Brake fluid is nasty stuff, and will eat through paint within a few hours. I usually rebuild one the second I see fluid leaking. You can pick up a brake master cylinder rebuild kit with a new piston and seals for about $40. Just be sure to buy a quality set of expanding ring pliers (not at Kragen!) with long straight jaws to get the piston circlip out, as it can be a little tricky. After that it's a pretty straightforward job. Be sure to clean every passage very well, and try not to scratch the M/C bore. Re-assemble, bleed and ride. It should take about 1.5 hours to do correctly.
-j