The Florida Realtors® Contract for Residential Sale and Purchase is widely used in Florida. It's also referred to as the CRSP form.
While many of the form's provisions are similar to the Far/Bar contract (a/k/a Fr/Bar contract)
, there are differences.
One significant difference is that way that disputes are handled. In the Florida Realtors® CRSP form, many unresolved disputes are resolved by arbitration.
In comparison, the Far/Bar contracts (Fr/Bar contracts) provide that unresolved disputes are resolved by a court of law.
Another important difference can be found between the Florida Realtors® CRSP form and the Far/Bar As-Is Residential Contract for sale and purchase. The Far/Bar As-Is contract (Fr/Bar As-Is Contract) does not require the seller to pay for repairs to the property. In contract, the CRSP for requires the seller to pay for certain repairs up to a limit the parties specify in the contract.
Other features of the CRSP form: