Identification

• A limited listing agreement is often defined as a low-cost, fixed-fee product, as opposed to real estate agents working on commission. Sometimes, there is a sliding fee scale depending on the selling price. Usually, the fee starts as a commission, say 1 percent of the selling price until a price ceiling is reached.
  
  

Function

• All of these agreements entail listing properties on a Multiple Listing Service (MLS) or relevant real estate websites over a fixed period. A real estate agent fields inquiries, schedules viewings and forwards offers and counteroffers to the seller.
  
  

Full Service

• Full service agreements tend to be exclusive in nature so the real estate agent earns her commission regardless of who sells the property. Full-service agents also assist in presenting a property for sale and may offer legal, escrow and other financial services.