Cyclical Determinants of Brokerage Commission Rates

被引：0
作者：
Jonathan A. Wiley
Justin D. Benefield
Marcus T. Allen
机构：
[1] Georgia State University,Department of Real Estate, J. Mack Robinson College of Business
[2] Auburn University,Department of Finance, College of Business
[3] Florida Gulf Coast University,Department of Economics & Finance, Lutgert College of Business
来源：
The Journal of Real Estate Finance and Economics | 2014年 / 48卷
关键词：
Real estate brokerage; Listing agreements; Commission rates;
D O I：
暂无
中图分类号：
学科分类号：
摘要：
This study evaluates the determinants of percentage commission rates in the residential brokerage industry. The model developed here predicts that market share of the brokerage firm, property selling difficulty, and prevailing market conditions influence commission rates. Empirical analysis using a sample of 14,891 condominium transactions from the Fort Lauderdale, Florida area provides support for the model’s predictions.
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页码：196 / 219
页数：23
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