Limited-Service Listing Contract
Posted by PRO Sat, 25 Mar 2006 15:53:00 GMT
A Limited Service Listing Agreement is an Exclusive Brokerage listing contract in which the listing broker will not provide one or more of the following services:
- Arrange appointments for cooperating brokers to show listed property to
potential purchasers but instead gives cooperating brokers authority to make
appointments directly with sellers.
- Accept and present offers to purchase to sellers but instead gives cooperating
brokers authority to present purchase offers directly to sellers.
- Advise seller(s) as to the merits of offers to purchase.
- Assist seller(s) in developing, communicating, or presenting counter offers.
- Participate in negotiations on the seller’s behalf.