Intra-firm Real Estate Brokerage Compensation Choices and Agent Performance

被引:0
|
作者
Johnson, Ken H. [1 ]
Zumpano, Leonard V. [2 ]
Anderson, Randy I. [3 ]
机构
[1] Florida Int Univ, Miami, FL 33199 USA
[2] Univ Alabama, Tuscaloosa, AL 35487 USA
[3] Univ Cent Florida, Orlando, FL 32816 USA
关键词
D O I
暂无
中图分类号
F8 [财政、金融];
学科分类号
0202 ;
摘要
This paper seeks to empirically determine whether more skilled and productive real estate salespeople, identified as full-payout or 100% commission agents, have a discernable, systematic effect on property selling price and its marketing time. Two types of agents, 100%ers and split-commission agents, are identified and controlled for in hedonic pricing and duration models in order to examine the relationship between incentives and agent performance. The results reveal that 100% agents sell their listed properties faster and at premiums. This paper may also help explain the contradictory findings of earlier research.
引用
收藏
页码:423 / 440
页数:18
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