Chinloy, Peter; Winkler, Daniel T. - In: Journal of Real Estate Research 32 (2010) 4, pp. 397-412
In a prevailing employment contract, the agent receives a proportional split of commissions. Alternatively, the agent receives a contract paying 100% of revenue above a fixed payment to the firm. In this contract the firm has a prior payment position, similar to a landlord or lender. The...
