Standard Agreement for the Sale of Real Estate

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.