Title: Describe different types of real estate agencies.
Course: Real Estate (12154) > Section: Describing Real Estate Marketing

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?