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Please use this identifier to cite or link to this item:
http://hdl.handle.net/2451/26068
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| Title: | The Residential Real Estate Brokerage Industry: What Would More Vigorous
Competition Look Like? |
| Authors: | White, Lawrence J. |
| Keywords: | Residential real estate
brokerage
commissions
competition
multiple listing service |
| Issue Date: | 6-Apr-2006 |
| Series/Report no.: | EC-06-06 |
| Abstract: | The residential real estate brokerage industry represents a troubling
instance of false appearances. Though the numbers of sales agents and
brokerage firms, plus easy entry, would appear to offer the promise of
vigorous competition, actual practices in the industry have caused
reality to fall substantially short of the potential. After recounting
the history of the transition of the securities industry from fixed and
non-competitive stock brokerage commissions to far more vigorous
competition, I draw on that experience to describe what vigorous
competition in the residential real estate brokerage industry would look
like. I also suggest public policy measures that would help bring about
more vigorous competition. |
| URI: | http://hdl.handle.net/2451/26068 |
| Appears in Collections: | Economics Working Papers
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