“Limited Service Agent” means a licensee who acts or represents on behalf of a client in relation to real property with one to four residential units in accordance with a brokerage agreement that provides that the limited service agent does not comply with one or more of the obligations set out in subsection A 2 of sections 54.1-2131, 54.1-2132, 54.1-2133; and 54.1-2134, including. A representative with limited service may only act as a representative or representative of the client if he indicates this in writing in the brokerage contract. If this is not provided for in the brokerage contract, the limited performance representative will be deemed to be the client`s independent contractor. But how to choose the best real estate agent for your home? With so many options available to us since real estate has been dominated by the internet, it may seem impossible to decide what kind of home selling strategy is right for you. So why choose a limited-service agent from a full-service agent? The answer comes down to money: buyers and sellers don`t want to pay for something they think they can do on their own. However, a glance at an agent`s fees does not give a complete picture. You can sometimes save commission fees by working with a limited-capacity agent, but full-service agents can usually offer you a better price for your home. (Sometimes) Lower fees: Compared to a traditional broker, brokers with limited service charge lower fees because they offer fewer real estate services. Because services are limited, homes tend to stay on the market longer than homes sold by traditional brokers. Limited-service brokers usually don`t offer much support beyond listing the property in the MLS. Unless otherwise specified in the agency contract, an agent may not disclose sensitive facts of the agent-principal relationship. In return for the services provided by the Agent, the Client must pay financial compensation.
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