My little rants on real estate commission discount
An hourly real estate brokerage tracks actual time spent per transaction and periodically bills during the life of the transaction. Buyers or sellers pay only for actual services rendered (just as they would with a lawyer or an accountant) and never more than three percent of the purchase or sale price of the home. The time spent is also tiered into the different levels of service rendered. In this billing structure, administrative and managerial tasks are billed at a rate different from those billed by professional real estate brokers. Hourly real estate services are provided by a team headed by a licensed real estate broker and comprised of experts who perform supportive functions, such as administration, transaction management and tours and inspections.