What We Do Pricing Agreement Contact FAQ Forms
Read our Broker of Record Agreement
My Florida Broker
HomeBack to main page ServicesWhat we do for you Pricing$200/mo, no splits ContactGet in touch

DBPR Forms

RE 7 Form RE 7Company Registration RE 13 Form RE 13Broker Assignment

Resources

FAQCommon questions Broker AgreementReview our terms Understanding the LawChapter 475 explained BlogArticles and updates
Apply Now Login

Terms of Service

Last updated: May 26, 2026

These Terms of Service govern your use of My Florida Broker's qualifying broker of record services. By applying for or using our services, you agree to these terms.

1. Eligibility

To use our services, you must:

  • Hold an active Florida real estate license in good standing with DBPR
  • Have a business entity registered with the Florida Division of Corporations (Sunbiz.org)
  • Maintain a business bank account separate from personal funds
  • Maintain qualifying E&O insurance as described in Section 5
  • Be at least 18 years of age
  • Not be currently under DBPR investigation or suspension

2. Our Services

My Florida Broker provides qualifying broker of record services, which consist exclusively of:

  • Filing DBPR Form RE 7 to register your brokerage with our broker license as the qualifying broker
  • Maintaining our broker license in active status with DBPR
  • Serving as the qualifying broker of record on DBPR records

We expressly do not: supervise your agents, review or approve transactions, manage your escrow accounts, provide legal or compliance advice, or participate in your day-to-day business operations. Our role is limited to the license filing function only.

3. Your Responsibilities

You are solely responsible for:

  • Agent supervision: Training, supervising, and managing all agents operating under your brokerage
  • Compliance: Complying with all applicable Florida real estate laws, DBPR regulations, NAR rules, and local board requirements
  • Escrow management: All escrow and trust account obligations (escrow must be held by a licensed title company, attorney, or independent escrow agent — not under our license)
  • Transaction oversight: Reviewing, approving, and managing all transactions conducted by your brokerage
  • Record keeping: Maintaining all required transaction records as required by Florida law
  • Notification: Notifying us within 5 business days of any complaint, claim, investigation, or regulatory matter involving your brokerage

4. Fees & Billing

  • Setup fee: $300 one-time, due upon agreement execution
  • Monthly fee: $200/month for the qualifying broker service
  • Additional agents: $100/month per agent beyond the primary licensee
  • Fees are billed monthly on the same date each month
  • Late payments may result in suspension of services
  • We reserve the right to update fees with 30 days written notice

5. E&O Insurance Requirements

You must maintain throughout the term of service:

  • Errors & Omissions insurance with a minimum limit of $1,000,000 per occurrence
  • My Florida Broker named as additional insured on the policy
  • 2-year tail coverage effective upon termination of our agreement
  • A current certificate of insurance on file with us at all times

Failure to maintain required insurance is grounds for immediate termination of services.

6. Termination

  • Either party may terminate this agreement with 30 days written notice
  • We may terminate immediately if you violate these terms, fail to pay, or are subject to DBPR action
  • Upon termination, we will file the appropriate DBPR notice removing our license from your brokerage
  • You are responsible for securing a replacement qualifying broker before or immediately after termination
  • Setup fees are non-refundable

7. Limitation of Liability

TO THE MAXIMUM EXTENT PERMITTED BY LAW:

  • My Florida Broker's liability is limited to the monthly fees paid in the 3 months preceding any claim
  • We are not liable for any indirect, consequential, punitive, or special damages
  • We are not liable for any DBPR actions, regulatory fines, or license sanctions arising from your brokerage operations
  • We are not liable for any claims arising from transactions conducted by you or your agents

8. Indemnification

You agree to indemnify and hold harmless My Florida Broker, its principals, employees, and agents from any claims, damages, losses, and expenses (including attorneys' fees) arising from: (a) your brokerage operations; (b) your violation of these terms; (c) any act or omission by you or your agents; or (d) your violation of applicable law.

9. Governing Law

These terms are governed by the laws of the State of Florida. Any disputes shall be resolved in the courts of Orange County, Florida.

10. Contact

Questions about these terms? Contact us at info@myflbroker.com.