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

  • Biqing HuangEmail author
  • Ronald Rutherford
Article

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.

Keywords

Residential brokerage Principle-agent Realtors 

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Copyright information

© Springer Science+Business Media, LLC 2007

Authors and Affiliations

  1. 1.Department of FinanceUniversity of Texas—San AntonioSan AntonioUSA

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