Why Do Real Estate Agents Buy Houses at Lower Prices ? Cherry Picking or Bargaining Power

@inproceedings{Agarwal2015WhyDR,
  title={Why Do Real Estate Agents Buy Houses at Lower Prices ? Cherry Picking or Bargaining Power},
  author={Sumit Agarwal and Jia He and Tien Foo Sing and Changcheng Song},
  year={2015}
}
Real estate agents play an important intermediary role in housing markets. We use a merged transaction dataset that identifies houses purchased by registered real estate agents (salespersons) and other buyers in Singapore to empirically test the hypothesis that real estate agents use information advantages to buy houses at bargained prices. We estimate that… CONTINUE READING