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Florida REALTORS Florida Bar Contract For Residential Sale and Purchase

March 5, 2026 1:00 PM - 5:00 PM (EST)

Description

4 CE

This course will familiarize students with the most widely used contract form in Florida.  This contract is a joint effort of the Florida Realtors and the Florida Bar. It’s used in all 67 counties by small and large Brokerages. Students will also discuss the Riders that can be used in circumstances where the standard contract by itself won’t accomplish the objectives of the parties.

  Objectives: After taking this class students will be able to: 

• Identify and accurately complete the appropriate addenda to use in any specific situation. 

• Explain the differences between assignment with recourse and without recourse. 

• List the timelines and parties for notification regarding mortgage commitments. 

• Define the difference to a buyer or seller of cosmetic V functional deficiency. 

• Accurately calculate the down payment and financing acquired to achieve the agreed upon price and terms. 

• Explains the rights of a seller regarding repairs in an AS-IS contract. 

• List the options available to a buyer when a seller defaults on a contract. 

• Contrast the difference between funding at closing and closing in escrow. 

• Allocate closing costs between the parties. 

• List the times (number of days) for cancellation between a condominium resale and a newly constructed condominium. 

• Define the difference between mediation and binding arbitration.

Instructor: Mike McGraw

Paperless Policy:
Starting January of 2026, education courses at RALSC will provide digital course materials only. As part of our ongoing commitment to sustainability and resource efficiency, RALSC has adopted a new paperless policy for all educational courses. Course materials and/or handouts will no longer be printed or available for purchase in hard copy form. All registered attendees will receive digital course materials via email prior to class, allowing you to download or print them for personal use if desired. Thank you for your cooperation and support as we work together to make RALSC a more environmentally friendly and progressive Association.

No-Show Policy:
We recognize that unexpected circumstances may occasionally prevent you from attending a scheduled class. If you need to cancel, please notify us at least 48 hours in advance by emailing Alisha Kissee Garcia at alisha@ralsc.org. Participants who do not attend a class or event without prior notice will not be eligible for a refund.

In the event of extraordinary circumstances—such as a medical emergency or unforeseen personal hardship—refund requests may be reviewed on a case-by-case basis. This policy supports our commitment to delivering high-quality educational experiences and ensures that available seats can be offered to members eager to participate.

Location

Please note that GPS can sometimes misdirect attendees to a nearby restaurant or the 7/11 gas station. To reach RALSC, continue past the Publix on Highway 19, heading toward Howey-in-the-Hills.
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Contact Information

Name: REALTORS ASSOCIATION OF LAKE & SUMTER COUNTIES (RALSC)
Email: membership@ralsc.org
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