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Rainmaker
5,104,931
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

I really don't understand how agency can really be limited. Who decides at what point representation and agency begins and ends and under what circumstances?

Dec 13, 2016 03:22 AM
Rainmaker
5,772,575
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

It depends.

Dec 12, 2016 08:34 PM
Rainmaker
5,583,278
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

every client deserves full representation....anything less is not acceptable in my opinion....

Dec 13, 2016 01:31 PM
Ambassador
2,684,009
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

     Limited Service Listings are a consumer choice that is protected by the Federal Government, Department of Justice. 

      Whether or not it is a "good or bad" choice depends upon the consumer, and upon the real estate broker.  For example, an MLS-only listing for a Seller who hasn't sold a house in 10 years is probably a poor choice.  But for a dealer or investor who buys and sells many houses every year, MLS-only can be an excellent option that will save them lots of $$$.

Dec 13, 2016 11:45 AM
Rainmaker
1,466,207
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Oakly Rogers Limited Agency or Limited Service Agency is approved in Virginia. Among other things, it identifies specific services that the agent will provide their client as opposed to full service. Full disclosure is required.

Whether it is good or bad for the client, only a client can determine if it is or not suitable for their needs.

Dec 13, 2016 06:59 AM
Rainmaker
3,416,038
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

It is a HORRIBLE IDEA. You get what you pay for a would you like to have a little support? A doctor only help a little? The only one that loses is the client.

Dec 13, 2016 06:07 AM
Rainmaker
7,836,134
Roy Kelley
Retired - Gaithersburg, MD

You provide the services that will best meet the needs of your clients.

Dec 13, 2016 05:02 AM
Rainmaker
613,494
Eve Alexander
Buyers Broker of Florida - Tampa, FL
Exclusively Representing ONLY Tampa Home Buyers

Limited agency is equivalent to NO REPRESENTATION. For sellers, it usually just submitting listing to MLS and letting any buyers agent take advantage of them.

For buyers it is no fiduciary duties. No advice, no one has their back...

Eve

Dec 13, 2016 04:07 AM
Rainmaker
3,071,489
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

In general - bad.

In some cases - good.

Dec 13, 2016 03:21 AM
Rainmaker
2,224,473
Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

I'm not a fan of limited agency, and the clients I work with wouldn't want this. 

Dec 12, 2016 09:31 PM
Rainmaker
3,988,007
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

I think full agency is better for clients. We agents know how to protect the client when they allow us to do it.

Dec 12, 2016 08:29 PM
Rainmaker
2,362,948
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

I don't care for it

Dec 12, 2016 08:06 PM
Rainmaker
1,525,616
Sybil Campbell
Fernandina Beach, FL
Referral Agent Amelia Island Florida

I am not sure what you mean by "limited agency".

Dec 12, 2016 07:20 PM
Ambassador
3,345,091
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

I do not know what limited agency is. If you mean dual agency ... I won't touch it.  

Dec 12, 2016 07:18 PM
Rainer
509,449
Susie Kay
Ultra Real Estate Dallas Fort Worth - Plano, TX
North Dallas Specialist

It depends on the client and the agent.  Some people that I know work with limited agency to safe money. However, when it comes to asking questions they come to me because limited agency = limited service.  Ha!

Dec 12, 2016 05:36 PM
Ambassador
5,049,108
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

I've not heard of limited agency in our area! Or do you mean dual agency?

Dec 12, 2016 05:17 PM
Rainmaker
5,868,538
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

No such thing -- either you are the agent or transaction broker.

Dec 14, 2016 01:27 PM
Rainmaker
900,128
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

Bad all around.

Dec 13, 2016 09:10 PM
Rainmaker
3,986,258
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

I have never done a  limited agency...

Dec 13, 2016 06:36 PM
Rainmaker
666,539
AJ Heidmann ~ CRS
McEnearney Associates, Inc. - Alexandria, VA
YOUR Alexandria & Arlington, VA Real Estate Expert

Oakly - It could be a good option for a person well seasoned in real estate like an investor, but many might be attracted by a corresponding limited fee.  As always, the devil is in the details and for the most part not the best option for most buyers or sellers, in my opinion.

Dec 13, 2016 05:42 PM
Ambassador
6,393,179
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Bad for the profession if what you are referring to is a discount broker who just posts on the mls for people then leaves them on their own.

But if you are talking dual agency then it can be a good thing if the agent is honest and the clients know what they are doing.

Dec 13, 2016 05:28 PM
Ambassador
5,229,951
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

I don't care for it and I definitely hate being the agent on the other side of a limited transaction!  I don't think clients know what they're doing - it's just like a FSBO - they THINK they do and that they need minimal representation but, as the agent & brokerage of a limited agency listing, you are still fully liable.  I wouldn't take my chances as a client or a brokerage/agent.

Dec 13, 2016 04:38 PM
Rainmaker
4,319,419
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Oakly Rogers - If they think they are okay with it - and so is the agent, why not?

Dec 13, 2016 03:27 PM
Rainmaker
4,800,082
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

If it's a limited agency, they are not clients, but customers.  Not necessarily a good thing for them.

Dec 13, 2016 02:29 PM
Rainmaker
1,502,998
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Not sure I understand the question.

Dec 13, 2016 10:10 AM
Rainmaker
4,434,127
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

It depends.

Dec 13, 2016 07:44 AM
Rainmaker
1,725,996
Sandy Padula & Norm Padula, JD, GRI
HomeSmart Realty West & Florida Realty Investments - , CA
Presence, Persistence & Perseverance

Chapter 1; Agency

Dec 13, 2016 07:30 AM
Rainmaker
5,216,398
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Allow the legislators in your state to define it for you. They all have opinions without any knowledge of the subject!

Dec 13, 2016 06:05 AM
Rainmaker
4,882,355
Richard Weeks
Dallas, TX
REALTOR®, Broker

Limited agency does not exist in Texas. 

Dec 13, 2016 05:30 AM
Rainmaker
921,504
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

Good for those who know what it means and prepared to be accept the outcome. Limited agency is an excellent choice for those with experience  in buying and selling  real estate.

Bad for those who are focused on the wrong outcome.

Really bad for those consuming false information.

Dec 13, 2016 04:29 AM
Rainer
213,263
Dennis Swartz
Full Circle Property Management - Columbus, OH
MBA, GRI...experience counts!

Overall its bad because its used to save money, which is the wrong reason to use it. But if you had a knowledgeable client, it works.

Dec 13, 2016 02:30 AM
Rainmaker
1,622,432
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

There are many cons and pros. I personally have no issues with dual agency, the key is to over-disclosure everything, preferably in writing. 

Dec 12, 2016 11:06 PM
Rainmaker
711,852
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

It is good for clients to know that a professional is working on their behalf.

Dec 12, 2016 08:48 PM
Rainmaker
1,157,785
FN LN
Toronto, ON

This concept does not apply in Ontario for real estate brokerage services.

Dec 12, 2016 08:00 PM
Rainmaker
4,160,412
John Pusa
Glendale, CA

Oakly Rogers It depends on the client.

Dec 12, 2016 06:37 PM
Rainmaker
1,052,211
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

Dual agency can be good for the client. It's not as good for the agent. Because the liability is increased and the compensation is usually not increased. And I'm not talking about double ending a deal either.

Dec 12, 2016 05:39 PM