Spam prevention
Ambassador
4,259,392
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

Would you want a surgeon with limited skills operating on one of your family members?  Same concept IMHO.

Mar 07, 2019 09:59 PM
Rainmaker
991,615
Doug Dawes
KW Evolution - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Is this one of these Utah Real Estate School questions? I'm not a fan of a limited service agreement

Mar 08, 2019 06:02 AM
Rainmaker
1,901,261
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

Debe Maxwell, CRS said it best.

Mar 08, 2019 05:52 AM
Rainmaker
1,925,314
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Good luck with your studies.

Mar 08, 2019 05:19 AM
Rainmaker
1,723,555
Lyn Sims
Schaumburg, IL
Schaumburg Real Estate Agent Retired

It does matter what we think. It's either in your state or it isn't. I'm not sure the exam cares about what you think either.

Mar 08, 2019 04:48 AM
Rainmaker
684,915
Peter Testa
Nationwide Homes - Danbury, CT
PETER TESTA

It is as the term implies, limited. The Agent has to disclose any material facts they know about the property but remain as a neutral party in negotiations. At the end of the day they will still get your house sold/purchased but some might be left wondering if they could've done better on price. 

Mar 08, 2019 04:42 AM
Rainmaker
4,122,158
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Limited agency = limited service and limited representation. Who benefits?

Mar 08, 2019 04:21 AM
Rainmaker
384,977
Joseph Domino 480-390-6011
HomeSmart - Scottsdale, AZ
Real Estate Made Easy

It definitely waters down the value of an agent for the clients. One of the biggest debates that many people have with the real estate industry is the value of the agent. The value of an agent is in representation. When you limit the agent's ability to represent you as a client you get less than what you are paying for. Furthermore, it increases the risk for all parties, the buyer, the seller, and the agent.

Mar 07, 2019 07:55 PM
Rainmaker
884,736
Peter Mohylsky. Broker -BRIX REALTY
Miramar Beach, Florida - Santa Rosa Beach, FL
BRIX REALTY -DESTIN

I am not a fan of limited agency, but most agents don’t really know what that means 

Mar 08, 2019 03:58 AM
Rainer
187,002
Raj Taj
RE/MAX - Lake Bluff, IL
Drive By Blessings!

"Only if it's fat free and done in moderation"

Mar 07, 2019 09:13 PM
Rainmaker
1,738,513
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

It depends on the circumstances.

Mar 07, 2019 08:54 PM
Ambassador
5,413,483
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

It depends on the agent and the client, it can be very good, or it can be a problem.

Mar 07, 2019 08:33 PM
Rainmaker
4,046,379
Richard Weeks
Dallas, TX
REALTOR®, Broker

Not allowed in Texas, so I have no idea.

Mar 07, 2019 07:42 PM
Rainmaker
468,799
Dan Pittsenbarger
Keller Williams Western Realty - Bellingham, WA
Improving Conditions

There's a time and place for most every resource.

Limited service, limited agency arrangements serve a purpose and have their place. I personally do not work for 1% or $1000 flat fee. There are some folks that "need" to get their home on the MLS at a hugely discounted rate. I'm happy there's a resource for them to do so.  And for those that don't "need" a cheap way to get on the MLS but are only wanting to save a buck or do not perceive any value in hiring a full service agent  - if they want to do all the work, they will earn the savings and run the risk of paying a much higher price by not knowing what they are doing- well the world does work on a risk/reward basis. I wish them the best of luck.

Mar 08, 2019 06:01 AM
Rainmaker
543,259
Greg Large
ERA Real Solutions - Grove City, OH
A Tradition of Trust

Doesn't matter what I think about Limited Agency, in limited circumstance's it can be very good, in most not so good.

Mar 08, 2019 05:50 AM
Rainmaker
1,324,938
Donald Urschalitz
Lubeck Realty Group - Jupiter, FL
P.A. Realtor ABR RSPS North Palm Beach County

The bottom line is you get what you pay for. You can buy a car in a vending machine and now who do you talk too for more information about the car?

Mar 08, 2019 04:13 AM
Rainmaker
4,214,037
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

What state? What is your state legislature definition? Too many cooks spoil the broth. Especially cooks with no understanding of what they are doing! Agency has become a state to state joke.

Mar 08, 2019 04:03 AM
Rainmaker
1,707,423
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Study hard.

Mar 08, 2019 02:23 AM
Rainmaker
1,154,075
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

responsibility deminishes.

Mar 07, 2019 08:44 PM
Rainmaker
4,799,501
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

It depends on the situation.

Mar 08, 2019 06:32 AM
Rainmaker
2,024,200
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

More is better than less

Mar 09, 2019 09:22 AM
Ambassador
3,058,272
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

Let's start with knowing what limited agency is - then decide if you think it is good or bad. 

Mar 09, 2019 08:33 AM
Rainmaker
3,069,984
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

How is limited anything good for anyone?

Mar 09, 2019 05:41 AM
Rainmaker
1,519,451
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

Depends on their needs.

Mar 08, 2019 01:28 PM
Rainmaker
5,571,934
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

there is NOTHING good about a client not having full representation.... limited and dual agency are to the agent's advantage.... and only the agent benefits...

Mar 08, 2019 11:23 AM
Rainmaker
911,486
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

No such thing where I work.

Mar 08, 2019 08:22 AM
Rainmaker
1,387,778
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Out here limited agency is where I put it in the MLS for you for a flat fee and you do all the work and pay a buyer's agent comission.  It's not for everyone, but has it's place.

Mar 08, 2019 07:42 AM
Rainmaker
6,613,253
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Good or bad, follow the rules in your state.

Mar 08, 2019 07:30 AM
Rainmaker
822,252
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

Not good to have "partial" representation...

Mar 08, 2019 07:26 AM
Rainmaker
5,591,480
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Kennith,

You have the answers.

Mar 08, 2019 06:52 AM
Rainmaker
889,177
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

Limited agency is good for the informed client.

That is one of the problems with CHOICE, to make the best use one must do their homework.

Many would prefer the consumer had not choice. Those are called monopolies.  Think about how that may relate to real estate and why the industry needs to be democratized.

Mar 08, 2019 06:49 AM
Rainmaker
2,642,262
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Think: 100% and then ask yourself....would you want anything less?

Mar 08, 2019 06:25 AM
Rainmaker
4,943,909
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Don't do limited agency.

Mar 21, 2019 02:17 PM
Rainmaker
4,017,105
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Not a fan of it at all.

 

Mar 09, 2019 10:01 AM