Florida Realtors has released new compensation forms in advance of the practice changes related to the NAR settlement.
Recorded June 21, 2024: Florida Realtors has released four new forms — two compensation agreements and modification forms, for each compensation agreement. 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. ➡️ CLICK HERE TO LEARN MORE
Watch videoORLANDO, Fla. – Florida Realtors® released four new compensation forms that incorporate the practice changes required for National Association of Realtors® members under the proposed settlement agreement.
The new forms are available on Form Simplicity. Florida Realtors released the forms to provide maximum flexibility to compensation arrangements in transactions. The effective date for practice changes is Aug. 17.
Juana Watkins, Florida Realtors vice president of law and policy and general counsel, also released a video about the forms and other information regarding the settlement agreement.
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