When real estate agents sell their own, rather than clients, houses, they leave the houses on the

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When real estate agents sell their own, rather than clients’, houses, they leave the houses on the market for a longer time (10 days longer on average) and wind up with better prices (2% higher on average). Why?

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Managerial Economics A Problem-Solving Approach

ISBN: b00btm8fk0

2nd Edition

Authors: Luke M. Froeb, Brain T. Mccann

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Question Posted: Jan 21, 2012 07:05 AM

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When real estate agents sell their own, rather than clients, houses, they leave the houses on the

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This is a classic principalagent conflict Real estate agents are compensated with a percenta...View the full answer

Managerial Economics A Problem-Solving Approach

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