Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
4636541 | Applied Mathematics and Computation | 2007 | 11 Pages |
Abstract
This article introduces new models of disintermediation of the real estate broker by the buyer or the seller. The decision to retain a real estate broker is critical in the property purchase/sale process. The existing literature does not contain analysis of: (1) information asymmetry, (2) the conditions under which it will be optimal to disintermediate the broker, (3) social capital and reputation, (4) the impact of different types of real estate brokerage contracts. The article shows that disintermediation of the real estate broker by the seller or buyer may be optimal in certain conditions.
Related Topics
Physical Sciences and Engineering
Mathematics
Applied Mathematics
Authors
Michael Nwogugu,