Abstracts for Vol.
All articles listed here are available for download in portable document format.
This study examines buyer search duration using a national database consisting of transactions conducted with and without the assistance of real estate brokers. The results of this study indicates that information asymmetries are present in the residential real estate market. On the other hand, buyers relocated by their employers spend less time looking for a home. This study employs ordered probit to estimate a model of buyer satisfaction with real estate brokerage services. We fail to find empirical support for the argument that brokerage firms and agents expend more effort to sell their own listings.