Here's a very interesting article on a recent ruling regarding "limited service" brokers and their listings on sites like realtor.com. It's out of Austin, TX but the ramifications could be much more far reaching.
In a nutshell, the Federal Trade Commission (FTC) has ruled that the Austin Board of Real Estate must reverse an anticompetitive policy governing which listings are shown on Web sites.
"Discount broker" or not, every Realtor should read this...
Ruling broadens online real estate listings
I am wondering if in preparing a buyer agency agreement an agent should separate the "limited service" fees from the "full service fee".
As we all know working with a "limited service" broker or FSBO is much more time consuming and difficult than working with a full service broker who does his part of the job.
I always explain the ramafication of working with FSBO's to my clients, so now we need to expand that explanation to include the others as well.