The Limited Service Listing Agreement emerged as a response to market demand for more flexible and cost-effective real estate services in Canada. This document is typically used when property owners wish to handle certain aspects of the sale process themselves while still benefiting from specific professional real estate services. The agreement must comply with provincial real estate regulations and clearly outline the scope of services provided. It details the specific duties the brokerage will perform, such as MLS listing or basic marketing services, while explicitly stating which traditional services are excluded. This type of agreement is particularly relevant in cases where experienced sellers want to save on commission costs and are comfortable managing certain aspects of the sale process independently. The document includes essential elements such as property details, commission structures, term duration, and specific service inclusions/exclusions, all while maintaining compliance with Canadian real estate laws and regulations.
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1. Parties: Identification of the seller/property owner and the real estate brokerage, including full legal names and contact information
2. Background: Context of the agreement, including acknowledgment that this is a limited service arrangement
3. Definitions: Key terms used throughout the agreement, including specific real estate terminology and service-related definitions
4. Property Details: Complete description of the property being listed, including legal description and current condition
5. Term of Agreement: Duration of the listing agreement, including start and end dates
6. Listing Price: Agreed listing price and any conditions regarding price adjustments
7. Services Included: Detailed description of specific services the brokerage will provide under this limited service agreement
8. Services Excluded: Explicit listing of services that are NOT included in this limited service agreement
9. Commission Structure: Detailed breakdown of commission rates and payment terms
10. Seller's Responsibilities: Clear outline of duties and tasks the seller must handle due to the limited service nature
11. Brokerage Responsibilities: Specific obligations and duties of the brokerage within the limited service scope
12. Termination: Conditions and process for ending the agreement by either party
13. Governing Law: Specification that the agreement is governed by Canadian law and applicable provincial regulations
14. Signatures: Execution section including date and signatures of all parties
1. Multiple Listing Service (MLS) Terms: Include when the property will be listed on MLS, specifying terms and requirements
2. Marketing Services: Include when specific marketing services are being offered as part of the package
3. Photography Services: Include when professional photography is part of the service package
4. Virtual Tour Services: Include when virtual tour creation is part of the service package
5. Holdover Clause: Include when protection is needed for the brokerage after agreement termination
6. Property Management: Include when temporary property management services are part of the agreement
7. Dispute Resolution: Include when specific arbitration or mediation procedures are desired
8. Assignment: Include when transfer rights need to be addressed
1. Schedule A - Property Details: Detailed property description, including lot size, features, and improvements
2. Schedule B - Service Package Details: Comprehensive breakdown of included and excluded services
3. Schedule C - Fee Structure: Detailed breakdown of all fees and commission structures
4. Schedule D - Seller's Disclosure Statement: Property condition disclosure and known issues
5. Appendix 1 - Marketing Plan: Optional detailed marketing strategy and timeline if marketing services are included
6. Appendix 2 - Required Seller Tasks: Checklist of responsibilities the seller must handle due to limited service nature
7. Appendix 3 - Property Photos: Current property photographs and image usage rights
8. Appendix 4 - MLS Data Form: Required information for MLS listing if applicable
Relevant legal definitions
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Relevant Industries
Real Estate
Property Management
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Professional Services
Residential Property
Commercial Property
Property Development
Relevant Teams
Legal
Real Estate Operations
Compliance
Contract Administration
Sales
Document Processing
Client Services
Business Development
Risk Management
Transaction Processing
Relevant Roles
Real Estate Agent
Real Estate Broker
Property Manager
Real Estate Attorney
Compliance Officer
Contract Administrator
Real Estate Manager
Legal Counsel
Brokerage Owner
Sales Director
Transaction Coordinator
Document Specialist
Business Development Manager
Client Services Manager
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