Florida Realtors® has released four new forms — two compensation agreements and modification forms, for each compensation agreement. All are now available for download on Form Simplicity.
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.
Form 1: 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.
Form 2: 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.
Form 3: Modification to Compensation AgreementSeller 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.
Form 4: Modification to Compensation Agreement - Seller’s Broker to Buyer’s Broker.
Questions? Call the Florida Realtors Legal Hotline, 407438-1409.
CEO MESSAGE
TWIS LIZASUAIN CHIEF EXECUTIVE OFFICER
Great news for our centennial year! We are proud to announce the launch of our new real estate school, The Real Center: Real Estate Academy & Licensing. This initiative aims to provide comprehensive education and training opportunities for individuals seeking to pursue careers in real estate across the Central Florida region. The Real Center will offer pre-licensing courses designed to equip students with the skills necessary to thrive in today’s dynamic real estate industry.
Led by our instructor Thomas Longmoore, our inaugural session will begin with evening classes from 6 p.m. - 10 p.m., Monday - Thursday beginning July 8 through August 1. If you know someone who might be interested in a career in real estate, please direct them to our website. We would love to assist them in their journey to success! Learn more at www.TheRealCenter.us
MEET OUR INSTRUCTOR
Thomas Longmoore Instructor
Tom has spent 20 years in the real estate industry in Central Florida as a licensed Real Estate Broker Associate and Real Estate Instructor. Whether assisting a client with a corporate relocation or helping his students transition to a new career, Tom uses the customer service and organizational skills learned from the hospitality industry every day in his real estate business.
Currently running a successful real estate business gives Tom the opportunity to use field experiences to enhance student understanding and retention of critical concepts. Tom has experience teaching a test taking strategy course for a national technology training company. Tom has the tools to start you on the path to a new career.
New VIPs
Aaron & Kathleen Bahm HomeTeam Inspection Service of Southeast Orlando
To apply as a Vital Industry Partner member, please visit www.osceolarealtors. org/vital-industrypartners, call 407-8460117, or email Nancy Hubbard at nhubbard@ osceola-realtors.com for more information.
Becoming a VIP is an excellent opportunity to get your company’s name out to individuals that can directly benefit from your products and/or services.
Vital Industry Partner Milestone
Please help us congratulate and thank our Vital Industry Partner who is celebrating a very exciting milestone with us this month! We are thankful for your membership and the invaluable services that you provide to our association and its members!
Solar Panels in the Real Estate Transaction 7/2/2024 9:00 am-11:00 am
Classroom Only - Nishad Khan
Solar panels are growing in popularity. This means that real estate agents will experience them at some point in a transaction and it is important for the agent to know how these affect the sale. This class will review a sample solar panel lease, understanding the sales contract addenda, and much more.
Stellar MLS Basic
Classroom Only - Daniella Blackburn
T his required class teaches every new Stellar MLS subscriber the basics of how to use the Matrix MLS System to power their real estate business.
Stellar MLS Compliance
Classroom Only - Daniella Blackburn
This required class for new subscribers reviews the MLS comprehensive Rules & Regulations to ensure that all users have access to the best data possible.
This class is mandatory for agents who will be adding and modifying listings in the MLS. We will walk through the process of gathering listing data, entering listings into the MLS systems, adding photos and attachments, and modifying listings.
Code of Ethics 7/9/2024 9:00 am-12:00
Classroom Only - Dan Lopez
Mandatory ethics training requirements for new and continuing Realtor members was established by the National Association’s Board of Directors. The policy dictates that all active members must take a code of ethics class once every three years. The applicable dates are the same for all Realtors irrespective of when they join. The current cycle began January 1, 2022 and ends December 31, 2024.
Core Law 7/9/2024 1:00 pm-4:00 pm 3CE Classroom Only - Dan Lopez
Understanding real estate law is part of every real estate licensee’s business. The more a licensee knows, the better he or she can work with customers and safeguard them from legal complications. This material will provide a “red flag notice” of when participants are potentially going into a danger zone—the unlicensed practice of law.
Short Sale Essentials
Classroom Only - Denis Milonas
7/10/2024
This course will show you how to go through the process of the Short Sale in the safest and most stress-free way possible. Taught to the highest standards of the Instructor Training Institute, this interactive workshop will prepare you to be successful in the Short Sale arena and avoid the many liabilities along the way. Every Realtor deals with Short Sales. Enrolling in this course will help agents work through the unique difficulties they can create and come out successful on the other side.
Barriers to Fair Housing Certification - Classroom Only - Gonzalo Mejia
REALTORS are committed to abiding by fair housing laws and the Code of Ethics. But sometimes, our brains take shortcuts that can lead us astray. This Course teaches you tactics to interrupt stereotypical thinking and avoid fair housing pitfalls. You will learn about the mind science of identity and engage in exercises to help you foster business relationships with clients of all backgrounds.
Code of Ethics (Spanish) 7/15/2024 9:00 am-12:00 pm 3CE ZOOM Only - Gonzalo Mejia
Mandatory ethics training requirements for new and continuing Realtor members was established by the National Association’s Board of Directors. The policy dictates that all active members must take a code of ethics class once every three years. The applicable dates are the same for all Realtors irrespective of when they join. The current cycle began January 1, 2022 and ends December 31, 2024.
Core Law (Spanish) 7/15/2024 1:00 pm-4:00 pm 3CE ZOOM Only - Gonzalo Mejia
Understanding real estate law is part of every real estate licensee’s business. The more a licensee knows, the better he or she can work with customers and safeguard them from legal complications. This material will provide a “red flag notice” of when participants are potentially going into a danger zone—the unlicensed practice of law.
As property managers, you have to wear a lot of hats. You are expected to maintain and protect the landlord’s real estate assets while dealing with some tenants who want everything done now and at their convenience. Take this course and set yourself apart as a true professional, making the landlord and tenant happy, all without breaking the landlord’s bank, but most importantly without breaking the law.
The Accredited Buyers Representative (ABR) designation is for real estate buyers agents who focus on working directly with buyer-clients at every stage of the home-buying process. Understand and demonstrate your value to today ’s buyer. Acquire the skills and resources to succeed as a buyer ’s agent in a dynamic real estate market. Help buyers find the right property at the right terms and price in both buyers ’ and sellers ’ markets.
Fundamentals
Residential Investors - Classroom Only - Charles Castellon
After taking this course, REALTORS® will be able to prove to investors that they are the agent to do business with! Learn from real-life scenarios to understand what it really means to become an investor, how to effectively work with investors, and how the changes in the market and population have affected the relationship between investors and REALTORS®.
RPR for Investors 7/24/2024 9:00 am-12:00 pm
ZOOM Only - Stephanie White
Many clients have questions about investing in residential or commercial properties. RPR can provide historical data, zoning maps, flood maps, and historical property values to evaluate a potential investment property. With the Valuate tool, learn how to analyze a property for a long-term hold or even a short-term flip. Your investors will be impressed with your level of analysis
GRI 301: It’s More Than Just Sales
Classroom Only - $30 Members/ $119 Non-Members
7/30-31/2024 7:30 am-5:30 pm
Earning the Graduate, REALTOR® Institute (GRI) designation is a way to stand out to prospective home buyers and sellers as a REALTOR® who has gained in-depth knowledge on technical subjects as well as the fundamentals of real estate. Register for the 301 module to learn about property management, common ownership forms, appraising, and 1031 exchanges.
