HI James,
That is actually just an open listing. You can go directly to the owner and skip the Broker altogether. also any broker can go to the owner and negotiate directly. A limited listingis a made up term by Real Estate Brokers. Is it kosher? Yes as long as everyone involved knows the ramifications of it.
Personally, in this market, I recommend that all sellers use a good broker to sell their home. Since you would not perform surgery upon yourself or try to fix your own roof (i.e. you would get someone who knows how to do these things) you should get a professional to sell your home and make them contractually obligated to do so. It is a flooded market and you will need an exclusive contract to get your home sold.
All the best,
JOE GREENE
Broker/Owner
WEICHERT, REALTORS - House & Home
609 Kappock Street
Suite 1A
Bronx, NY 10463
(718) 432-5000 ext.601 (Office)
(718) 432-2091 (Fax)
(917) 974-2600 (Cell)
joegreene@weichert.com - Wed Nov 11 2009, 06:01