Appraising and Brokering in Estonian Housing Market: Different Forms and Norms of Professionalisation
AbstractForms and dynamics of institutionalisation that structure the market conduct and actors are essential for understanding the development of a young emerging market. In the paper, professionalisation as a process of occupational institutionalisation and professionalism as a value system are discussed on the conceptual and empirical level, conceiving them primarily as means to create social order in the market. The article focuses on respective processes in the Estonian housing market, comparing two fields of conduct: brokering and appraising of residential property. On the basis of qualitative analysis, the reasons why appraisers can be considered as professionally institutionalised in housing market while the field of brokering lacks certain substantial elements enabling to control the field successfully are discussed. However, on the level of everyday social interaction both the brokers and appraisers are socially constructing and maintaining the category of professionalism as a symbolic device, and as an important part of identity of the actors.
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Bibliographic InfoPaper provided by Tallinn School of Economics and Business Administration, Tallinn University of Technology in its series Working Papers with number 157.
Date of creation: 2007
Date of revision:
Publication status: Published in Working Papers in Economics.School of Economics and Business Administration,Tallinn University of Technology (TUTWPE), Pages 39-57
housing market; social order; residential property appraising; residential property brokering; professionalisation; professionalism;
Find related papers by JEL classification:
- D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights
- R31 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Production Analysis, and Firm Location - - - Housing Supply and Markets
- Z13 - Other Special Topics - - Cultural Economics - - - Economic Sociology; Economic Anthropology; Social and Economic Stratification
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Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Ene Kolbre & Angelika Kallakmaa-Kapsta, 2006. "Housing Market Development in Estonia: Is There a Real Estate Boom?," Working Papers 146, Tallinn School of Economics and Business Administration, Tallinn University of Technology.
- Veronika Ilsjan & Kaia Kask, 2005. "Practical Issues in the Valuation of Real Properties with Special Reference to Income Approach and Financial Reporting Purpose," Working Papers 132, Tallinn School of Economics and Business Administration, Tallinn University of Technology.
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