This study examines the impact of real estate brokers on the price of residential properties sold in 2005 in twelve French cities. The results indicate that brokers increase the prices of properties they sell even though they appear to have heterogeneous behaviours across cities. The impact of...

We examine a unique Korean data set, the Kookmin Bank apartment price index, which is based on broker appraisals, in order to shed light on how brokers determine valuation over real estate cycles. We build a repeat sales apartment price index as well as a hedonic apartment price index by using...

We examine a unique Korean data set, the Kookmin Bank apartment price index, which is based on broker appraisals, in order to shed light on how brokers determine valuation over real estate cycles. We build a repeat sales apartment price index as well as a hedonic apartment price index by using...

The author constructs a theoretical model to examine the effects of an inherent conflict of interest between a seller of a house and the real estate broker hired by the seller. The model is then used to calibrate the broker's commission rates that would maximize the seller's expected gain. The...

Using a search-theoretical framework, we study how a home seller's choice of whether or not to use a broker depends on different market conditions. We analyze the role that the broker plays in the house-selling process by examining the expected time-to-transaction, the expected transaction...

This paper investigates the incentives of agents working with buyers (buying agents) under the fixed percentage commission system (FPCS) and the implications on housing market outcomes. Our model shows that the FPCS without a binding contract between the buyer and the buying agent could produce...

This paper has two goals: (a) To model and inherent conflict of interest between a seller of a house and the real estate broker hired by the seller. In this environment, the pressure brokers exert on sellers to reduce prices generates faster sales and hence reduces sellers' expected profit. (b)...

The current commission system in real estate brokerage misaligns agent and house seller interests, so real estate agents have strong incentives to mislead their clients by convincing them to sell their houses too cheaply and too quickly. This paper studies, being motivated by the commission...

This article examines the role of US real estate agents in redlining, reverse redlining, and greenlining practices. Redlining was the practice of the Federal government, private banks, and other institutions to deny credit to neighborhoods based on race. Reverse redlining is marketing inferior...

Women are better at multitasking than men, right? This stereotype spurs a great deal of public interest. A stream of psychology studies has explored the question using lab experiments with stylized tasks and found inconclusive evidence. We use multitasking as a lens to understand the gender...