Brokerage Firm Competition in Real Estate Commission Rates
This paper attempts to provide an explanation for the variance in real estate commission rates by analyzing the interaction of the real estate commission and the selling price of properties. The data presented here strongly suggest that there is competition in the rate of commission charged by real estate brokerage firms.
Volume (Year): 3 (1988)
Issue (Month): 2 ()
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References listed on IDEAS
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- Yinger, John, 1981. "A Search Model of Real Estate Broker Behavior," American Economic Review, American Economic Association, vol. 71(4), pages 591-605, September.
- John H. Crockett, 1982. "Competition and Efficiency in Transacting: The Case of Residential Real Estate Brokerage," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 10(2), pages 209-227.
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