Q: A seller who listed her home with me notified me today that she is terminating her listing agreement. She claims that under Florida law she has a 72-hour right of rescission. I’ve been in the business for some time and haven’t heard of any such law. Does the seller have a 72-hour right of rescission?
A: There is no Florida law that affords the seller such a right of rescission. Therefore, unless the listing includes a provision giving the seller such a rescission right, the seller isn’t entitled to cancel without incurring potential liability to the broker.