决定通过房地产经纪人买房子 毕业论文外文翻译

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1、英文翻译题目BuyingaHouseandDecisiontoUseaRealEstateBroker决定通过房地产经纪人买房子姓名班级学号指导教师原文：BuyingaHouseandtheDecisiontoUseaRealEstateBrokerIntroductionWhatisitthatresidentialrealestatebrokersdoandwhywouldahomebuyerengagetheirservices?Asisoftenthecase,answeringthisquestionisnotasimpletask.Homebuyerswhoacquiretheir

2、housethroughabrokerdonotpurchasejustahouse--theyalsoobtaintheservicesofthebroker.Inotherwords,thesebuyersareconsumingabundledgood.Onedimensionofthisgoodislowersearchtime,andthuslowersearchcosts,associatedwithbuyingthroughabroker.Recentresearch(BarylaandZumpano,1995)suggeststhatchoosingabrokerimprove

3、sthemarginalefficiencyofsearch,makingitmorelikelythatabuyerwillfindasatisfactorymatchearlierinthesearchprocess.Buyingthroughabrokeralsoincreasesthesupplyofhousesavailabletobuyers,andprovidesbuyerswithinformationonthequalityofdifferenthousesandtheneighborhoodsinwhichtheyarelocated.Brokersfrequentlyhe

4、lpbuyersidentifysourcesofmortgagefinancingandpropertyinsurance,aswellasassistbuyersinrecordingthetitle.Alloftheseservicessuggestthatbrokersprovidevalueaddedtobuyers(inadditiontoprovidingaservicetosellers),somethingthatthesebuyerswouldbewillingtopayfor.Thusthisbundleofservicesandthehousethatispurchas

5、edwould,intuitively,bepricedhigherthanhomespurchasedwithouttheassistanceofabroker.Severalstudies(JanssenandJobson1980;JudandFrew,1986)observethatbuyerspaymoreforhomeslistedwithbrokers.Itisnotpossible,however,todeterminewhetherthisappliestotheentireresidentialhousingmarketsinceresearchtothispointhasr

6、eliedonlocaldata.Higherpricesindicatewillingnessbybuyerstopaymoreforbroker-listedhousesthanthosesolddirectlybyowners.Alternatively,competitionfromfor-sale-by-ownerpropertiesmaypreventsellersfrompassingoncommissioncoststobuyersintheformofhigherprices.Therefore,atissueiswhetherbroker-assistedsalesresu

7、ltinhigherprices.Ifsearchdurationisaffectedbybrokerassistancewhataboutprice?Thisstudyattemptstoanswerthesequestionsbydevelopinganempiricallytestablemodelofbrokerchoice.Intheprocess,thisstudyshouldprov