This form is a Contract for the sale of real estate for use in Florida. It can be used for a cash sale, assumption or new loan buyer. The contract contains provisions common to a real estate transaction. No broker involved.
Port St. Lucie Florida Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement
Category:
State:
Florida
City:
Port St. Lucie
Control #:
FL-00472
Format:
Word;
Rich Text
Instant download
Description
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How to fill out Florida Contract For Sale And Purchase Of Real Estate With No Broker For Residential Home Sale Agreement?
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FAQ
The Five Elements of a Contract Offer. Acceptance. Consideration. Capacity. Lawful Purpose.
Required Elements of a Real Estate Contract To establish legality, a real estate contract must include a legal purpose, legally competent parties, agreement by offer and acceptance, consideration, and consent.
A Florida Real Estate Contract must be in writing and contain the following, in order to be legally binding; The parties to the contract - Buyers and Sellers identification. Identification of the Real Property by means of a legal description and street address.
The ?AS IS? Heading It is in fact one of the most common standard contracts used in Florida. The ?AS IS? Contract simply places no repair obligations on the seller, while the Standard Contract has default terms requiring that the seller make certain types of repairs up to a certain dollar amount.
While Florida law requires no particular form of contract for a real estate transaction, the FR/BAR Contract forms are the most utilized and well-recognized residential contract forms in Florida.
Florida law recognizes oral brokerage agreements as valid and enforceable. While the burden of proof is on the party who asserts an oral contract, and it is certainly more prudent to have a written agreement, a real estate broker or agent can still recover their commission even when there's no written contract.
We often get this question on Florida Realtors Legal Hotline: Is earnest money required to make a contract legal and binding? The short answer: no. Deposits often provide evidence of a buyer's commitment to the purchase, but they're not required by law.
Under Florida law, contracts involving goods priced at $500 or more, promises to pay the debts of another, promises made in consideration of marriage, and promises that cannot be fulfilled within one year must be written to be valid.
A purchase agreement is the most common type of real estate agreement. This contract specifies the details regarding the sale of property.