To a seller, the value add is the outcome of selling the property, not the effort put in by the realtor. Why doesn’t it then make sense for realtors who provide equivalent value quicker, to be paid more per hour?
Because absent their monopoly on certain types of advertising, competitors could offer the same value for much less. In retrospect I suppose the actual problem is then the monopoly power not strictly the effort from the seller or lack thereof. I’ll add to the OP to reflect that/cross out what I no longer endorse.
To a seller, the value add is the outcome of selling the property, not the effort put in by the realtor. Why doesn’t it then make sense for realtors who provide equivalent value quicker, to be paid more per hour?
Because absent their monopoly on certain types of advertising, competitors could offer the same value for much less. In retrospect I suppose the actual problem is then the monopoly power not strictly the effort from the seller or lack thereof. I’ll add to the OP to reflect that/cross out what I no longer endorse.