Broker of Record Agreement

This agreement sets out the terms of our working relationship. The purpose of this agreement is to have me serve as your Florida broker of record, meeting the minimum requirement for you to legally operate your business. I will have no participation or guidance. I do not handle, access, or have authority over any of your funds, bank accounts, escrow, or trust accounts.

Parties. This agreement is made between Mark Burruss Webb, a Florida-licensed Real Estate Broker ("Broker"), and {customer_name}, an individual ("Principal").

1. Your Responsibilities. 1.1 Comply with Chapter 475, Florida Statutes, and all FREC/DBPR rules at all times. 1.2 Maintain a $1,000,000 E&O policy naming me as an additional insured throughout the term, and upon termination either continue the policy in force for at least 2 years or purchase a 2-year extended reporting period (tail) endorsement. 1.3 Notify me in writing of any issue that could jeopardize my license. 1.4 You will not hold or handle any escrow or trust funds under my license, and you will not be a signatory on any escrow or trust account. All escrow must be held by a licensed Florida title company, attorney, or other third-party escrow agent. 1.5 You represent your Florida real estate license is active and in good standing, and you have no pending regulatory actions, investigations, or disciplinary matters.

2. Fees. A {monthly_fee} monthly fee and a {setup_fee} one-time setup fee are payable by personal check or other agreed payment method. If you fail to pay any fee within 10 days of its due date, I may suspend services, and if payment is not cured within 15 days of written notice, I may file to remove myself as broker of record. You are responsible for all your own business expenses; all commissions and revenue from your transactions are yours. You are an independent contractor and not an employee, partner, or joint venturer of mine, and you are responsible for all taxes on income received from your business.

3. Termination. My role as your broker of record begins when I file DBPR Form RE 13 naming me as your qualifying broker, and ends when either party files DBPR Form RE 13 to remove me. Either party may terminate at any time by giving written notice, after which I will file to remove myself as broker of record. Upon filing, you must immediately cease all activities conducted under my license and pay any outstanding fees within 15 days. Monthly fees earned through the termination date are non-refundable. Prepaid fees beyond the termination month are refunded within 30 days, except if I terminate for your material breach, in which case I may retain all fees. Indemnification survives termination.

4. Indemnification and Liability. You agree to defend, indemnify, and hold me harmless from any claims, lawsuits, damages, fines, settlements, or costs (including attorneys" fees) arising from your business, your transactions, your violations of law, or your breach of this agreement. You shall be solely responsible for any fines, penalties, or sanctions imposed by DBPR or FREC arising from your conduct, including any imposed on me. The only exception to this indemnification is claims arising from my own gross negligence or willful misconduct. If I need an attorney or expert for anything involving you, you pay all costs as they are incurred, and I choose my own counsel. You will notify me in writing within 5 business days of any claim, demand, or matter that could trigger this section; late notice does not forfeit this obligation unless it materially prejudices me. My total liability to you will never exceed 12 months of fees actually paid, and I make no guarantees about the outcome of any DBPR filing, regulatory matter, or your business activities.

5. Legal Terms. Florida law governs this agreement. Any dispute goes to mediation first, then litigation if needed, in Orange County, Florida. The prevailing party is entitled to reasonable costs and attorneys" fees. Notices are sent by email to the addresses on the signature block and are effective upon delivery. Each party will keep the other"s non-public business information confidential. This is the complete agreement and replaces any prior agreements; changes must be signed by both parties. If any part is invalid, the rest stays in effect. This agreement is not assignable. This agreement binds our heirs, executors, administrators, and successors. Electronic signatures are valid under Florida and federal law.

By signing below, both of us agree to everything in this agreement.