Florida Realtors Releases New Buyer Representation Forms

Posted by: Kristen Oriente on Monday, June 24, 2024

Florida Realtors has released four new forms — two compensation agreements and modification forms, for each compensation agreement. All are now available for download on Form Simplicity. (Login required)

These new forms aim to provide maximum flexibility to compensation arrangements in the transaction and are designed to allow the participants in a real estate transaction to memorialize compensation arrangements.

Form 1: Compensation Agreement - Seller to Buyer's Broker (CASB-1).

This new form is a compensation arrangement in which the seller agrees to compensate the buyer's broker for procuring a buyer for a listed property. Click here.

Form 2: Compensation Agreement - Seller's Broker to Buyer's Broker (CABB-1).

This agreement memorializes any agreement between the brokers. The seller's broker, also known as the listing broker, to compensate the buyer's broker for the listed property. This agreement is property specific, and the arrangement between the brokers should relate to the listed property, not serve as a blanket agreement between the brokerages. Click here.

Form 3: Modification to Compensation Agreement - Seller to Buyer's Broker.

This form allows the parties to make changes to any material terms of the underlying compensation agreement between the seller and the buyer's broker. Click here.