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[quote=Anonymous][quote=Anonymous][quote=Anonymous]+1

50 hours on average is enough.

Tippy Toppy agents should get 100 bucks an hour and it will be 5K extra frcition cost for a buyer.

Couple of thousands should be enough in most cases just like all other countries. Agents are not doing anything extra in US for charging that high.[/quote]

Me personally, I’d be fine with it. For every client where I get an easy commission, there are many clients who I have worked with for many hours who don’t buy.  Some kind of a retainer upfront where I am making a guaranteed 5k per 
client would be just fine with me.  
[/quote]

The problem you will face is competition. There will be new buyers agents (or even existing ones) who will undercut you. You won't be able to make a backdoor agreement with other buyers agents to not lower your prices or retainers. In fact, any discussion of pricing with a fellow buyers agent would be called "price fixing" under antitrust laws and you could be subject to criminal prosecution if someone rats you out. (If you think that doesn't happen, think again...the FTC and the DOJ have co-jurisdiction and routinely bring criminal antitrust cases against price-fixing conspirators in all sorts of industries. It usually takes someone flipping on you, and then your busted).

You are now in a competitive market, and that is why the experts are predicting that hundreds of thousands of buyers agents will leave the industry.

One nuance that is missed though is that most agents are both buyers and sellers agents. So, even sellers agents may be forced to leave the industry as they lose a major stream of revenue. [/quote]

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