Updated forms include the Commission Agreement and Vacant Land Listing Agreement to incorporate changes resulting from the NAR settlement.
ORLANDO, Fla. — Florida Realtors® released new and updated forms Tuesday to help Realtors® as they incorporate the practice changes required for the proposed National Association of Realtors® settlement agreement following the Sitzer-Burnett verdict.
The forms are located on Form Simplicity.
Updated forms:
- Commission Agreement (CA-8): Updated with the required compensation disclosure language for NAR settlement compliance. Also, replaced the term “Prospect” with the term “Consumer” throughout the form to keep consistent with the Showing Agreement and Exclusive Buyer Brokerage Agreements. Click here to preview changes.
- Vacant Land Listing Agreement (VLLA-5): Updated with the compensation section and added the compensation disclosure language for the NAR settlement compliance. Click here to preview changes.
- Limited Service Listing Agreement (LSLA-4) Updated with the compensation section and added the compensation disclosure language for the NAR settlement compliance. Click here to preview changes.
- Exclusive Right of Sale Listing Agreement – Commercial (ERS-9cp): Even though not required by the NAR settlement, the compensation section added the compensation disclosure language to remain consistent with all Florida Realtor listing agreements. Click here to preview changes.
New form:
- Compensation/Concession Addendum Related to Buyer’s Broker (CARB-1): New form to allow the parties to agree to concessions or contingency that relates to the Buyer’s broker being compensated. This form can be used with the Contract for Residential Sale and Purchase (CRSP16xxx), Vacant Land Contract(VAC-14xxx) and the Commercial Contract (CC-5xx). Click here to preview.
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