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FAR/BAR
FAR/BAR refers to the joint committee of Florida Association of
Realtors and The Florida Bar that develops real estate forms approved by
both organizations. This is an officially licensed form that may be used
by real estate brokers, attorneys, investors or buyers and sellers of
real estate. The Far/Bar form has many commonly used provisions in
standard real estate contracts, such as clauses for financing
contingencies, property inspection, evidence of title and closing
procedures. The Far/Bar contract is well-known among real estate
professionals.
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Standardized FAR/BAR Real Estate Forms
Using a standardized FAR/BAR form
contract
greatly simplifies the Florida real estate purchase and sale
agreement by making it easy to read and review by people who are
familiar with the standard provisions. The person preparing the contract
may simply fill in the blanks. If one or more non-standard clauses are
needed for a particular transaction, the preparer may attach an addendum
containing custom clauses. Also, there are standardized addenda
available to cover some common situations. For example, a condominium
addendum may provide disclosures required for the purchase of a
condominium. A lead-based paint addendum may be used to disclose
knowledge of lead-based paint in a property.
The Far/Bar forms may be utilized by the general public (you are
not required to be a member, attorney or a realtor).
You can prepare the officially licensed forms quickly and easily using
Alta Star forms
products.
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FAR/BAR
