What is Limited Service?
The limited service real estate refers to a type of brokerage or listing service that offers a reduced range of services compared to a traditional full-service brokerage. This model is often favored by sellers seeking to save money and take on more responsibility in the selling process.
Key characteristics of limited service:
- Reduced fees: Sellers typically pay significantly lower fees than with full-service brokerages , as the agent's role is limited to tasks like listing the property on the MLS, providing basic marketing support, and assisting with paperwork. This approach allows sellers to retain control over the selling process while benefiting from key resources.
- Limited agent involvement: The agent's role is often more limited. The Limited Service Model relies heavily on technology in real estate to streamline the process. Sellers may use online platforms to manage listings, view offers, and communicate with buyers, making it a tech-savvy, low-cost alternative to traditional brokerage services.
- DIY components: Sellers are expected to handle many aspects of the sale themselves, such as scheduling showings, negotiating offers, and managing paperwork.
- Technology-focused: Limited service providers often rely heavily on technology platforms to streamline the selling process.