Knowledgebase
LS / Limited Services Listings - What Does It Mean
Posted by Gary Bild on 21 May 2013 04:57 PM

LS Limited Services  Listings that you will be providing only a limited number of services. see below


7.2.1 Scope of Service; Limited Service Listings. Limited Service listings are listings whereby the

listing broker, pursuant to the listing agreement, will not provide one, or more, of the following

services:

(a) provide cooperating brokers with any additional information regarding the property not already

displayed in the MLS, but instead gives cooperating brokers authority to contact the seller(s) directly

for further information;

(b) accept and present to the seller(s) offers to purchase procured by cooperating brokers but instead

gives cooperating brokers authority to present offers to purchase directly to the seller(s);

(c) advise the seller(s) as to the merits of offers to purchase;

(d) assist the seller(s) in developing, communicating, or presenting counteroffers; or

(e) participate on the seller(s) behalf in negotiations leading to the sale of the listed property.

Said Limited Service listings will be identified with an appropriate code or symbol (e.g. “LS”) 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 broker’s clients, prior to initiating efforts to show or sell the

property.

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