The welfare effects of non-price competition among real estate brokers

Article Abstract:

A study was conducted to evaluate the role of real estate brokers in the development of transactions costs for the housing market. The study considers the possible welfare effects of such brokers and focuses on non-price competition. Results show that excessive commission rates generate welfare gains depending on the existing market set-up for brokers. Low transactions costs raise market welfare gains while non-price competition negates any such gain.

Real estate management

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NAR works for you: 1998 annual report

Article Abstract:

The National Assn of Realtors (NAR) made big strides in all of its five strategic initiatives, said 1998 NAR Pres R. Layne Morrill. With NAR's leadership, the industry found itself with new critical business platforms in 1998, added Morrill.

Morrill, R. Layne

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1999 annual report

Article Abstract:

Issues are presented concerning the achievements of the National Association of Realtors (NAR) in 1999. The NAR's marketing and management strategies are discussed together with its use of national dues.

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