8(a) less the cancellation fee if Seller transfers or contracts to transfer the Property or any interest in the Property 163 during the time period from the date of conditional termination to Termination Date and Protection Period, if 164 applicable. 165 13. Dispute Resolution: This Agreement will be construed under Florida law. All controversies, claims, and other 166 matters in question between the parties arising out of or relating to this Agreement or the breach thereof will be 167 settled by first attempting mediation under the rules of the American Arbitration Association or other mediator 168 agreed upon by the parties. If litigation arises out of this Agreement, the prevailing party will be entitled to recover 169 reasonable attorney’s fees and costs, unless the parties agree that disputes will be settled by arbitration as follows: 170 Arbitration: By initialing in the space provided, Seller (____) (____),and Broker or Authorized Associate 171 (____) agree that disputes not resolved by mediation will be settled by neutral binding arbitration in the county in 172 which the Property is located in accordance with the rules of the American Arbitration Association or other 173 arbitrator agreed upon by the parties. Each party to any arbitration (or litigation to enforce the arbitration provision 174 of this Agreement or an arbitration award) will pay its own fees, costs, and expenses, including attorney’s fees, and 175 will equally split the arbitrator’s fees and administrative fees of arbitration. 176 14. Miscellaneous: This Agreement is binding on Seller’s and Broker’s heirs, personal representatives, 177 administrators, successors, and assigns. Broker may assign this Agreement to another listing office. This 178 Agreement is the entire agreement between Seller and Broker . No prior or present agreements or representations 179 will be binding on Seller or Broker unless included in this Agreement. Electronic signatures are acceptable and 180 will be binding. Signatures, initials, and modifications communicated by facsimile will be considered as originals. 181 The term “buyer” as used in this Agreement includes buyers, tenants, exchangors, optionees, and other categories 182 of potential or actual transferees. 183
15. Additional Terms: __________________________________________________________________________ 184 Seller hereby authorizes Broker to share Buyer Brokerage compensation information as
______________________________________________________________________________________________ 185 necessary during the term of this listing agreement. IF CHAR SEUFFERT ALSO REPRESENTS BUYER IN THIS TRANSACITON, TOTAL COMMISSION SHALL BE 4%. ______________________________________________________________________________________________ 186 ______________________________________________________________________________________________ 187
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Seller (_____) (_____) and Broker/Authorized Associate (_____) (_____) acknowledge receipt of a copy of this page, which is Page 4 of 5. The Parties acknowledge this form should not be used to share offers of compensation to buyer brokers or other buyer representatives via any field in the Multiple Listing Service. ERS-20tb Rev 7/2024 © 2024 Florida Realtors®
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