Technology and Real Estate Brokerage Firm Financial Perormance

John Benjamin, Peter Chinloy, Jud Donald and Daniel Winkler

Journal of Real Estate Research, 2005, vol. 27, issue 4, 409-426

Abstract: This study investigates the impact of Internet usage on the financial perormance of residential real estate brokerage firms using a database of over 1,700 observations. Factor loadings and a factor score or Internet usage are developed. The results show that Internet use is positively related to revenue and net income, and negatively related to net margin. In a second stage analysis, Internet use is ound to be positively associated with franchise affiliation, affiliation with a referral/relocation network and firm size, while negatively related to firm age, single-office firms and location in the West and South (relative to the Northeast).

Date: 2005
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Persistent link: https://EconPapers.repec.org/RePEc:taf:rjerxx:v:27:y:2005:i:4:p:409-426

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DOI: 10.1080/10835547.2005.12091166

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