Most Brokers in Florida use a FARBAR "Contract For Sale and Purchase", which is a standard contract used in Residential Real Estate Transactions and is approved by the Florida Association of Realtors and the Florida BAR. When an owner will not make any concessions, such as repairs, in the sale of his or her home, then the listing broker office will use an "As Is Contract". These type of contracts are commonly used in Short Sale and/or REO/Bank owned sales, however according to Florida State law you always have the "right to inspect" the home before closing on it. If the inspection reveals any thing that you are not willing to repair and/or pay to have repaired yourself, then you have the right to cancel the contract and receive your escrow deposit back. - Fri Nov 27 2009, 08:58