A Note on Agency Size and Brokerage Commission Splits

James R. Frew (), G. Donald Jud () and Willard McIntosh
Additional contact information
James R. Frew: Department of Economics Willamette University 900 State Street Salem, Oregon 97301, http://www.willamette.edu/cla/economics/
G. Donald Jud: Department of Finance Bryan School of Business and Economics University of North Carolina at Greensboro Greensboro, North Carolina 27412, http://www.uncg.edu/bae/index.html
Willard McIntosh: Department of Finance College of Business Administration University of Kentucky Lexington, Kentucky 40506, http://gatton.uky.edu/Academic/Management/Finance/finance.html

Journal of Real Estate Research, 1993, vol. 8, issue 2, 287-291

Abstract: This paper develops a model to explain the commission split among cooperating real estate brokers operating within a multiple listing service where individual agencies are free to negotiate. The paper provides theoretical and empirical evidence that suggests that the amount of the total commission paid to a cooperating broker is a negative function of the size of the agency that lists the property for sale.

JEL-codes: L85 (search for similar items in EconPapers)
Date: 1993
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Citations: View citations in EconPapers (5)

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