The Florida Realtors organization has introduced two new compensation agreements, along with their modification forms. These documents are crucial following changes to the Multiple Listing Service (MLS), which ensure that Buyer Brokerages receive compensation from either the Seller or the Seller’s Brokerage when a cooperating commission is available on listings.
Previously, MLS rules safeguarded Buyer Brokerages by guaranteeing payment from Seller Brokerages based on the commission percentage listed on the platform. However, with the recent modifications, an additional agreement is necessary. This agreement can be made either between the Seller’s Brokerage and the Buyer’s Brokerage or directly from the Seller to the Buyer’s Brokerage to facilitate payment.
