As a seller’s market persists throughout Florida, more buyers enter into back-up contracts. Although the back-up contract rider is short, a few questions regularly drive members to call Florida Realtors Legal Hotline.
One Month Ago, FR/Bar Contracts Changed
Many Realtors study updates, but details can get hazy after a few months. However, Florida Realtors/Florida Bar help is still online, including the “talking contract,” videos and redline copies of the contracts….
NAR updated MLS rules at its recent convention, and Realtors may discover changes within their MLS on or before the Jan. 1 effective date. One change applies to marketing, however: A buyer’s agent can’t advertise their services as “free.”
Before trying to schedule a rooftop air conditioning inspection, a condo buyer should first find out who’s responsible for A/C maintenance – the unit owner or the association.
Contract lesson No. 1: Make sure one contract’s rider works with other contracts. Lesson No. 2: The Mold Inspection Rider only applies to the standard FR/Bar contract because the “AS IS” version doesn’t need it.