their fault! Any confusion, he says, was caused by those who drafted the document.
Host: Jim Sanville. Producer: Jerry Johnson.