A place to share thoughts on fee for service real estate maryland
A sophisticated client needs professional real estate representation only during contract negotiation and contingency fulfillment and in the event issues that require professional representation arise prior to closing. In a percentage based commission arrangement, brokers are paid only if the transaction successfully proceeds to its final conclusion. Brokers benefit from an hourly real estate services arrangement because they receive payment for their services whether or not the transaction actually closes. Hourly real estate is risk free for the broker; there is no need to absorb the loss of unearned commission or roll it over to the next transaction. Both client and broker come away happy from an hourly real estate services relationship.