The listing brokerage firm negotiates for the entire sales commission. They then split it in some fashion (no requirement for this to be a 50/50 split, but it usually is) with the brokerage firm that represents the buyer.
In Florida, residential brokerage firms (and agents within the firm) are allowed to represent both the seller and the buyer by default. This is not the case in all 50 states. However, it’s important to know that the listing brokerage firm will receive the entire commission without the need to split it if they are lucky enough to find a good buyer.
Our standard form allows the seller to withdraw from the listing for any reason, but they may owe the listing brokerage a stated fee to cover the cost of their marketing efforts. If a property’s representation is withdrawn and the listing is removed from the MLS, the seller may not enter into a second listing agreement with another brokerage firm until the original listing’s expiration date has passed.