ExclusiveRightofSaleListingAgreement
1ThisExclusiveRightofSaleListingAgreement(“Agreement”)isbetween
1.AuthoritytoSellProperty:SellergivesBrokertheEXCLUSIVERIGHTTOSELLtherealandpersonal
5property(collectively“Property”)describedbelow,atthepriceandtermsdescribedbelow,beginning 6____________________andterminatingat11:59p.m.on____________________(“TerminationDate”).Upon 7fullexecutionofacontractforsaleandpurchaseoftheProperty,allrightsandobligationsofthisAgreementwill automaticallyextendthroughthedateoftheactualclosingofthesalescontract.SellerandBrokeracknowledge
10color,religion,sex,handicap,familialstatus,nationalorigin,oranyotherfactorprotectedbyfederal,state,orlocal law.Sellercertifiesandrepresentsthatshe/he/itislegallyentitledtoconveythePropertyandallimprovements.
3.PriceandTerms:ThepropertyisofferedforsaleonthefollowingtermsoronothertermsacceptabletoSeller:
SellerFinancing:Sellerwillholdapurchasemoneymortgageintheamountof$ 24 25withthefollowingterms:
26AssumptionofExistingMortgage:Buyermayassumeexistingmortgagefor$___________________plus 27anassumptionfeeof$____________________.Themortgageisforatermof______yearsbeginningin 28______,ataninterestrateof______%fixedvariable(describe)_____________________________. Lenderapprovalofassumptionisrequiredisnotrequiredunknown.NoticetoSeller:(1)Youmay
lendertodeterminetheextentofyourliability.Sellerwillensurethatallmortgagepaymentsandrequired 31 32escrowdepositsarecurrentatthetimeofclosingandwillconveytheescrowdeposittothebuyeratclosing. (2)ExtensiveregulationsaffectSellerfinancedtransactions.Itisbeyondthescopeofarealestatelicensee’s
authoritytodeterminewhetherthetermsofyourSellerfinancingagreementcomplywithallapplicablelawsor
whetheryoumustberegisteredand/orlicensedasaloanoriginatorbeforeofferingSellerfinancing.Youare
36advisedtoconsultwithalegalormortgageprofessionaltomakethisdetermination.
(c)SellerExpenses:Sellerwillpaymortgagediscountorotherclosingcostsnottoexceed______%ofthe
purchasepriceandanyotherexpensesSelleragreestopayinconnectionwithatransaction.
4.BrokerObligations:BrokeragreestomakediligentandcontinuedeffortstosellthePropertyinaccordancewith
40thisAgreementuntilasalescontractispendingontheProperty.
5.MultipleListingService:PlacingthePropertyinamultiplelistingservice(the“MLS”)isbeneficialtoSeller 41 becausethePropertywillbeexposedtoalargenumberofpotentialbuyers.AsaMLSparticipant,Brokeris 42 43obligatedtoenterthePropertyintotheMLSwithinone(1)businessdayofmarketingthePropertytothepublic 44(seeParagraph6(a))orasnecessarytocomplywithlocalMLSrule(s).Thislistingwillbepublishedaccordinglyin theMLSunlessSellerdirectsBrokerotherwiseinwriting.(Seeparagraph6(b)(i)).SellerauthorizesBrokerto 45 46reporttotheMLSthislistinginformationandprice,terms,andfinancinginformationonanyresultingsaleforuse byauthorizedBoard/AssociationmembersandMLSparticipantsandsubscribersunlessSellerdirectsBroker 47 48otherwiseinwriting.
Seller(_____)(_____)andBroker/SalesAssociate(_____)(_____)acknowledgereceiptofacopyofthispage,whichisPage1of4. ERS-19tbRev3/2024
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6.BrokerAuthority:SellerauthorizesBrokerto:
(a) 50MarketthePropertytothePublic(unlesslimitedinParagraph6(b)(i)below):
(i) 51Publicmarketingincludes,butisnotlimitedto,flyers,yardsigns,digitalmarketingonpublicfacing 52websites,brokeragewebsitedisplays(i.e.IDXorVOW),emailblasts,multi-brokeragelistingsharing 53networksandapplicationsavailabletothegeneralpublic.
54 office.
(ii)PublicmarketingalsoincludesmarketingthePropertytorealestateagentsoutsideBroker’s
55
(iii) 56PlaceappropriatetransactionsignsontheProperty,exceptifParagraph6(b)(i)ischeckedbelow.
57 58DisplaythePropertyontheInternetexceptthestreetaddress.
(iv)UseSeller’snameinconnectionwithmarketingoradvertisingtheProperty.
(b) 59NotPubliclyMarkettothePublic/SellerOpt-Out:
(i.)SellerdoesnotauthorizeBrokertodisplaythePropertyontheMLS.
(ii.)SellerunderstandsandacknowledgesthatifSellerchecksoption6(b)(i),aForSalewillnotbeplaced
(iii.)SellerunderstandsandacknowledgesthatifSellerchecksoption6(b)(i),Brokerwillbelimitedto
marketingthePropertyonlytoagentswithinBroker’soffice. 64 ________/__________InitialsofSeller65 (c) 66Obtaininformationrelatingtothepresentmortgage(s)ontheProperty. (d) 67Provideobjectivecomparativemarketanalysisinformationtopotentialbuyers.
(e)(Checkifapplicable)UsealockboxsystemtoshowandaccesstheProperty.Alockboxdoesnot 68 ensuretheProperty’ssecurity.Sellerisadvisedtosecureorremovevaluables.Selleragreesthatthelock
boxisforSeller’sbenefitandreleasesBroker,personsworkingthroughBroker,andBroker’slocalRealtor
71Board/Associationfromallliabilityandresponsibilityinconnectionwithanydamageorlossthatoccurs. Withholdverbaloffers.WithholdalloffersonceSelleracceptsasalescontractfortheProperty.
72 (f) 73Actasatransactionbroker.
(g)VirtualOfficeWebsites:Somerealestatebrokeragesofferrealestatebrokerageservicesonline.These
74 75websitesarereferredtoasVirtualOfficeWebsites(“VOWs”).Anautomatedestimateofmarketvalueor 76reviewsandcommentsaboutapropertymaybedisplayedinconjunctionwithapropertyonsomeVOWs. 77AnyonewhoregistersonaVOWmaygainaccesstosuchautomatedvaluationsorcommentsandreviews 78aboutanypropertydisplayedonaVOW.Unlesslimitedbelow,aVOWmaydisplayautomatedvaluationsor 79commentsandreviewsaboutthisProperty.
Sellerdoesnotauthorizeanautomatedestimateofthemarketvalueofthelisting(orahyperlinktosuch
81estimate)tobedisplayedinimmediateconjunctionwiththelistingofthisProperty.
SellerdoesnotauthorizethirdpartiestowritecommentsorreviewsaboutthelistingoftheProperty(or
83displayahyperlinktosuchcommentsorreviews)inimmediateconjunctionwiththelistingofthisProperty.
7.SellerObligations:InconsiderationofBroker’sobligations,Selleragreesto:
(a)CooperatewithBrokerincarryingoutthepurposeofthisAgreement,includingreferringimmediatelyto
BrokerallinquiriesregardingtheProperty’stransfer,whetherbypurchaseoranyothermeansoftransfer.
(b)RecognizeBrokermaybesubjecttoadditionalMLSobligationsandpotentialpenaltiesforfailuretocomply
88withthem.
(c)ProvideBrokerwithkeystothePropertyandmakethePropertyavailableforBrokertoshowduring
90reasonabletimes.
(d)InformBrokerbeforeleasing,mortgaging,orotherwiseencumberingtheProperty.
(e)IndemnifyBrokerandholdBrokerharmlessfromlosses,damages,costs,andexpensesofanynature,
includingattorney’sfees,andfromliabilitytoanyperson,thatBrokerincursbecauseof(1)Seller’s
94negligence,representations,misrepresentations,actions,orinactions;(2)theuseofalockbox;(3)the 95existenceofundisclosedmaterialfactsabouttheProperty;or(4)acourtorarbitrationdecisionthatabroker whowasnotcompensatedinconnectionwithatransactionisentitledtocompensationfromBroker.This
clausewillsurviveBroker’sperformanceandthetransferoftitle.
(f) 98PerformanyactreasonablynecessarytocomplywithFIRPTA(Section1445oftheInternalRevenueCode).
(g) 99Makealllegallyrequireddisclosures,includingallfactsthatmateriallyaffecttheProperty’svalueandarenot readilyobservableorknownbythebuyer.SellercertifiesandrepresentsthatSellerknowsofnosuch
SellerwillimmediatelyinformBrokerofanymaterialfactsthatariseaftersigningthisAgreement.
(h) 104Consultappropriateprofessionalsforrelatedlegal,tax,propertycondition,environmental,foreignreporting 105requirements,andotherspecializedadvice.
Seller(_____)(_____)andBroker/SalesAssociate(_____)(_____)acknowledgereceiptofacopyofthispage,whichisPage2of4. ERS-19tbRev3/2024
8.Compensation:SellerwillcompensateBrokerasspecifiedbelowforprocuringabuyerwhoisready,willing, 106 107andabletopurchasethePropertyoranyinterestinthePropertyonthetermsofthisAgreementoronanyother termsacceptabletoSellerSellerwillpayBrokerasfollows(plusapplicablesalestax): 108
(a) 109__________%ofthetotalpurchasepriceplus$____________________OR$____________________,no laterthanthedateofclosingspecifiedinthesalescontract.However,closingisnotaprerequisiteforBroker’s 110 111feebeingearned.
(b) 112__________($or%)oftheconsiderationpaidforanoption,atthetimeanoptioniscreated.Iftheoptionis exercised,SellerwillpayBrokertheParagraph8(a)fee,lesstheamountBrokerreceivedunderthis 113 114subparagraph.
(c)__________($or%)ofgrossleasevalueasaleasingfee,onthedateSellerentersintoaleaseor 115 116agreementtolease,whicheverisearlier.ThisfeeisnotdueifthePropertyisorbecomesthesubjectofa 117contractgrantinganexclusiverighttoleasetheProperty.
(d)Broker’sfeeisdueinthefollowingcircumstances:(1)IfanyinterestinthePropertyistransferred,whetherby
119sale,lease,exchange,governmentalaction,bankruptcy,oranyothermeansoftransfer,regardlessofwhether thebuyerissecuredbySeller,Broker,oranyotherperson.(2)IfSellerrefusesorfailstosignanofferatthe
121priceandtermsstatedinthisAgreement,defaultsonanexecutedsalescontract,oragreeswithabuyerto 122cancelanexecutedsalescontract.(3)If,within______daysafterTerminationDate(“ProtectionPeriod”), SellertransfersorcontractstotransferthePropertyoranyinterestinthePropertytoanyprospectswithwhom
Seller,Broker,oranyrealestatelicenseecommunicatedregardingthePropertybeforeTerminationDate.
However,nofeewillbedueBrokerifthePropertyisrelistedafterTerminationDateandsoldthroughanother
(e)RetainedDeposits:AsconsiderationforBroker’sservices,Brokerisentitledtoreceive______%(50%if
leftblank)ofalldepositsthatSellerretainsasliquidateddamagesforabuyer’sdefaultinatransaction,notto
129exceedtheParagraph8(a)fee.
9.CooperationwithandCompensationtoOtherBrokers:NoticetoSeller:Thebuyer’sbroker,evenif
compensatedbySellerorBroker,mayrepresenttheinterestsofthebuyer.Broker’sofficepolicyistocooperate
withallotherbrokersexceptwhennotinSeller’sbestinterestandtooffercompensationintheamountof
133______%ofthepurchasepriceor$_______________toasingleagentforthebuyer;______%ofthe 134purchasepriceor$_______________toatransactionbrokerforthebuyer;and______%ofthepurchase 135priceor$_______________toabrokerwhohasnobrokeragerelationshipwiththebuyer. 136Noneoftheabove.(Ifthisboxischecked,refertolocalMLSrulesregardingentryoftheProperty.)
10.BrokerageRelationship:Brokerwillactasatransactionbroker.Brokerwilldealhonestlyandfairly;willaccount
138forallfunds;willuseskill,care,anddiligenceinthetransaction;willdiscloseallknownfactsthatmateriallyaffect 139thevalueoftheresidentialpropertywhicharenotreadilyobservabletothebuyer;willpresentalloffersand 140counteroffersinatimelymannerunlessdirectedotherwiseinwriting;andwillhavelimitedconfidentialitywith Seller 141unlesswaivedinwriting.
11.ConditionalTermination:AtSeller’srequest,BrokermayagreetoconditionallyterminatethisAgreement.If 142 Brokeragreestoconditionaltermination,Sellermustsignawithdrawalagreement,reimburseBrokerforalldirect 143 144expensesincurredinmarketingtheProperty,andpayacancellationfeeof$____________________plus applicablesalestax.Brokermayvoidtheconditionaltermination,andSellerwillpaythefeestatedinParagraph
8(a)lessthecancellationfeeifSellertransfersorcontractstotransferthePropertyoranyinterestintheProperty 146 147duringthetimeperiodfromthedateofconditionalterminationtoTerminationDateandProtectionPeriod,if 148applicable.
12.DisputeResolution:ThisAgreementwillbeconstruedunderFloridalaw.Allcontroversies,claims,andother
150mattersinquestionbetweenthepartiesarisingoutoforrelatingtothisAgreementorthebreachthereofwillbe 151settledbyfirstattemptingmediationundertherulesoftheAmericanMediationAssociationorothermediator 152agreeduponbytheparties.IflitigationarisesoutofthisAgreement,theprevailingpartywillbeentitledtorecover 153reasonableattorney’sfeesandcosts,unlessthepartiesagreethatdisputeswillbesettledbyarbitrationasfollows: Arbitration:Byinitialinginthespaceprovided,Seller(____)(____),SalesAssociate(____),andBroker(____) 154 155agreethatdisputesnotresolvedbymediationwillbesettledbyneutralbindingarbitrationinthecountyinwhich 156thePropertyislocatedinaccordancewiththerulesoftheAmericanArbitrationAssociationorotherarbitrator 157agreeduponbytheparties.Eachpartytoanyarbitration(orlitigationtoenforcethearbitrationprovisionofthis 158Agreementoranarbitrationaward)willpayitsownfees,costs,andexpenses,includingattorney’sfees,andwill 159equallysplitthearbitrator’sfeesandadministrativefeesofarbitration.
13.Miscellaneous:ThisAgreementisbindingonSeller’sandBroker’sheirs,personalrepresentatives,
administrators,successors,andassigns.BrokermayassignthisAgreementtoanotherlistingoffice.This
Seller(_____)(_____)andBroker/SalesAssociate(_____)(_____)acknowledgereceiptofacopyofthispage,whichisPage3of4. ERS-19tbRev3/2024
162 willbebindingonSellerorBrokerunlessincludedinthisAgreement.Electronicsignaturesareacceptableand 163 164willbebinding.Signatures,initials,andmodificationscommunicatedbyfacsimilewillbeconsideredasoriginals. 165Theterm“buyer”asusedinthisAgreementincludesbuyers,tenants,exchangors,optionees,andothercategories 166ofpotentialoractualtransferees.
AgreementistheentireagreementbetweenSellerandBroker.Nopriororpresentagreementsorrepresentations
FloridaREALTORS®makesnorepresentationastothelegalvalidityoradequacyofanyprovisionofthisforminanyspecifictransaction.Thisstandardizedform shouldnotbeusedincomplextransactionsorwithextensiveridersoradditions.Thisformisavailableforusebytheentirerealestateindustryandisnotintendedto identifytheuserasREALTOR®.REALTOR®isaregisteredcollectivemembershipmarkwhichmaybeusedonlyberealestatelicenseeswhoaremembersofthe NATIONALASSOICATIONOFREALTORS®andwhosubscribetoitsCodeofEthics.ThecopyrightlawsofUnitedStates(17U.S.Code)forbidtheunauthorized reproductionofthisformbyanymeansincludingfacsimileorcomputerizedforms.
Seller(_____)(_____)andBroker/SalesAssociate(_____)(_____)acknowledgereceiptofacopyofthispage,whichisPage4of4. ERS-19tbRev3/2024
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