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2020 Conference

del 18 al 20 de May del 2020

Proposal authors can use this tool to see where they have been placed in the agenda for a Symposium, an Oral Session, or a Featured Research Session Poster.

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E1a Agent Specificity During Boom and Bust

jueves, el 21 de mayo de 2020 a las 11:00–12:30 CDT
Room 1
Key Words

Agent Specificity, Transaction Cost Theory, Market Microstructure, Market Cycle

Short Description

The significance of this study is to provide an academic analysis that would benefit consumers and people related to consumer affairs in a real estate transaction. It analyzes the role of an agent in a real estate transaction and provides intuition on when and from what aspect an agent would be a useful resource. While the new platform increased the matching rate between the buyer and seller, perils of overpriced sales transactions do persist because the agent still remains in the equation. However, despite the costly fraction within the sales price, agents still provide advantages that make them remain useful. Thus, the informational advantage of the agent in a real estate transaction is a two-faced Janus that we observe especially since the dawn of the internet real estate age.

First & Corresponding Author

Seongsu Kim, University of Georgia
Authors in the order to be printed

Seongsu Kim

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