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Real Estate
Reply to "Agents Paid Hourly Rates"
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[quote=Anonymous][quote=Anonymous]You need to avoid all the big brokerages like Compass, Long & Foster, WFP, etc. Agents there have to follow strict orders on their commissions.[/quote] Agent for one of these big brokerages. We have no "orders," much less strict ones. We are told to be straightforward and transparent, and to negotiate our own commissions and know our value. That's it. Conspiracy theories abound. I rep buyers and sellers. Sellers have all chosen thus far to offer buyer commissions of at least 2.25%. Most are 2.5% from what I'm seeing from the buyers' end. One buyer wanted to see a property offering no commission. Of course we still saw it. Same as always. But, it was priced as if the seller was still paying the commission so buyer said no way. Not me. So far the buyers I'm working with are fine to pay commissions we've negotiated. They know I'm working my ass off and repping their interests, and I'm here to help them and not pressure them. Some would pay me more in an hourly structure than they are set to pay at closing, as we've literally viewed hundreds of properties and spent hours together over years. I'm sure there are some agents who will do hourly. I don't know who, though. I still feel that the majority of buyers benefit from having their own agent, versus don't. Some people understand the nuances and rep themselves well, but that is rare. Believe as you wish, but I've been at this over 20 years and truly do work to rep my clients and their interests to the fullest. [/quote]
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