

3,074,716
I hear sounds of SoloPro in the background! Hourly rate approach to see a transaction through from start to finish - an interesting concept worth exploring. An unbundled option where different entities could conceivably be involved with different aspects of the transaction - 1 for showing, 1 for writing offers, 1 for transaction management (unless the Buyer does it themselves) - too many moving (and "unknown" parts) for my liking. Average Listing Side Commission divided by Average number of hours involved in a listing transaction would be one approach. To be more specific risks DOJ frowning... whether it's $$ or %% - still could be construed as "price fixing" discussion...
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Sandy Padula & Norm Pa...
, CA
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Tony and Suzanne Marri...
Scottsdale, AZ
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Candice A. Donofrio
Fort Mohave, AZ
846,575
I actually have done the math on this before about a decade ago and it was $350. With inflation I suppose that would work out to approx $500 p/h now.
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Sandy Padula & Norm Pa...
, CA
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Michael Scruggs
Houston, TX
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Nina Hollander, Broker
Charlotte, NC
1,113,198
We learned how to figure this out in ABR class, and it's not hard - gross annual ÷ hours worked. Sometimes, I put the top paid attorneys in the world to shame. Others, minimum wage woulda been a raise. ;)
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Sandy Padula & Norm Pa...
, CA
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Tony and Suzanne Marri...
Scottsdale, AZ
2,448,781
$1000 an hour.
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Sandy Padula & Norm Pa...
, CA
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Nina Hollander, Broker
Charlotte, NC
2,538,789
Good morning Val. I have been asked this question before. My face to face time or direct phone time would be at $500 per hour.
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Sandy Padula & Norm Pa...
, CA
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Nina Hollander, Broker
Charlotte, NC
1,759,037
I am in love with Lise Howe 's answer. If only we could see that happen!
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Joan Cox
Denver, CO
6,055,854
This is an interesting question, and did several years ago keep track, and found out what I made per hour. Have not had anyone ask to pay by the hour.
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Sandy Padula & Norm Pa...
, CA
5,585,039
I would determine what my income equates to on an hourly basis, and that's what I'd charge.... let's hope we never get to that point....
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Sandy Padula & Norm Pa...
, CA
1,466,257
Val Evans An agent friend always said he would charge one dollar more than his plumber. I believe you would have to charge on an hourly consulting basis. It would involve calculating overhead, expenses, etc. Putting a dollar figure can only be determined on what the local economy would bear. Right now I don't believe the consumer is ready to pay for services on a consulting basis.
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Sandy Padula & Norm Pa...
, CA
1,513,143
My thought would be in the $350 to $500 range and would love to be compensated this way on some deals.
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Sandy Padula & Norm Pa...
, CA
1,157,847
There are quite a few factors I take into account when determining hourly rates.
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Sandy Padula & Norm Pa...
, CA
921,504
As a part timer....$20 should do it for hiring someone with a second or third priority service.
Full timer, with real estate as the #1 priority will be worth considerably more.
I offer folks a pay-as-you-go option. No takers.
Over the course of a year what do you think the AVERAGE total hours (everyone in agents enterprise and affiliates) spend on each transaction will be? Without knowing this number, or establishing it, the outcome of the question will be pure sensationalism.
Closed a deal from offer to closing in one week...just last week. Hourly I made a LOT of money. BUT, two weeks ago, closed on a property that took over a year, lots of time invested. In the end, this turned into a non-profitable effort.
How will these issues be reconciled in the responses you will receive?
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Sandy Padula & Norm Pa...
, CA
1,713,581
5,389,961
1,677,946
I've done the math before. I was actually surprised.
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Sandy Padula & Norm Pa...
, CA
5,559,806
Great question! Depending on the service offered it would be a wide range!
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Sandy Padula & Norm Pa...
, CA
6,767,769
For most of our services we already do charge an hourly rate of 50-75/hr depending on which of us is doing the work.
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Sandy Padula & Norm Pa...
, CA
403,357
It's a better deal for sellers to pay the agreed upon compensation. Hourly would cost them more.
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Sandy Padula & Norm Pa...
, CA
929,809
What I would like to charge and what I get...there is a big spread. lol Have done a few classes where one of the activities have us divide our years income by approximated hours spent on RE. Not a pretty site. Mark
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Sandy Padula & Norm Pa...
, CA
1,683,918
I would have to do a Comparitive Market Analysis first. How else would I come up with a fair answer?
2,565
929,885
I've had some deals, where I'd be too embarassed to calculate what I wound up earning per hour! Hard to say... Don't you think our services are "priceless", in terms of protecting our clients and managing their risk?
617,985
Val,
The hourly rate would depend on what I’m asked to do. Doing research on my computer during “off hours” is worth less than putting on the suit to show commercial property.
94,155
According to NAR the median income for the average realtor is $45K per year. According to NAR the median hours worked is 40hrs. per week. Given those figures, the median hourly wage would equate to approx $24 per hour.
From the small sampling here on ActiveRain, the average hourly rate an agent said they make or would charge is $300 per hour. Given the NAR average hours, that would mean many of you here on ActiveRain either make, or could make $624K per year.
If many of you here are making, or could make $624K per year, that amount would definitely put you in the top 1% of realtors nationwide.
So which would be better for your bottom line? Charging an hourly rate, or charging a commission?
212,860
For me I would go between 600-1000 because of our service standards and everything we provide. Even an agent starting out I would think should charge at least 200-400.
3,988,144
Good question. I would charge something between $75-$200 per hour depending on what the level of service and expertise is required for the service rendered. Remember we pay all our expenses and have overhead that needs to be covered. Our average sale price is in the $160's so it is all relevant.
There are so many services we provide that we are not paid for that if a seller or buyer saw a per hour accounting, they might realize how vital we are to a transaction and those that are not serious would think before wasting out time.
67,419
I calculated out all a Real Estate agent does we are worth $300.00 an hour.