Mv Realty To Allow Florida Homeowners Out Of 40-year Listing Contracts

Months after it was slated to begin terminating contracts, MV Realty has finally started to allow customers in Florida to break their 40-year right-to-list contracts. 

In February 2025, a judge in Florida ordered the company to begin canceling its contracts in the state within two weeks. The state has said the company failed to comply with the order until it recently began terminating contracts, according to the Tampa Bay Times, which first reported the story. 

MV Realty first came under fire in Florida in November 2022, when the state’s attorney general filed a suit claiming that the company violated Florida’s Deceptive and Unfair Trade Practices Act, harming more than 9,300 homeowners in the state through its right-to-list agreements. 

Under MV Realty’s right-to-list agreement — which it calls a Homeowner Benefit Agreement (HBA) — a homeowner signs over the right to list their home for the next 40 years to MV Realty in exchange for a cash payment.

If a homeowner decides to sell their house sometime in the next 40 years, MV Realty is entitled to list the home for a 3% commission, which is separate from the commission of a buyer’s agent. If the homeowner breaks the agreement or decides to terminate the agreement early, the homeowner must pay MV Realty 6% of the appraised value of the home.

MV Realty previously operated in 33 states and had more than 500 real estate agents. Since starting its Homeowner Benefit Program in August 2020, MV Realty said it had enrolled more than 35,000 homeowners and had paid homeowners nearly $40 million.

In February 2023, the company announced that it was pausing the signing of new right-to-list agreements.

Right-to-list agreements, also known as Non-Title Recorded Agreements for Personal Service (NTRAPS) — were banned in 30 states as of June 2024.

In September 2024, the California AG’s office secured a preliminary injunction in its suit against MV Realty. This requires the firm to remove the liens it has recorded, not record any new liens and prevents it from enforcing the terms of the HBA.

MV Realty filed for Chapter 11 bankruptcy protection in September 2023 but has since withdrawn the request.