IDEAS home Printed from https://ideas.repec.org/a/taf/rjerxx/v32y2010i3p271-288.html
   My bibliography  Save this article

Listing Contract Length and Time on Market

Author

Listed:
  • Bennie Waller
  • Ray Brastow
  • Ken Johnson

Abstract

Miceli (1989), in a search for the optimal time to allow a broker to market property, posits that the principal (seller) may use the length of the listing contract to motivate the agent (listing broker) to better align incentives. Expanding slightly on Miceli, this work predicts that longer time allotted the broker to market residential property will decrease broker effort, resulting in lower search intensity and eventually a longer marketing span for property, ceteris paribus. This prediction is borne out across three empirical modeling methodologies commonly used in time-on-market studies.

Suggested Citation

  • Bennie Waller & Ray Brastow & Ken Johnson, 2010. "Listing Contract Length and Time on Market," Journal of Real Estate Research, Taylor & Francis Journals, vol. 32(3), pages 271-288, January.
    • Handle: RePEc:taf:rjerxx:v:32:y:2010:i:3:p:271-288
    DOI: 10.1080/10835547.2010.12091285
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/10835547.2010.12091285
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/10835547.2010.12091285?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:rjerxx:v:32:y:2010:i:3:p:271-288. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/rjer20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.