limited service broker

limited service broker

A real estate broker who offers less than all the traditional brokerage services. Typically, the limited service broker provides sellers with listings on the local multiple listing service, and perhaps some advice and yard signs, in exchange for a flat fee that is fully earned whether the property sells or not.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
We were a limited service broker at 2%--we would give you a little print exposure, a little Internet exposure, but you would show your house yourself, you would close your own deal.