How to Fill Out a Florida Realtor Purchase Contract
Chris at Cribfox (https://cribfox.com/) goes over how to fill out a standard Florida Realtor Association purchase contract in this tutorial video for real estate agents in FL.
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In Florida, a serious offer is typically submitted via a signed copy (by the buyer) of the standard Florida Realtor purchase contract.
If the seller "accepts" the offer, he/she simply counter-signs the contract and the terms of the contract automatically come into force.
Because the standard Realtor contract is more of a fill-in-the-blank form that isn't customarily edited, often times buyers will simply fill it out with their help of their buyer's agent.
Remember that it's not customary in Florida for the buyer and the seller to each have their own attorneys like in New York, where contracts are custom and heavily negotiated.
We will go over in this video a sample form, and explain what most real estate agents in the industry will understand the various parts to mean, and what is customarily done in transactions.
If you're unsure, we encourage you to use the default option (i.e. if left blank then x) as those are often the most customarily used options anyway.
Remember, as a real estate agent you must never give legal, financial or accounting advice, and this video is not intended to be as such.
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