Although agent effort is essential and a given in the residential brokerage market, it is difficult to observe and quantify. We estimate a simultaneous systems model using virtual tours as a proxy for observable agent effort. By studying a period during which a visible technological innovation...

With the gradual advancing of the construction of smart city, the new generation of information technology represented by the Internet of Things, Big Data, Mobile Internet, etc. has caused a strong impact on the existing business model of Chinese Real Estate enterprises. In this situation, how...