Florida Realtors New Forms: Compensation forms
Hi there,
Here is a comprehensive list of the new/updated compensation forms and when to use them. Click the link next to each document to preview it and see the redline version.
Compensation forms
Released August 16, 2024
- Compensation Agreement-Owner/Listing Broker to Tenant's Broker (CAOT-1): This form may be used when an owner or listing broker wishes to engage in negotiations to compensate a Tenant’s broker. (Click here to preview)
Released August 6, 2024
- Compensation Disclosure Statement (CDS-1 ). This disclosure should be given to the Buyer/Seller/Owner if the existing listing agreement or buyer agreement does not contain this disclosure. (Click here for preview)
Released 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.
- Compensation Agreement - Seller to Buyer's Broker (CASB-1). This new form is a compensation arrangement in which the seller agrees to compensate the buyer's broker for procuring a buyer for a listed property.
- Compensation Agreement - Seller's Broker to Buyer's Broker (CABB-1). This agreement memorializes any agreement between the brokers. The seller's broker, also known as the listing broker, to compensate the buyer's broker for the listed property. This agreement is property specific, and the arrangement between the brokers should relate to the listed property, not serve as a blanket agreement between the brokerages.
- Modification to Compensation Agreement - Seller to Buyer's Broker. This form allows the parties to make changes to any material terms of the underlying compensation agreement between the seller and the buyer's broker.
- Modification to Compensation Agreement - Seller's Broker to Buyer's Broker.
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