Agreement shall continue through the date of closing. You would not extend it to Monday as the next business day but bump it back to Friday, February 23, since it calls for at least 5 days prior to Closing. Day 15 falls on July 17, 2016 which happens to be a Sunday. You might jump in and say "the closing date"? The cooling off rule is most commonly used in real estate contracts and considered valid when the cancellation rights are communicated at the time of sale and two copies of the cancellation form are provided by the salesperson . The important thing is to be aware of how time is computed in each of your deals and dont think all contracts are alike. Buyers and sellers in Florida must use a specific contract for any homes that are bought or sold as is. How is it similar? A Look at Florida Real Estate Contract Laws & Regulations | "AS IS" Residential Contract For Sale And Purchase A broker may place and maintain up to $5,000 of personal or broker funds in the brokers property management escrow account and up to $1,000 of personal or brokerage funds in the brokers sales escrow account. Tom | ALTA Blog | Dont let father time sneak up on your transaction this Fathers Day! . These two transaction coordinator checklist PDFs are included in today's free download (see below). 03/18/2016 at 03:41 AM. Number of buyers looking within their metro dropped 15.6% in 1Q, but the number looking elsewhere fell only 4.2%. 01/20/2016 at 12:17 PM. Also, some postal services allow customers to generate postage (instead of stamps) and create a log of each envelope that is post marked. 04/13/2016 at 11:13 PM. Northern Palm Beach County is a spectacular place to live and we know every inch of it. If anon-party puts the deposit down, a brokerage should consider an office policy to disclose the instructions to the non-party. [CDATA[// >