Abstract
This paper focuses on the impact that state sunset review has had on the real estate occupation's ability to restrict entry through the imposition of licensing requirements. The results presented indicate that the 1983 rejection rate for real estate brokers and salespersons was lower in states undergoing sunset review of real estate than in those states not undergoing such a review. Sunset appears to have the power to effect changes in the licensing behavior of the occupation considered in this analysis.
Similar content being viewed by others
References
Peltzman, S. (1976). Toward a more general theory of regulation. The Journal of Law and Economics 14 (August): 211–240.
Stigler, G.J. (1975). The theory of economic regulation. In G.J. Stigler, The citizen and the state: Essay on regulation, 114–144. Chicago: The University of Chicago Press.
Author information
Authors and Affiliations
Rights and permissions
About this article
Cite this article
Marvel, M.K. The impact of sunset review: A study of real estate licensing. Public Choice 58, 79–84 (1988). https://doi.org/10.1007/BF00183330
Issue Date:
DOI: https://doi.org/10.1007/BF00183330