The impact of dual agency

Journal of Real Estate Finance and Economics

Volumn 35, Issue 1, 2007, Pages 39-55

  Gardiner, J'Noel ^a   Heisler, Jeffrey ^b   Kallberg, Jarl G ^c   Liu, Crocker H ^d  

^a PARK UNIVERSITY   (United States)

^b Gottex Fund Management   (United States)

^c NEW YORK UNIVERSITY   (United States)

^d ARIZONA STATE UNIVERSITY   (United States)

Author keywords

Brokerage; Property law; Real estate services

Indexed keywords

EID: 34250853706     PISSN: 08955638     EISSN: None     Source Type: Journal    
DOI: 10.1007/s11146-007-9028-8     Document Type: Article

References (32)

1. Anglin, P. (1997). The contribution of buyer brokerage. Journal of Housing Economics, 6, 277-292.
2. Anglin, P., Rutherford, R., & Springer, T. (2003). The tradeoff between the selling price of residential properties and time-on-the-market: The impact of price setting. Journal of Real Estate Finance and Economics, 26, 95-111.
3. Bajtelsmit, V. L., & Worzala, E. (1997). Adversarial brokerage in residential real estate transactions: The impact of separate buyer representation. Journal of Real Estate Research, 14, 65-75.
4. Black, R., & Nourse, H, (1995). The effect of different brokerage modes on closing costs and house prices. Journal of Real Estate Research, 10, 87-98.
5. Blumenthal, K. (1995). Could your broker be a double agent? Wall Street Journal, Sept. 8.
6. Brown, R. B., Grohman, J., & Valcarel, M. (1995). Real estate brokerage: Recent changes in relationships and a proposed cure. Creighton Law Review, 29, 29-97.
7. Bryan, T. B., & Colwell, P. (1982). Housing price indices. Research in Real Estate, 2, 57-84.
8. Bryanl, J. A., & Epley, D. R. (1992). The conditions and perils of agency, dual agency and undisclosed agency. Real Estate Law Journal, 117.
9. Case, K., & Shiller, R. (1989). The efficiency of the market for single-family homes. American Economic Review, 79(1), 125-137.
10. Clapp, J., & Giaccotto, C. (1992). Estimating price indices for residential property: A comparison of repeat sales and assessed value methods. Journal of the American Statistical Association, 57(418), 300-306.
11. Curran, C., & Schrag, J. (2000). Does it matter whom an agent serves? Evidence from recent changes in real estate agency law. Journal of Law and Economics, XLIII, 265-284.
12. Diamond, D. W. (1989). Reputation acquisition in debt markets. Journal of Political Economy, 97(4), 828-862.
13. Elder, H., Zumpano, L., & Baryla, E. (2000). Buyer brokers: Do they make a difference? Their influence on sale price and search duration. Real Estate Economics, 28, 337-362.
14. Federal Trade Commission (1983). The residential real estate brokerage industry. December, Staff Reports.
15. Frew.1. (1987). Multiple listing: Participation in the real estate brokerage industry. Journal of Urban Economics, 21, 272-286.
16. Genesove, D., & Mayer, C. (1997). Equity and time to sale in the real estate market. American Economic Review, 87, 255-269.
17. Hawaii Real Estate Commission (1987). Understanding agency disclosure.
18. Holmström, B. (1979). Moral hazard and observability. Bell journal of Economics, 13, 924-940.
19. Knight, J. (2002). Listing price, time on market, and ultimate selling prices: Causes and effects of listing price changes. Real Estate Economics, 30, 213-237.
20. Mayer, C. (1995). A model of negotiated sales applied to real estate auctions. Journal of Urban Economics, 38, 1-22.
21. Rutherford, R. C., Springer, T. M., & Yavas, A. (2005). Conflicts between principals and agents: Evidence from residential brokerage. Journal of Financial Economics, 76, 627-665.
22. Salant, S. W. ( 1991 ). For sale by owner: When to use a broker and how to price the house. Journal of Real Estate Finance and Economics, 4, 157-173.
23. Sappinglon, D. (1991). Incentives in principal-agent relationships. Journal of Economic Perspectives, 5, 45-66.
24. Shapiro, C. (1982). Consumer information, product quality, and seller reputation. Bell Journal of Economics, 13, 20-35.
25. Shapiro, C. (1983). Premiums for high quality products as returns to reputations. Quarterly Journal of Economics, 98, 659-679.
26. Springer, T. M. (1996). Single-family housing transactions: Seller motivations, price, and marketing time. Journal of Real Estate Finance and Economics, 13(2), 237-254.
27. Wheaton, W. (1990). Vacancy, search, and prices in a housing market matching model. Journal of Political Economy, 98(6), 1270-1291.
28. Williams, J. T. (1995). Pricing real assets with costly search. Review of Financial Studies, 8, 55-90.
29. Yavas, A. (1992). A simple search and bargaining model for real estate markets. AREUEA Journal, 20(4), 533-548.
30. Yavas, A. (1995). Can brokerage have an equilibrium selection role? Journal of Urban Economics, 37, 17-37.
31. Yavas, A., Miceli, T., & Sirmans, C. F. (2001). An experimental analysis of the impact of intermediaries on the outcome of bargaining games. Real Estate Economics, 29, 251-276.
32. Yinger, J. (1981). A search model of real estate broker behavior. American Economic Review, 71(4), 591-604.