个人代理人，企业和房地产经纪过程【外文翻译】

《个人代理人，企业和房地产经纪过程【外文翻译】》由会员上传分享，免费在线阅读，更多相关内容在学术论文-天天文库。

1、本科毕业设计（论文）外文翻译IndividualAgents,Firms,andtheRealEstateBrokerageProcessIntroductionThisstudyexamineshowindividualagentsaffecthousesellingpricesandtimeonthemarketwhilecontrollingforbrokeragefirm-specificeffectsaswellassupplyanddemandconditionsthatvarybyneighborhood.Theexistingtheoreticala

2、ndempiricalresearchonrealestatebrokeragetendstoblurthedistinctionbetweenthefirmandindividualagentswithinfirms.Asaconsequence,theempiricalliteraturestudyingthehousingmarket-brokernexusdealsprimarilywithidentifyingfirmleveleffectsinrealestatetransactionsandthegrowingstockofempiricalevide

3、nceoffersonlylimitedinsightintohowindividualagentcharacteristicsorstrategiesaffectsalesoutcomes.Thisstudyexaminestheeffectsofagents’uniqueskillsandrevealedstrategiesinthemarketasreflectedinvariousdegreesofagentspecializationbyfunction(e.g.,listing,selling,andpartnering)orbygeographicar

4、ea.ThispaperextendsthemodeldevelopedinTurnbullandDombrow(2006)tostudyindividualagenteffectsontransactionoutcomes.Theframeworkcontrolsforlocalizeddemandandsupplyconditionssurroundingthehousebeingsold,whichallowsustoseparatetheeffectsoflocalizedmarketconditionsfromtheeffectsofagentspecia

5、lizationacrosslocationsonpricesandmarketingtimes.Inaddition,thisapproachmodelsbothsellingpriceandmarketingtimeasendogenousinthesearch/matchingprocess,whichenablesustopickuptheseparateeffectsoffirmsandagentsonbothhousesalespriceandsalestime.Usingtransactiondatacoveringa2-yearperiodinBat

6、onRouge,Louisiana,wefindthatfirmsizeeffectsonsellingpricedisappearoncefirmspecializationandagentcharacteristicsaretakenintoaccount.Geographicconcentrationbyfirmsleadstohighersellingprices.Houseslistedandsoldbydifferentagentsinthesamefirmsellforless.Forindividualagents,neithersexnorsell

7、ingownlistingsaffectspriceorsellingtime,buttherearesignificantgainsfrompartneringtransactionsacrossfirms.Agentswhospecializeinlistingpropertiesobtainhigherpricesfortheirsellerswhilethosewhospecializeinsellingobtainlowerpricesfortheirbuyers.Housesnearertoothertransactionsofanagentsell