Settlement between NAR & DOJ = New Listing Agreements & More Options for Central Florida Sellers

Real Estate Agent with Keller Williams Heritage Realty

After five years of negotiation between the National Association of REALTORS (NAR) and the Department of Justice (DOJ), a settlement has been reached that has resulted in the requirement of new listing agreements that provide more options for Sellers, who can now elect what marketing efforts their brokers provide when listing their home for sale.

Specifically, the settlement requires that Central Florida Sellers now be given more choices when it comes to the display of their property on the Internet. The new listing agreements now give Sellers the option to decide if they want their listing to be advertised on the Internet or not. If they do authorize the broker to advertise on the Internet, they can also specify whether or not they will allow for a property valuation tool to also appear with their listing and whether or not bloggers can comment on their property.

Since most Buyers start their search for a property on the Internet, I strongly encourage Sellers to allow their Broker to advertise there, but I would caution those same Sellers from considering  the property valuation & blogging that valuation and the Buyer's comments can been seen by all...which may not be to the Seller's advantage if the comments are not positive.

When hiring a Real Estate agent to sell your Central Florida property, be sure that they are now using the new Exclusive Right of Sale Listing Agreement for Transaction Brokers (ERS-13tb), which complies with the settlement ruling earlier this month.

For more information, please read the notice & the affected forms on the Florida Association of REALTORS website here.

As a full-time professional REALTOR, it's my duty to inform Sellers of what their options are when selling their home. If you are in need of Real Estate representation from someone who is "in the know," I'd welcome the opportunity to assist you!

Please feel free to text or call me at (321) 377-0157 for a complimentary market analysis for your Seminole or Orange County home!

LaShawn Norden, PA, REALTOR, Your Seminole & Orange County Real Estate Advocate, (321) 377-0157, RE/MAX Central Realty,,


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Priority One Homes Team @ Keller Williams Heritage, Offices in Lake Mary, Longwood & Downtown Orlando, Florida

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Comments (1)

Heather the Realtor Orlando, Lake Mary
LemonTree Realty - Orlando, FL
First Time Home Buyers, Bank Owned Homes

Not sure my full feeling on the blogging and valuation tool. What have you heard so far from others on this new ruling and what sellers are thinkings. So far all of mine have checked off the blogging tool.

Feb 24, 2009 11:30 AM