At the heart of every real estate transaction stands the contract for sale and purchase. But what do its provisions really mean? How does it govern the parties’ performance? Is the real estate broker a party to the contract or a third party beneficiary? Is the settlement agent a party to the contract? Is the contract even valid in the first place? This seminar gives you the tools to answer these questions and more through an examination and review of the important principles of Florida real estate contract law. We will explore these principles in the context and against the backdrop of the 2013 FR/BAR contract documents as well as other commonly used form contracts, including relevant riders and “AS/IS” variants. In addition, the course will cover various contractual deadlines and the preparation of timelines, checklists, and tools for monitoring performance on the part of the buyer, seller, and settlement agent. This is one of the Legal Education Department’s Transactional Foundations series of seminars geared for real estate attorneys and their paralegal staff. It is designed to provide practical education and training in preparing, reading, interpreting, and understanding residential contracts for sale and purchase of real property within the context of current principles of Florida contract law. This seminar is approved for 3.5 general CLE credits and .5 ethics credit with the Florida Bar, and 3 hours of continuing education with NALA and DFS.
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