[quote=sdrealtor] It wont work because most people dont actually buy from the agents they work with. They would spend alot of money for nothing.[/quote]

You make my point for me. An hourly arrangement would be more likely to eliminate economic waste. Ideally, we would prefer people to do most of their investigation on their own, and pay agents/attorneys only for the hours absolutely necessary. In the present system, there is a lot of “fat” in some transactions, which is not good for the economy as a whole.

For example, the buyer who we are under contract with has seen many many homes and has driven his agent crazy. If that same buyer could have been persuaded to have thought things out (or looked online, or whatever) ahead of time, their agent could have spent her time with someone else, potentially resulting in one or more additional sales.