Who You Going to Call? Performance of Realtors and Non-realtors in a MLS Setting

Biqing Huang () and Ronald Rutherford ()

The Journal of Real Estate Finance and Economics, 2007, vol. 35, issue 1, 77-93

Abstract: This study attempts to shed some light on the extent of non-realtor broker listings on the MLS and their resulting price and time-on-the markets effects. Using duration, probit and selling price models, this study empirically examines whether the REALTOR designation provides a signal of quality that is reflected in the price and time on the market for sellers. Results indicate that properties listed by non-realtors on the MLS setting sell at lower prices, take slightly longer to sell, and are less likely to sell than properties listed by REALTORs in a MLS setting. Working with a REALTOR in a MLS setting appears to be advantageous to the seller. Copyright Springer Science+Business Media, LLC 2007

Keywords: Residential brokerage; Principle-agent; Realtors (search for similar items in EconPapers)
Date: 2007
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DOI: 10.1007/s11146-007-9029-7

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