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International Comparisons of Real Estate E-nformation on the Internet

Author

Listed:
  • Carl R. Gwin

    (Baylor University, Waco, TX 76798-8003)

Abstract

How much information should brokers supply on a website? The Internet allows brokers to reduce the cost of providing information to potential buyers. However, brokers may risk disintermediation if they provide too much information. This paper presents a model of a broker’s choice of how much information to provide on a website. The model considers buyers’ tradeoffs between hiring a broker and gathering information on their own. It then investigates why real estate brokers in different countries provide different amounts of information on websites. Tests reveal that information provided on broker websites depends on the search cost of prospective buyers.

Suggested Citation

  • Carl R. Gwin, 2004. "International Comparisons of Real Estate E-nformation on the Internet," Journal of Real Estate Research, American Real Estate Society, vol. 26(1), pages 1-24.
  • Handle: RePEc:jre:issued:v:26:n:1:2004:p:1-24
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    Citations

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    Cited by:

    1. Solano Sánchez, Miguel Ángel & Núñez Tabales, Julia M. & Caridad y Ocerin, José M., 2021. "Un modelo hedónico para los alquileres turísticos en la ciudad de Sevilla. || A hedonic model for the vacation rentals in the city of Seville," Revista de Métodos Cuantitativos para la Economía y la Empresa = Journal of Quantitative Methods for Economics and Business Administration, Universidad Pablo de Olavide, Department of Quantitative Methods for Economics and Business Administration, vol. 31(1), pages 144-160, June.
    2. Larceneux, Fabrice & Lefebvre, Thomas & Simon, Arnaud, 2015. "What added value do estate agents offer compared to FSBO transactions? Explanation from a perceived advantages model," Journal of Housing Economics, Elsevier, vol. 29(C), pages 72-82.
    3. Julia M. Núñez-Tabales & Miguel Ángel Solano-Sánchez & Lorena Caridad-y-López-del-Río, 2020. "Ten Years of Airbnb Phenomenon Research: A Bibliometric Approach (2010–2019)," Sustainability, MDPI, vol. 12(15), pages 1-16, August.
    4. José António C. Santos & Manuel Á. Fernández-Gámez & Miguel Ángel Solano-Sánchez & Francisco José Rey-Carmona & Lorena Caridad y López del Rio, 2020. "Valuation Models for Holiday Rentals’ Daily Rates: Price Composition Based on Booking.com," Sustainability, MDPI, vol. 13(1), pages 1-15, December.
    5. Sheen Low & Fahim Ullah & Sara Shirowzhan & Samad M. E. Sepasgozar & Chyi Lin Lee, 2020. "Smart Digital Marketing Capabilities for Sustainable Property Development: A Case of Malaysia," Sustainability, MDPI, vol. 12(13), pages 1-40, July.

    More about this item

    JEL classification:

    • L85 - Industrial Organization - - Industry Studies: Services - - - Real Estate Services

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