Appraising and Brokering in Estonian Housing Market: Different Forms and Norms of Professionalisation
Forms 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.
|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|
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- 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.
- Ilsjan, Veronika, 2003. "Current issues in real property appraisal in Estonia," ERES eres2003_309, European Real Estate Society (ERES).
- 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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