What is the role of a limited service agent?

A limited service agent primarily focuses on specific tasks within a real estate transaction rather than offering a full range of services. Their main role often involves listing the property only, which includes tasks such as marketing the property, entering it into the Multiple Listing Service (MLS), and representing the seller in negotiating offers. This limited approach contrasts with a traditional full-service agent who would provide comprehensive fiduciary representation throughout the entire buying or selling process, which often includes managing all phases of the transaction from listing through closing.

In the context of this role, limited service agents are not typically involved in all aspects such as conducting open houses or providing advice and assistance through every phase of the transaction. Instead, they allow the property owner to manage some parts of the process independently while still providing them with the visibility and market access afforded by being listed in the MLS. Understanding this distinction clarifies the specific nature of what a limited service agent provides versus full-service or more involved agents.