Flat Fee MLS Contract

Limited Service Rental 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 1 year  ("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) Legal Description:

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) Broker shall act as a Single agent of Seller; Single agent of Seller with consent to transition to Non representative
d) In addition, Seller authorizes Broker to perform the following: N/A

5. Seller OBLIGATIONS
: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) A court or arbitration decision that a broker who was not compensated in connection with a transaction is entitled to compensation from Broker. This clause will survive Broker's performance and the transfer of title
b) 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 compensate 398MLS.com for performing the responsibilities delineated in Paragraph 4(a)  $298$398$598 regardless whether the property sells and no matter who sells the property, whether by Broker, Seller or other real estate licensee.

  
 Seller shall pay a Broker of the total purchase price at closing should a Broker who participates in the MLS in which compensation was offered sell the Property.

 
7. ADDITIONAL TERMS:
Seller can renew this contract for no additional charges.
Seller can cancel this agreement at any time.
Seller shall notify 398MLS.com if the status of the property changes within 48 Hours.
Seller can sell the property by Seller without the assistance of a broker and pay 0% commission and no additional fees.
Seller pays a total of  commission only in the event property is sold by a licensed Florida broker, there are no other fees owed.

Other terms desired in Contract:

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.

This form is available for use by the entire real estate industry and is not intended to identify the user as a 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 REAL TORS and who subscribe to its Code of Ethics.

REAL PROPERTY SALES/RENTAL DISCLOSURE

1.CLOSING COST.  Upon closing the sale or rental of real property, additional costs may be demanded from the buyer/Seller in the form of closing costs.  The following are a list of the known major closing cost items typically charged to the buyer and/or Seller- Attorney Fees, Title Insurance charges, Survey charges, Real Estate taxes, Abstract charges, Appraisal fees, Doc stamps, Recording fees, Loan Origination fees, Mortgage Transfer fees, Lender service fees, Credit report fees, Discount Points, Pre-paid Escrow fees, Endorsement Fees, Intangible tax and Condo Association fees, Inspection costs, Hazard and Flood Insurance.
2.FINANCING:  Mortgage interest rates and discount points vary with financial institutions and the marketplace on a daily basis. The buyer has the right to select the lender and the right to negotiate the financial terms and conditions of the loan. This may be subject to the Seller's approval and/or the lenders requirements.
3.ENERGY EFFICENCY RATING: The buyer may within the inspection period of the contract have the property energy efficiency rating determined. Buyer acknowledges that a Department of Community Affairs Brochure on the Florida Building Energy Efficiency Rating System was received at the time or prior to closing.
4.RADON GAS: Radon Gas is a naturally occurring radioactive gas that when it has accumulated in a building in sufficient quantities may present health risks to persons who are exposed to over a period of time. Levels of Radon Gas that exceed the Federal and State guidelines have been found in buildings in Florida. Additional information regarding Radon Gas and Radon testing may be obtained from the County Public Health Department.
5. LEGAL REQUIREMENTS: In Florida, all contract for sale of Real Property or any lease for a property for a period in excess of one year are required to be in writing to be enforceable and to comply with the law. The buyer and /or Seller have the right to have legal counsel review these forms and represent them.

THE UNDERSIGNED ACKNOWLEDGES THAT THIS WRITTEN NOTICE WAS RECEIVED BEFORE SIGNING CONTRACTUAL OFFER OR LEASE AGREEMENT IN COMPLIANCE WITH FLORIDA STATUTES AND FLORIDA ADMINISTRATIVE CODE.

Seller Signature:

Telephone #'s: Home Work
 
Address:

Seller Signature:
 
Telephone #'s: Home Work

 Authorized Listing Associate or Broker:

Brokerage Firm Name: 398MLS.com Phone: :

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.