Description should include
- definition, costs and benefits to the client, and examples of
- full-service agency
- fee-for-service agency
- limited-service agency
- independent contractor
- identification of the types of marketing services offered by most real estate firms.
DPOR correlations: 18VAC135-20-400. 15 (Brokerage and agency contract responsibilities); 18VAC135-20-400. 16 (Real estate marketing)
Process/Skill Questions:
- What types of marketing services are offered by most real estate firms?
- What should be included in a limited-service agency agreement?
- What should agents consider when choosing a broker/real estate firm?
- How does the type of agency determine commissions?