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  1. When listing brokers place an offer of compensation in the MLS and a competing broker procures a buyer to complete a successful real estate transaction, a contract is formed. Whether a specific broker is the procuring cause of a sale is determined on a case-by-case basis.

  2. May 5, 2007 · The legal principle derived from decades of lawsuits filed by focused, betrodden real estate agents is the procuring cause doctrine. It applies in commercial and residential contexts, and even to brokered sales outside of real estate, such as sales of yachts.

  3. May 23, 2024 · To delve deeper into what makes a real estate contract valid in Florida, we need to examine specific elements that are crucial for its validity. Here are some key components: Identification of the Parties: The contract must clearly identify the buyer and the seller.

  4. (1) The parties if they so intend can conclude a contract for sale even though the price is not settled. In such a case the price is a reasonable price at the time for delivery if:

  5. May 2, 2024 · The Florida Realtors As Is Contract is a standardized legal contract used in residential real estate transactions throughout Florida. It serves as a comprehensive agreement between a buyer and seller regarding the sale of property in its existing condition.

  6. Apr 26, 2016 · For those who are trying to go at it on their own, here are five prerequisites to having an enforceable real estate contract in the State of Florida. This is NOT a complete list, and within these 5 items not all nuances are discussed.

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  8. With the adoption of the Uniform Commercial Code in 1965, however, the duty of good faith became explicit. F.S. §671.203 recites that “ [e]very contract or duty within this code imposes an obligation of good faith in its performance or enforcement.”.

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