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What Do These Forms Mean and When Do I Use Them?
Written Agreements Prior to Touring Property:
Florida Realtors Forms:
- Property Pre-Touring Agreement = "Coffee Date"
- Showing Agreement = "Dating"
- Exclusve Buyer Brokerage Agreement = "In a relationship"
Compensation Agreements:
Florida Realtors Forms:
Scenario: The Listing Broker is providing the offer of compensation to the Buyer's Broker, with seller's authorization. (Number 10 a. on the Exclusive Right of Sale Listing Agreement Transaction Broker)
Buye's Broker Form Recommendation: Compensation Agreement Sellers Broker to Buyer''s Broker Compensation Agreement
Scenario: The Seller is providing the offer of compensation to the Buyer's Broker, with seller's authorization, through the Listing Broker. (Number 10 b. on the Exclusive Right of Sale Listing Agreement Transaction Broker)
Buyer's Broker Form Recommendation: Compensation Agreement Seller to Buyer's Broker.
Sales and Purchase Contracts: There have been no updates to thiese form(s).
Reminder: As the REALTOR you are not a party to to the contract. The contract is between the seller and the buyer.
Scenario: At the instruction of your buyer, you write the Buyer's Broker compensation with the party paying the compensation, on the purchase contract.
Recommendation: Have an executed Seller to Buyer's Broker compensation form or Seller's Broker to Buyer's Broker compensation form, along with the language your buyer(s) instructed you to add in the purchase contract.
Always refer to your Broker and Brokerage Policy on which form(s) to use and who has permission to sign them.
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