Fee for service real estate virginia and much much more
Hourly (time accountable) real estate services are based on a fee for services basis; you agree to pay, and the broker agrees to charge, only for the type and amount of services used and the level of personnel assigned to your transaction. A senior level broker always leads the team. You and the brokerage agree on hourly rates and the amount of time expected to see your transaction through and memorialize your understanding with a scope of work agreement executed at the beginning of your working relationship; any additional work is approved by the client ahead of time. Hourly rates are based upon the level of personnel and type of services required by your transaction and the billing plan you select. Hourly real estate seller services can be split into two tiers: prelisting and postlisting services.