A Note on Agency Size and Brokerage Commission Splits

This paper develops a model to explain the commission split among cooperating real estate brokers operating within a multiple listing service where individual agencies are free to negotiate. The paper provides theoretical and empirical evidence that suggests that the amount of the total commission p...

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Veröffentlicht in:	The Journal of real estate research 1993-04, Vol.8 (2), p.287-291
Hauptverfasser:	Frew, James R., Jud, G. Donald, McIntosh, Will
Format:	Artikel
Sprache:	eng
Schlagworte:	Brokerages Cheating Housing market Multiple listing service Real estate Real estate industry Real estate sales Real estate titles Sales commissions
Online-Zugang:	Volltext
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Beschreibung
Zusammenfassung:	This paper develops a model to explain the commission split among cooperating real estate brokers operating within a multiple listing service where individual agencies are free to negotiate. The paper provides theoretical and empirical evidence that suggests that the amount of the total commission paid to a cooperating broker is a negative function of the size of the agency that lists the property for sale.
ISSN:	0896-5803 2691-1175
DOI:	10.1080/10835547.1993.12090709