We examine neighborhood externalities that arise from the perceived risk associated with the proximity of a registered sex offender’s residence. We find large negative externality effects on a property’s price and liquidity, employing empirical techniques that include a fixed-effects OLS...

The literature on broker intermediation in residential real estate has shown positive pricing effects associated with the use of a broker and mixed results as far as the pricing effects of nonstandard commission structures. On the premise that real estate broker incentives emanate from two...

This study is the first to examine dual agency sales over the listing contract between seller and listing agent. We test hypotheses about the timing of dual agency and its effects on sales price and time on market. Probit results indicate that dual agency sales are more likely to occur near the...

This study examines potential incentive misalignments and informational efficiencies associated with dual agency and the degree to which those effects vary over a listing contract. The analysis generates hypotheses about timing of dual agency and its impact on selling price. Probit estimates...

This paper analyzes the effect that living near a sex offender has on the marketability of ones home. Specifically, we estimate the impact on a homes sales price, its list price, and on the length of time it takes to for the home to sell. Since the 1994 passage of Sexual Offender Act (known as...