Negotiating Exclusive Right of Sale Listing Contract Using a Real Estate Law Firm

The most common listing contract in Florida is the exclusive right of sale. An exclusive right of sale listing contract entitles a broker to compensation if the property is sold through the efforts of any party including the owner. Any sale during the term of the listing will cause the owner to be liable to the listing broker for a full commission. The owner cannot sell the property without paying a commission unless an exception is noted in the contract. If a cooperating broker assists the listing broker in securing a buyer, the owner pays the listing broker the stated commission and the listing broker pays the cooperating broker.