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The Relative Performance of Real Estate Marketing Platforms: MLS versus FSBOMadison.com

  • Francois Ortalo-Magne

    (University of Wisconsin)

  • Aviv Nevo

    (Northwestern University)

  • Igal Hendel

    (Northwestern University)

A good real estate agent might make up some of the commision he or she is paid by helping the seller get a more favorable outcome. We match several data sets to compare the outcomes obtained by sellers who listed their home on a For-Sale-By-Owner (FSBO) web site versus those who used an agent and the Multiple Listing Service (MLS). We do not find that listing on the MLS helps sellers obtain a significantly higher sale price. Listing on the MLS does shorten the time it takes to sell a house.

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Paper provided by Society for Economic Dynamics in its series 2007 Meeting Papers with number 89.

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Date of creation: 2007
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Handle: RePEc:red:sed007:89
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