Introduction: Real Estate Brokerage




I would like to thank many anonymous referees and C. F. Sirmans for their help in making this issue possible.


  1. Fisher, L., & Yavas, A. (2006). A case for percentage commission contracts: The impact of a “Race” among agents. Working Paper.Google Scholar
  2. Hsieh, C.-T., & Moretti, E. (2003). Can free entry be inefficient? Fixed commissions and social waste in the real estate industry. Journal of Political Economy, 111, 1076–1122.CrossRefGoogle Scholar
  3. Levitt, S., & Syverson, C. (2005). Market distortions when agents are better informed: The value of information in real estate transactions. National Bureau of Economic Research, NBER Working Paper 11053.Google Scholar
  4. 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.CrossRefGoogle Scholar
  5. Williams, J. T. (1998). Agency and brokerage of real assets in competitive equilibruim. Review of Financial Studies, 11, 239–280.CrossRefGoogle Scholar

Copyright information

© Springer Science+Business Media, LLC 2007

Authors and Affiliations

  1. 1.Elliott Professor of Business AdministrationPenn State UniversityUniversity ParkUSA

Personalised recommendations