Franchising in Residential Brokerage

John D. Benjamin (), Peter Chinloy (), Donald Jud () and Daniel T. Winkler ()
Additional contact information
John D. Benjamin: Kogod School of Business, American University, 4400 Massachusetts Ave., NW, Washington, DC 20016
Peter Chinloy: Kogod School of Business, American University, 4400 Massachusetts Ave., NW, Washington, DC 20016
Donald Jud: Bryan School of Business and Economics, University of North Carolina at Greensboro, Greensboro, NC 27412-5001
Daniel T. Winkler: Bryan School of Business and Economics, University of North Carolina at Greensboro, Greensboro, NC 27412-5001

Journal of Real Estate Research, 2006, vol. 28, issue 1, pages 61-70

Abstract: This paper explores the profitability of real estate franchises. The database for the study consists of observations from the National Association of Realtors©' 2001 survey of real estate brokerage firms. Franchises are found to generate additional revenue for franchisees. However, net margins defined as the difference between revenues received and expenses paid (including franchise royalties) are lower for firms with franchises. The findings indicate that franchisors appear to extract the excess rents from the franchisee.

JEL-codes: L85 (search for similar items in EconPapers)
Date: 2006
View list of references

Downloads: (external link)
http://aux.zicklin.baruch.cuny.edu/jrer/papers/pdf/past/vol28n01/04.61_70.pdf Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:jre:issued:v:28:n:1:2006:p:61-70

Ordering information: This journal article can be ordered from
Diane Quarles American Real Estate Society Manager of Member Services Clemson University Box 341323 Clemson, SC 29634-1323
http://aux.zicklin.b ... u/jrer/about/get.htm

Access Statistics for this article

Journal of Real Estate Research is edited by Dr. Ko Wang

More articles in Journal of Real Estate Research from American Real Estate Society
Address: American Real Estate Society Clemson University School of Business & Behavioral Science Department of Finance 401 Sirrine Hall Clemson, SC 29634-1323
Series data maintained by JRER Graduate Assistant/Webmaster ().