CRSP-12 and CRSP-12 Addendums Debut

Originally Published: 8/10/2012

Effective August 20, 2012, the FAR-9 Contract will be replaced with the Contract for Residential Sale and Purchase (CRSP-12). In addition, the Comprehensive Addendum (FARA-10) will be replaced with the CRSP-12 addenda. Please see the attached link to the summary list of the changes between the FAR-9 Contract and the CRSP-12 Contract. Considering the summary list consists of one page, the changes were not substantial and you will find most of the changes actually mirror the language used in the current FloridaRealtors/Florida Bar (FR/BAR) Contract forms.

Florida Realtors contacted several individuals to serve on a special ad hoc committee to review and revise the FAR-9 Contract, and Attorney Julie Horstkamp was fortunate to serve on the aforesaid committee. As Current Chair of the Florida Realtors/Florida Bar Realtor/Attorney Joint Committee, Julie was pleased that the individuals serving on this special committee really liked the language found in the FR/BAR Contract forms resulting in most of the FAR-9 changes to be similar to language used in the Florida Realtors/Florida Bar Contract forms. In fact, approximately 10 of the items listed in the summary list were to change the FAR-9 Contract to mirror language used in the FR/BAR Contract forms.   Maybe the FloridaRealtors/Florida Bar Joint Committee could revisit again the idea of merging both the FR/BAR and CRSP-12 in the possible near future and possibly have of chance of passing this time since the FR/BAR Contract forms are widely used today by most real estate agencies. Unfortunately, Florida Realtors forms are still being used by realtors with FR/BAR Contract forms and visa versa creating confusion when the paragraph references used in the Riders don’t match the contract forms. Basically, mixing the forms should be avoided if possible and only used when there is no reference to specific paragraphs in the Contract.

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