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Re:Terrible real estate agent photographs by jandrese on Friday June 30, 2023 @09:32AM (#36534561)
I wouldn't go quite that far. They also handle the paperwork and coordination with the other agent, which is not a trivial job. It's highly questionable if the value they add is worth 5% of the gross sale price of the house, especially in our amazingly inflated markets, but few if any agents seem interested in working at hourly rates.
Re:Terrible real estate agent photographs by robertlagrant on Friday June 30, 2023 @09:44AM (#36534782)
In the UK paperwork is mostly done - surprisingly slowly - by lawyers.
Re:Terrible real estate agent photographs by poulsbohemian on Friday June 30, 2023 @10:41AM (#36535731)
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Re:Terrible real estate agent photographs by jsight on Friday June 30, 2023 @11:09AM (#36536273)
Same in the US, and for a separate set of fees on top of the realtors 5-6%.
Re:Terrible real estate agent photographs by poulsbohemian on Friday June 30, 2023 @10:39AM (#36535704)
>few if any agents seem interested in working at hourly rates

It’s because most agents work as self-employed contractors under the auspices of a brokerage, and the brokerage is not going to allow that. And/ or, in a state using standardized legal documents, we don’t even have a form for that, which means we’d need to come up with an hourly contract from scratch - and the brokerages will put their foot down on that too.