Open Access. Powered by Scholars. Published by Universities.®

Social and Behavioral Sciences Commons

Open Access. Powered by Scholars. Published by Universities.®

Economics

University of Kentucky

University of Kentucky Doctoral Dissertations

2009

Real estate|broker characteristics|agent characteristics|market struc-ture|pricing strategies

Articles 1 - 1 of 1

Full-Text Articles in Social and Behavioral Sciences

Three Essays On Residential Real Estate Brokerage, Jason S. Beck Jan 2009

Three Essays On Residential Real Estate Brokerage, Jason S. Beck

University of Kentucky Doctoral Dissertations

The first essay investigates how individual characteristics influence sales outcomes for houses they help transact. It develops hedonic housing models to assess the impacts of agent characteristics such as the level of recent and concurrent agent activity on sales outcomes (price and time on market). This is done in a Multiple Listing Service (MLS) setting using seven years of data obtained from a large Midwestern city. I find evidence that more active listing agents sell homes more quickly, though they do so to the detriment of final sales price. I also find that more listings concurrently held by agents have …