Florida Flat Fee MLS Property Contract

Limited Service Listing Agreement

This Limited Service Listing Agreement ("Agreement") is between (Seller")   and 398MLS.com ("Broker").

1. AUTHORITY TO SELL PROPERTY: Seller gives Broker the right to sell the real and personal property (collectively "Property") described below, at the price and terms described below, beginning today and terminating in 3 Months  ("Termination Date") Seller certifies that Seller is legally entitled to convey the Property and all improvements. This Property will be offered to any person without regard to race, color, religion, sex, handicap, familial status, national origin or any other factor protected by federal, state or local law.    
  
2. DESCRIPTION OF PROPERTY:
a) Real Property Street Address:
b) Tax ID Number:

3. PRICE AND TERMS: The property is offered for sale on the following terms, or on other terms acceptable to Seller:
a) Price: $
b) Financing Terms:  Cash   Conventional  VA  FHA   Other

4. BROKER OBLIGATIONS AND AUTHORITY:
a) Seller authorizes Broker to place the property in a multiple listing service (MLS), and to offer compensation to cooperating brokers.
b) Seller authorizes Broker to report to the MLS Association of Realtors this listing information and price, terms and financing information on any resulting sale. Seller authorizes Broker, the MLS and/or Association of Realtors to use, license or sell the active listing and sold data.
c) The obligations of 398MLS.com is limited to MLS data entry and the additional marketing services outlined in Sellers selected MLS listing package. Seller agrees to pay a one-time flat fee to 398MLS.com in exchange for said services.

5. Seller OBLIGATION:
:a) Seller shall indemnify Broker and hold Broker harmless from losses, damages, costs and expenses of any nature, including attorney's fees and from liability to any person that Broker incurs because of
(1) Seller's negligence, representations, misrepresentations, actions or inaction's,
(2) The use of a lock box,
(3) The existence of undisclosed material facts about the Property, or
(4) Seller shall make all legally required disclosures, including all facts that materially affect the Property's value and are not readily observable or known by the buyer. Seller represents there are no material facts (building code violations, pending code citations, unobservable defects, etc.) other than the following:
Seller will immediately inform Broker of any material facts that arise after signing this Agreement.

6. COMPENSATION:
Seller agrees to pay a one-time flat fee to 398MLS.com in exchange for MLS data entry and the additional marketing services outlined in Sellers selected MLS listing package.

Seller shall pay the Buyers Agent's Office: (enter a % or dollar amount)  commission at closing, should a realtor who participates in the MLS sell the Property.

 
7. ADDITIONAL TERMS:
Seller can sell the property By Owner without the assistance of a broker and pay 0% commission and no additional fees.
Seller can cancel this agreement at any time.
Seller shall notify 398MLS.com if the status of the property changes within 24 Hours.
Other terms desired in legal contract, Please type below:

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, 398MLS.com 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.

 
Seller Signature:

Telephone #: E-Mail
 
Seller Address:

Seller 2 Signature:
 
Telephone #: E-Mail

By Typing my Signature and sending it via the Internet, I acknowledge I have read, understand and agree to all terms and I understand that my Electronic Signature is the equivalent of a hand written Signature. I AGREE TO NOTIFY 398MLS.com OF ANY CHANGES TO THIS INFORMATION AND ANY STATUS CHANGES OF SAID PROPERTY WITHIN 24 HOURS.