Simulated comparisons of resale housing sales brokerage patterns

doi:10.16511/j.cnki.qhdxxb.2016.24.010

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Abstract The effects of resale housing sales brokerage patterns on buyer's utility were investigated by the buyer's utility for different brokerage patterns. Actual resale housing trading processes were used to develop mathematical models of the buyer's utility for "single broker" and "double broker" patterns. Matlab was then used to simulate the buyer's utility and related indexes. The findings show that the "single broker" pattern has smaller buyer to broker incentives than the "double broker" pattern, but the broker's search efforts and buyer's utility are bigger. From buyer's utility perspective, the buyer should select the "single broker" pattern to promote the resale housing trading process when all other variables are unchanged.

Keywords buyer's utility second-hand housing transaction brokerage pattern mathematical model

ZTFLH:

F293.35

Issue Date: 15 April 2016

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	ZHANG Hong
	ZHANG Yang
	LI Vera
	XU Zhao

Cite this article:

ZHANG Hong,ZHANG Yang,LI Vera, et al. Simulated comparisons of resale housing sales brokerage patterns[J]. Journal of Tsinghua University(Science and Technology), 2016, 56(4): 399-405.

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http://jst.tsinghuajournals.com/EN/10.16511/j.cnki.qhdxxb.2016.24.010 OR http://jst.tsinghuajournals.com/EN/Y2016/V56/I4/399

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