Real Estate Brokers: Do They Inflate Housing Prices? The Case of France

36 Pages Posted: 17 Dec 2007

See all articles by Arnaud Simon

Arnaud Simon

Université Paris Dauphine - Centre de Recherches sur la Gestion (CEREG)

Abstract

This study examines the impact of real estate brokers on the price of residential properties sold in 2005 in twelve French cities. The results indicate that brokers increase the prices of properties they sell even though they appear to have heterogeneous behaviours across cities. The impact of brokers also varies by property size and age of clients. One and two room apartments have higher selling prices when sold through brokers. Buyers in their thirties and forties who seek the assistance of brokers pay more for their homes whereas older sellers obtain higher prices from broker intermediation.

Keywords: residential real estate market, broker intermediation, brokers effect on price

Suggested Citation

Simon, Arnaud, Real Estate Brokers: Do They Inflate Housing Prices? The Case of France. Available at SSRN: https://ssrn.com/abstract=1073882 or http://dx.doi.org/10.2139/ssrn.1073882

Arnaud Simon (Contact Author)

Université Paris Dauphine - Centre de Recherches sur la Gestion (CEREG) ( email )

Paris Dauphine University
Place de Lattre de Tassigny
Paris, 75775
France

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