Important FAR-BAR Contract Changes and CFPB Resources

Oct. 3rd is approaching and changes are being made to the FAR-BAR contract!

October 3rd is swiftly approaching, and with it comes the new CFPB rules that govern residential mortgage transactions. Attorneys and real estate agents need to be aware that these new rules will affect standard contractual provisions. Several months ago, a joint committee of the Florida Realtors and the Florida Bar proposed several changes to the FAR-BAR contract to make it more useable in light of the upcoming events.

In this short video, I give an overview of these FAR-BAR changes and let you know about some resources that will be very helpful in your preparation for October 3rd.