Jares, Timothy E.; Larsen, James E.; Zorn, Thomas S. - In: Journal of Real Estate Research 20 (2000) 1, pp. 49-59
This article presents an alternative system for selling real estate. It overcomes the well-known deficiencies of the percentage commission system. In our system, the agent purchases the property from the seller and simultaneously receives a put option. The put option gives the agent the right to...
