Typically a 30 hour work week - more right now - annual is in the mid 6 figures due to multiple roles and revenure streams

Good morning Richie. I once figured out how much my time was worth, it was a great exercise that everyone should do.

I have made a lot on some transactions, but I think this gets evened out with the more difficult ones, and the ones we never close. 

Well the hourly rate is better now than over the last 5-6 years.

The rule is you get what you pay for ! If you want a good agent you should pay more. You want to pay less then you get less . 

Richie - This is a great question, but there are just too many factors to simply break it down to an hourly rate. It would take me a long time to figure that one out.

However, our business model currently allows for each transaction to receive essentially the same fee (of course commissions are always negotiable), whether it is easy, or takes more time, effort, and money on our part. The only variable is with price. The higher priced property we sell, the more commission receive.

I don't think I'd like to know the running average Richie but the range has been between $7 an hour to $13,000 an hour. The sale prices were $28,500 and $6,600,000 respectively and without qualms.

Probably no less than what re attorney-broker charges in your area:

Proposed fee : $400-500/hr professional

$150-200/hr: non-professional duties

Direct hours (by someone that must be paid) range from 12 to 60 hours per transaction. Sometimes you need to visit City Hall and get zoning variance or deed abstracts removed or open and close those abandoned permits. Thank goodness short sales are mostly in the rear-view mirror!

The consumer would ALWAYS save money if they paid for professional service as those services are used, rather than defer them to closing. But, as we all know, folks do not want to incur out of pocket expenses. And agents often do not receive compensation for the work they do. So, by CHOICE of all involved, we have the costly deferred payment structure in place today.

Does it still honor fiduciary dynamics? I don't see why not.

Would I be deliriously happy investing 60 hours on a $40,000 condo...probably not, but I would do what is expected of me and next time look for a newbie to which I refer like-kind trasnsactions.

I would calculate the total number of hours annually that I felt I had "worked" divided by the gross income. Take out my direct real estate expenses, and the net needs to be worth it.

If I were to calculate by listing, some don't take that much time, others take up horrific number of hours. However, I spend a whole lot of time doing marketing etc. and that would not show up on one particular listing.

the challenge with each transaction that we handle is to secure the highest price and deliver the seller to the closing table as quickly as possible.... our goal is to get that listing pending within a couple of weeks....and closed within 30 to 45 days....the actual hours worked is minimal because we don't skip any steps up front...the bottom line is a figure that no one would pay us hourly....we are listing agents and the hours might be 5 to 15 hours of work with an average commission of $10,000 to $15,000 for each listing side of a transaction.