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ORLANDO, Fla. – Your interactions with buyers and the terms of compensation between buyer and seller brokers change in 31 days. Here’s a recap of what’s available from Florida Realtors to help with the new requirements.
Latest: Florida Realtors has released four new buyer compensation forms. Plus: Links to additional resources related to the NAR settlement.
New & updated forms
There are four new forms:
Compensation Agreement – Seller to Buyer’s Broker
Compensation Agreement – Seller’s Broker to Buyer’s Broker
Modification to Compensation Agreement – Seller to Buyer’s Broker
Modification to Compensation Agreement – Seller’s Broker to Buyer’s Broker
Watch this video with Juana Watkins, Florida Realtors General Counsel, that explains the new commission forms.
Plus, four Exclusive Buyer Brokerage Agreements have been revised and simplified to improve their usability and bring them into compliance with the National Association of Realtors® settlement agreement.
These eight forms are available on Form Simplicity.
Learning resources
Free webinar: “Buyer Representation – What You Need to Know” (No CE)
Date: Tuesday, August 6, 2024 Time: 1-2:30 p.m. ET CLICK HERE TO REGISTER
Date: Tuesday, September 17, 2024 Time: 9:30-11 a.m. ET Registration information will be available soon at floridarealtors.org/NAR-Settlement
In this webinar you will learn:
How we got to where we are and why
What is required as of 8/17
Understand Florida “agency relationships” and Buyer Representation
Forms: Buyer Broker Agreements, New Compensation Agreements, Showing Agreements
Free Webinar: Understanding Buyer Broker Agreements and How to Implement Them (3 CE hours)
Date: Tuesday, October 22, 2024Time: 9 a.m.-noon ETCLICK HERE TO REGISTER
Date: Tuesday, November 5, 2024Time: 9 a.m.-noon ETCLICK HERE TO REGISTER
After taking this class students will be able to:
Explain the importance of working exclusively with a buyer
Determine which agreement is appropriate when
Understand how written agreements protect both the customer and the brokerage
Recognize what an exclusive representation means when working with a buyer
Comprehend what types of agency relationships are authorized with an exclusive buyer-broker agreement
Clarify to a buyer the importance of the agreement and how to present it
Save the date
Forms Update webinar and Live Q&A with Juana Watkins, Florida Realtors General Counsel
Date: Tuesday, July 30, 2024Time: 10-11:30 a.m. ET
Registration information will be available soon at floridarealtors.org/NAR-Settlement
