Florida Real Estate Broker Commission Agreement

Seller acknowledges that compensation paid to Buyer's Broker is for services Buyer's Broker provided to buyer. ## 5. DISPUTE RESOLUTION All controversies, claims, and other matters in question between the parties arising out of or relating to this Agreement or the breach thereof will be settled by first attempting mediation with a mediator agreed upon by the parties. If litigation arises out of this Agreement, the prevailing party will be entitled to recover reasonable attorney's fees and costs, unless the parties agree that disputes will be settled by arbitration as follows: **Arbitration:** By initialing in the space provided, Seller `[ ]` `[ ]` and Buyer's Broker or Authorized Associate `[ ]` agree that disputes not resolved by mediation will be settled by neutral binding arbitration in the county in which the Property is located in accordance with the rules of the American Arbitration Association or other arbitrator agreed upon by the parties. Each party to any arbitration (or litigation to enforce the arbitration provision of this Agreement or an arbitration award) will pay its own fees, costs, and expenses, including attorney's fees, and will equally split the arbitrator's fees and administrative fees of arbitration. ## 6. MISC. CLAUSES This Agreement will be construed under Florida law. Electronic signatures will be acceptable and binding. **Broker's commissions are not set by law and are fully negotiable.** In no event will Buyer's Broker's compensation exceed the amount of compensation in the written agreement with buyer. --- **Seller** [Seller's Signature Box] **Date:** _________________________________ **Seller** [Seller's Signature Box] **Date:** _________________________________ **Buyer's Broker** [Broker or Authorized Associate Box] **Date:** _________________________________ --- *Florida REALTORS® makes no representation as to the legal validity or adequacy of any provision of this form in any specific transaction. This standardized form should not be used in complex transactions or with extensive riders or additions. This form is available for use by the entire real estate industry and is not intended to identify the user as REALTOR®. REALTOR® is a registered collective membership mark which may be used only by real estate licensees who are members of the NATIONAL ASSOCIATION OF REALTORS® and who subscribe to its Code of Ethics. The copyright laws of United States (17 U.S. Code) forbid the unauthorized reproduction of this form by any means including facsimile or computerized forms.* Seller (`[ ]` `[ ]`) and Buyer's Broker (`[ ]`) acknowledge receipt of a copy of this page, which is Page 2 of 2. *The Parties acknowledge this form should not be used to share offers of compensation to buyer brokers or other buyer representatives via any field in the Multiple Listing Service.* CASB-1 Rev 7/24 © 2024 Florida Association of Realtors®