Florida Flat Fee MLS

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	Allows choice of brokerage services
	Allows brokers to offer rebates to consumers

Florida Flat fee MLS is a term used to describe a practice in Florida in which realtors place pertinent information about a Florida property for sale into the database of a Florida local Multiple Listing Service (MLS) for a set fee or dollar amount as opposed to a commission based on the contract selling price of the property.

Florida law requires brokers to present all offers, but allows consumers to waive that requirement. This written waiver preserves consumers’ ability to choose the brokerage services they want, including MLS-listing-only services or other à la carte services.

1. Dealing honestly and fairly;

2. Disclosing all known facts that materially affect the value of residential real property which are not readily observable to the buyer.

3. Accounting for all funds entrusted to the licensee.

Learn more about:

• Brokerage services: Discount Brokers Can Make Selling a Home Less Costly
• Rebates: Rebates Make Buying a Home Less Expensive

Related documents on the Internet:

• Florida Statute Title 32 § 475.278 requiring brokers to perform minimum services, but allowing consumer waiver

• See also: Exclusive Agency v. Exclusive Right-of-Sale
• See also: No Brokerage Relationship (Its Florida Law)
• See also: Florida Transaction Broker Notice
• See also: Title Insurance Rates In Florida
• See also: Florida Counties and Cities
• See also: Frequently Asked Questions
• See also: Michigan Flat Rate MLS
  

Broward County, Collier County, Flat Fee Limited Services, Flat Fee Listing, Flat Fee Listing Agreement, Flat Fee Listing Referrals, Flat Fee MLS, Florida, Miami Aventura, Miami Fort Lauderdale, Miami-Dade County, National Flat Fee MLS, Palm Beach County, RESPA, Title Insurance

NO BROKERAGE RELATIONSHIP NOTICE

FLORIDA LAW REQUIRES THAT REAL ESTATE LICENSEES WHO HAVE NO BROKERAGE RELATIONSHIP WITH A POTENTIAL SELLER OR BUYER DISCLOSE THEIR DUTIES TO SELLERS AND BUYERS.

As a real estate licensee who has no brokerage relationship with you, (Brokerless, Inc. and its Associates) owe to you the following duties:

1. Dealing honestly and fairly;

2. Disclosing all known facts that materially affect the value of residential real property which are not readily observable to the buyer.

3. Accounting for all funds entrusted to the licensee.

(Date)

(Signature)

APPLICABILITY

(a) Residential sales.–The real estate licensee disclosure requirements of this section apply to all residential sales. As used in this subsection, the term “residential sale” means the sale of improved residential property of four units or fewer, the sale of unimproved residential property intended for use of four units or fewer, or the sale of agricultural property of 10 acres or fewer.

(b) Disclosure limitations.–

1. The real estate disclosure requirements of this section do not apply when a licensee knows that the potential seller or buyer is represented by a single agent or a transaction broker; or when an owner is selling new residential units built by the owner and the circumstances or setting should reasonably inform the potential buyer that the owner’s employee or single agent is acting on behalf of the owner, whether because of the location of the sales office or because of office signage or placards or identification badges worn by the owner’s employee or single agent.

2. The real estate licensee disclosure requirements of this section do not apply to: nonresidential transactions; the rental or leasing of real property, unless an option to purchase all or a portion of the property improved with four or fewer residential units is given; a bona fide “open house” or model home showing that does not involve eliciting confidential information, the execution of a contractual offer or an agreement for representation, or negotiations concerning price, terms, or conditions of a potential sale; unanticipated casual conversations between a licensee and a seller or buyer which do not involve eliciting confidential information, the execution of a contractual offer or agreement for representation, or negotiations concerning price, terms, or conditions of a potential sale; responding to general factual questions from a potential buyer or seller concerning properties that have been advertised for sale; situations in which a licensee’s communications with a potential buyer or seller are limited to providing general factual information, oral or written, about the qualifications, background, and services of the licensee or the licensee’s brokerage firm; auctions; appraisals; and dispositions of any interest in business enterprises or business opportunities, except for property with four or fewer residential units.

• See also: Flat fee MLS
• See also: Listing Broker
• See also: Listing Agreement
• See also: Transaction Broker Notice
• See also: For Sale By Owner or Flat Fee MLS?
• See also: Exclusive Agency v. Exclusive Right-of-Sale

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