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Fred Griffin Tallahassee Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

      Limited agency (no fiduciary), or Limited Services (for example, Flat Fee MLS)?

      Limited agency might be acceptable if a Broker is overseeing a transaction between family members, or business partners, or close friends.   

    Limited services can be good for Investors, dealers, flippers.  For example, I have an acquaintance who buys/sells 10 or 12 properties per year.  He knows more than most Realtors in this town.   He can show his own houses, etc. so limited services like Flat Fee MLS or a negotiated fee is to his advantage.

Apr 25, 2018 10:42 AM
Rainmaker
6,369,579
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Follow the rules in your state and the policies of your broker.

Apr 25, 2018 11:01 AM
Rainmaker
5,570,665
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

I have never participated in limited agency or dual agency.... we pick a side and stay there...

Apr 25, 2018 10:43 AM
Rainmaker
3,958,595
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

It depends.  Really.  On the situation/ circumstances.  On the client. On the timing. It really depends. 

Apr 25, 2018 10:21 AM
Rainmaker
1,361,958
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

I've never done limited agency.  Always full agency regardless of if I'm reping one or both sides.

Apr 25, 2018 11:48 AM
Rainmaker
3,908,646
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

I have no idea... I've never been a limited agent in my life and have no intention of starting now.

Apr 25, 2018 12:16 PM
Rainmaker
831,948
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

It's case by case. It could work for some, but not for others.

Apr 25, 2018 11:12 AM
Rainmaker
563,329
Maria Sapio
Keller Williams of Central PA - Carlisle, PA
Real Estate Agent- Carlisle, PA. Mariasapio.com

Thank you Fred Griffin 

Apr 25, 2018 12:59 PM
Rainmaker
3,985,771
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

I have not had that experience in 20 years

Apr 25, 2018 11:19 AM
Ambassador
3,001,787
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

No limits for me baby ..........

Apr 25, 2018 06:23 PM
Rainmaker
1,177,659
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

Never been one.

I'm all in or out.

Apr 25, 2018 04:28 PM
Rainmaker
5,368,342
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Bryan,

We are in the depends contingents.

Apr 25, 2018 12:21 PM
Rainmaker
3,873,651
Richard Weeks
Dallas, TX
REALTOR®, Broker

Not allowed in Texas so I have no idea.

Apr 25, 2018 12:18 PM
Rainmaker
1,044,289
Dave Martin (703) 585-4687
Fairfax Realty - Fairfax, VA
Making Realty Dreams a Reality #WeWillGetYouHome

Limited agency is just as it sounds (Limited) as Fred Griffin mentions Bryan Gardner 

May 01, 2018 10:04 AM
Rainmaker
868,474
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

There is no limit to my commitment to my clients.

Apr 28, 2018 02:26 PM
Rainmaker
4,799,356
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I don't do limited agent.

Apr 26, 2018 05:52 AM
Ambassador
4,312,167
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Bryan Gardner - very well said Fred Griffin

Apr 25, 2018 10:40 PM
Rainer
140,360
Richard L. McKinney P.A.
Atlantic Shores Realty Expertise - Port St Lucie, FL
For Results that MOVE you on the Treasure Coast!

Bryan Gardner Listen to me Grasshopper. You don't need to worry about the pros and cons of being a limited agent. 

You DO need to worry about gaining market knowledge, learning how to pace and lead a customer to making a buyer or selling decision, how to get buyers butts in your car looking at homes to buy AND get YOUR butt in sellers homes siging up listings. You master these things and you will be rich.

Everything else is common sense. 

Apr 25, 2018 08:40 PM
Rainmaker
512,674
Dan Tabit
Keller Williams Bellevue - Sammamish, WA

Less exposure, liability.  Fewer clients willing to accept this and will not understand and still expect full service and exposure. 

Apr 25, 2018 06:41 PM
Rainer
116,985
Christine Kankowski North SD and Temecula
House Match Inc - Poway, CA
Excellent Sales and Property Management

I had one person I did this for- All I did was generate the paperwork required, based upon his negotiation, his finding a buyer and negotiating price, his agreement upon repairs, etc. 

I found it hard to just stand back and still had to answer quite a few questions, etc.   I dont really do this anymore.  I either represent, or I dont.

 

For buyers who are willing to find the buyer on their own and come to me with price alreayd agreed upon, it defeinitely is good for some...

Apr 25, 2018 03:29 PM
Rainmaker
3,332,071
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Bryan Gardner I haven't involve in a limited agent transaction yet.

Apr 25, 2018 02:33 PM
Rainmaker
1,596,476
Valeria Mola
SIB Realty - Miami, Sunny Isles Beach - Sunny Isles Beach, FL
305-607-0709 SIB Realty Condos for Sale and Rent

For sure, a lot to learn about this subject and great answers.

Oct 27, 2018 03:47 PM
Rainmaker
2,062,259
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL
www.SIBRealty.org 305-931-6931

So many great answers. I hope one of them was right for you. 

Oct 27, 2018 03:45 PM
Rainmaker
4,736,785
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

When you join a broker, be sure to read their office policy.

Apr 29, 2018 06:46 PM
Rainer
87,820
Jeff Perlis Prime Properties
Prime Properties - Lake Arrowhead, CA
Experience Your Own Transformation!

Can I get a training answer? 

Apr 27, 2018 12:36 AM
Rainmaker
3,069,684
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Roy Kelley nailed this one!

Apr 26, 2018 06:32 AM
Rainmaker
3,297,332
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

There is no pros as it states it all. You are limited. I like to be full service meaning all in helping my client through each step of the buying or selling process

Apr 26, 2018 05:22 AM
Rainmaker
4,433,483
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Other sources have answered 

Apr 26, 2018 04:17 AM
Ambassador
4,091,861
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

I suppose limited liability and limited respect from your peers?

I don't know - I'm full-time and full-service - nothing limited here!

Apr 25, 2018 08:32 PM
Ambassador
3,986,518
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

Limited agency in not in the best interest of the client because they don't have all the services and representations of the agent. 

Apr 25, 2018 07:34 PM
Ambassador
5,215,199
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

Sometimes it take limited agency to get the job done, but as an agent I prefer to let someone else sell my properties.

Apr 25, 2018 05:13 PM
Rainmaker
1,707,347
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

It keeps your income down since you do so little to earn it.

Apr 25, 2018 01:28 PM