Limited Service Listing definition
Limited Service Listing means a form of listing submitted to the MLS under which the listing broker will provide at least one but not all of the following services: (a) present offers to purchase directly to the seller; (b) advise the seller as to the merits of the offer; (c) the seller in developing, communicating or presenting counteroffers; or (d) participate on the seller’s behalf in negotiations leading to the sale of the listing property.
Limited Service Listing means a listing agreement in which the listing broker will not provide one or more of the following services: (1) Arrange appointments for cooperating brokers to show listed property to potential purchasers; (2) Accept and present to the seller(s) offers to purchase procured by cooperating brokers;
Limited Service Listing means the listing broker must identify a limited service listing on the property data form with an appropriate code or symbol (e.g., LR) in MLS compilations so potential cooperating brokers will be aware of the extent of the services the listing broker will provide to the seller(s), and any potential for cooperating brokers being asked to provide some or all of these services to listing brokers’ clients, prior to initiating efforts to show or sell the property. All other aspects of limited service listings
Examples of Limited Service Listing in a sentence
See Scope of Service in the Residential Limited Service Listing Agreement.
The Company agrees to: List Home in the MLS A Limited Service Listing.
This Limited Service Listing Contract ("Contract") is entered into as of the day of , 20 (the “Effective Date”), by and between Brokerage Firm (Brokerage Firm and Broker are hereinafter together “Broker”) and Property Owner.