News & Media
New, Updated Forms from Florida Realtors
Some of the updated forms add language for NAR settlement compliance to create consistent language across all forms.
ORLANDO, Fla. — Florida Realtors® released new and updated forms Monday to help Realtors® as they incorporate the practice changes required for the proposed National Association of Realtors® settlement agreement following the Sitzer-Burnett verdict.
Updated forms:
- Qualifying Improvement Addendum to Contract – (QIC-1): Previously called PACE Addendum to Contract (PACE-2). Qualifying Improvements is the new term by law and the disclosure now applies to residential and commercial transactions. This updated form can be used with both residential and commercial contracts. Click here to preview changes.
- Prospective Tenant Retainer Agreement – (PRA-2)” Updated to be applicable to tenants only. This form is now compliant with the NAR settlement as other forms have been and includes the statement for compensation being negotiable and not set by law. Click here to preview changes.
In the following four forms, the compensation section has been updated to include the settlement language, “Brokerage commissions are not set by law and are fully negotiable.” The language was added to keep the forms consistent across the board:
- Exclusive Right to Lease Listing Agreement – (ERL-13) Click here to preview changes.
- Exclusive Right to Lease – Commercial – (ERLC-1x) Click here to preview changes.
- Exclusive Tenant Brokerage Agreement – (ETBC-1x) Click here to preview changes.
- Exclusive Property Management Agreement – (EPM-6x) Click here to preview changes.
New form:
- Milestone Inspection and Structural Integrity Reserve Study – (MISIRS-1): New form to assist sellers in providing more detail about what inspections or studies have been conducted and the current status of the condo association’s process. Click here to preview form.
The forms are available on Form Simplicity.