Zumpano, Leonard V; Elder, Harold W; Baryla, Edward A - In: The Journal of Real Estate Finance and Economics 13 (1996) 2, pp. 169-81
This study examines the factors that affect the decision by home buyers to use real estate brokers and the subsequent effect this decision has on home prices. Buyers with high opportunity costs and the least amount of information about local market conditions are the most likely to use brokers;...