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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Cartel system is broken.

System will find it's floor like many other developed countries where it cost 1-2% total.

Stock brokers used to cahrge useless fees and cartel was broken eventually. About time, americans stop wasting 5% of biggest purchase of their life. Agent can be useful but not as much as 5%.

30-40 bucks an hour is more than enough. 
10 hours - 400 bucks
100 hours - 4000 bucks
200 hours - 8000 bucks

Hourly contract just like any other work will do fine.

[/quote]

There is no way that I would represent anybody and do 10 hours of work to collect $400. However, I am now thinking about getting a brokers license and starting an hourly brokerage that represents Buyers.  I’ll hire a bunch of novice real estate agents and take a cut of their business. [/quote]

Sure, you can charge 50-60 bucks an hour or if you think you are really someone special even 100 bucks an hour. 100 bucks hourly rate is very high and most skilled progfessions don't get that.

For 10 hour it will come to 1000 bucks
For 50 hours it will come 5000 bucks

So depending on hours spend you will get paid just like any other labor. It's fair to you because you get paid based on what time you have to sepnd and its fair to buyer as well. Both sides should be happy. yrs, hiring people by opening a broker is not a bad idea. Industry will settle on a lot lower cost of doing transaction for house like it's in most countries. Good agent/broker will still make a good living but time for poecketing 10K for 5 hours of work is over.[/quote]

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