Real Estate Brokers: Do they inflate housing prices?
AbstractThis 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 brokers also varies by property size and age of clients. One and two room apartments have higher selling prices when sold through brokers. Buyers in their thirties and forties who seek the assistance of brokers pay more for their homes whereas older sellers obtain higher prices from broker intermediation.
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Bibliographic InfoPaper provided by HAL in its series Post-Print with number halshs-00197852.
Date of creation: 2011
Date of revision:
Publication status: Published, Bankers, markets and investors, 2011, .
Note: View the original document on HAL open archive server: http://halshs.archives-ouvertes.fr/halshs-00197852/en/
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Web page: http://hal.archives-ouvertes.fr/
residential real estate market; broker intermediation; brokers' effect on price;
This paper has been announced in the following NEP Reports:
- NEP-AGR-2011-02-05 (Agricultural Economics)
- NEP-ALL-2011-02-05 (All new papers)
- NEP-URE-2011-02-05 (Urban & Real Estate Economics)
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