Professional Development

How to Submit Offers on FAR BAR AS IS Contract (FAR-BAR-AS-IS-OFFERS)


Description
This course will provide you with the skills and knowledge necessary to submit offers using the FAR/BAR AS-IS Contract successfully.

You'll learn how to read, interpret and complete the contract; understand standard provisions; identify common contingencies and timelines; create fair and comprehensive offer packages; and negotiate effectively.

Additionally, you'll receive guidance on best practices for collaborating with your clients throughout the offer process. Upon completion of this course, you'll have a better understanding of how to use the FAR/BAR AS-IS Contract to submit an offer that gets accepted.
Content
  • Introduction & Overview
  • Parties of Contract
  • 1: Property Description
  • 2: Purchase Price
  • 3: Acceptance Time
  • 4-5: Closing Date
  • 6: Occupancy & Possession
  • 7: Assignability
  • 8: Financing
  • 9: Closing Costs
  • 10: Disclosures
  • 11-12: Condition & Inspection
  • 13: Escrow Agent
  • 14: Professional Advice
  • 15-17: Default
  • 18: Standards (Part 1)
  • 18: Standards (Part 2)
  • 18: Standards (Part 3)
  • 18: Standards (Part 4)
  • 18: Standards (Part 5)
  • 19: Addenda Overview
  • 20: Additional Terms
  • Signatures & Finalizing Offer
Completion rules
  • All units must be completed