A Note on Licensing and the Market for Real Estate Agents

Posted: 20 Oct 2000

See all articles by G. Donald Jud

G. Donald Jud

University of North Carolina (UNC) at Greensboro - Department of Accounting and Finance

Daniel T. Winkler

University of North Carolina (UNC) at Greensboro - Department of Accounting and Finance

Abstract

This study develops and estimates a model of real estate agent demand and supply. The estimates of the model show that the licensing examination pass rate and the educational requirements set by state licensing boards affect the numbers and incomes of real estate agents. The study further shows that the demand for agents is related to economic activity in the housing market and that the supply of agents is very elastic with respect to agent earnings.

JEL Classification: J4, R3

Suggested Citation

Jud, G. Donald and Winkler, Daniel T., A Note on Licensing and the Market for Real Estate Agents. Journal of Real Estate Finance and Economics, Vol. 21, Issue 2. Available at SSRN: https://ssrn.com/abstract=237838

G. Donald Jud (Contact Author)

University of North Carolina (UNC) at Greensboro - Department of Accounting and Finance ( email )

P.O. Box 26165
Greensboro, NC 27412
United States
336-334-3091 (Phone)
336-334-4141 (Fax)

Daniel T. Winkler

University of North Carolina (UNC) at Greensboro - Department of Accounting and Finance ( email )

Greensboro, NC 27412
United States
336-256-0122 (Phone)

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