Aug. 1, 2024 Forms Update: View the 2024 Forms Update Comprehensive Guidelines document, which explains changes to several forms that were made as a result of the NAR settlement agreement.
About the Standard Agreement of Sale
The Standard Agreement for the Sale of Real Estate (Form ASR) is a contract for the sale of residential real estate containing commonly used clauses and the legal requirements for sales contracts in transactions involving real estate licensees.
Using the Standard Agreement of Sale
The Standard Agreement for the Sale of Real Estate should be used in transactions to outline the terms of the agreement between the buyer and seller. The standard agreement specifies details of the property including purchase price, buyer’s responsibilities and much more. The terms of the agreement can be altered to fit the parties’ unique transaction by using the library of addenda that have been specifically written to coordinate with the standard contract.
Latest Content
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What About the Agreement for the Sale of Commercial Real Estate’s Financing Contingency?
- November 8, 2024
- 4 min. read
When you buy a house, you use a residential agreement. When you’re buying a traditional commercial/industrial property, you’d likely want to use a commercial form. But what if the property isn’t quite as clear?
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Inspection Contingency: Terms to Consider for Buyer’s Written Corrective Proposal
- April 26, 2024
- 5 min. read
The inspection contingency of the Standard Agreement for the Sale of Real Estate (Form ASR) has three options. Boiled down, it’s take it, leave it or negotiate.
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How to Count
- February 24, 2023
- 4 min. read
There’s been a recent uptick in Legal Hotline calls about deadlines and the counting of days.
