crop businessman giving contract to woman to sign

FAR/BAR Residential Contract and FAR/BAR “As Is” Residential Contract Revised as of August 1, 2024

What Changed?

The changes to both versions of the FAR/BAR Contracts result from the aftereffects of the groundbreaking National Association of Realtors (“NAR”) Settlement. Despite the historic nature of the settlement that gave rise to this change to the FAR/BAR contract, the change, itself, is of minor consequence.

Version 6xx of the FAR/BAR contracts differ from their predecessors in that Line 643, found on the last page of the contract, has been changed to remove the reference to “MLS” consistent with NAR’s agreement within the settlement to eliminate any offers of compensation from the MLS (“multiple listing service”).

crop businessman giving contract to woman to sign