欢迎来到毕设资料网! | 帮助中心 毕设资料交流与分享平台
毕设资料网
全部分类
  • 毕业设计>
  • 毕业论文>
  • 外文翻译>
  • 课程设计>
  • 实习报告>
  • 相关资料>
  • ImageVerifierCode 换一换
    首页 毕设资料网 > 资源分类 > DOC文档下载
    分享到微信 分享到微博 分享到QQ空间

    房地产经纪人外文翻译

    • 资源ID:127533       资源大小:52.50KB        全文页数:8页
    • 资源格式: DOC        下载积分:100金币
    快捷下载 游客一键下载
    账号登录下载
    三方登录下载: QQ登录
    下载资源需要100金币
    邮箱/手机:
    温馨提示:
    快捷下载时,用户名和密码都是您填写的邮箱或者手机号,方便查询和重复下载(系统自动生成)。
    如填写123,账号就是123,密码也是123。
    支付方式: 支付宝   
    验证码:   换一换

     
    账号:
    密码:
    验证码:   换一换
      忘记密码?
        
    友情提示
    2、PDF文件下载后,可能会被浏览器默认打开,此种情况可以点击浏览器菜单,保存网页到桌面,就可以正常下载了。
    3、本站不支持迅雷下载,请使用电脑自带的IE浏览器,或者360浏览器、谷歌浏览器下载即可。
    4、本站资源下载后的文档和图纸-无水印,预览文档经过压缩,下载后原文更清晰。

    房地产经纪人外文翻译

    1、 英 文 翻 译 题 目 Buying a House and Decision to Use a Real Estate Broker 决定通过房地产经纪人买房子 姓 名 班 级 学 号 指导教师 1 原文: Buying a House and the Decision to Use a Real Estate Broker Introduction What is it that residential real estate brokers do and why would a home buyer engage their services? As is often the case

    2、, answering this question is not a simple task. Home buyers who acquire their house through a broker do not purchase just a house-they also obtain the services of the broker. In other words, these buyers are consuming a bundled good. One dimension of this good is lower search time, and thus lower se

    3、arch costs, associated with buying through a broker. Recent research (Baryla and Zumpano, 1995) suggests that choosing a broker improves the marginal efficiency of search, making it more likely that a buyer will find a satisfactory match earlier in the search process. Buying through a broker also in

    4、creases the supply of houses available to buyers, and provides buyers with information on the quality of different houses and the neighborhoods in which they are located. Brokers frequently help buyers identify sources of mortgage financing and property insurance, as well as assist buyers in recordi

    5、ng the title. All of these services suggest that brokers provide value added to buyers (in addition to providing a service to sellers), something that these buyers would be willing to pay for. Thus this bundle of services and the house that is purchased would, intuitively, be priced higher than home

    6、s purchased without the assistance of a broker. Several studies (Janssen and Jobson 1980; Jud and Frew, 1986) observe that buyers pay more for homes listed with brokers. It is not possible, however, to determine whether this applies to the entire residential housing market since research to this poi

    7、nt has relied on local data. Higher prices indicate willingness by buyers to pay more for broker-listed houses than those sold directly by owners. Alternatively, competition from for-sale-by-owner properties may prevent sellers from passing on commission costs to buyers in the form of higher prices.

    8、 Therefore, at issue is whether broker-assisted sales result in higher prices. If search duration is affected by broker assistance what about price? This study attempts to answer these questions by developing an empirically testable model of broker choice. In the process, this study should provide i

    9、mportant insights into the efficiency of the residential housing market as well as the effectiveness of brokers as market intermediaries. Specifically, this study examines the effects of a real estate broker by hypothesizing a two-stage process. In the first step a buyer decides whether to engage th

    10、e services of a broker to assist with the search. Empirically, this decision is modeled as a probity equation where the choice to use a broker is a function of such variables as the cause of the move (i.e. changes in the household, or 2 work-related moves), the income, age, experience, and market kn

    11、owledge of the buyer, and other buyer characteristics. The second step is the purchase. Here selling prices are modeled as a function of house characteristics, buyer characteristics, and whether the sale was broker-assisted. This approach should provide information about the determinants of housing

    12、prices. In particular, this model should allow us to determine whether the broker-assisted buyers and buyers for-sale-by-owner properties constitute segmented markets which would permit the maintenance of housing price differentials. This study uses cross-section data from a nationwide survey of rec

    13、ent homebuyers and sellers conducted by the Research Division of the National Association of Realtors. This database includes both broker-assisted sales and sales by owners, allowing an assessment of the impact of the real estate broker on selling price, and by implication, the value of the marketin

    14、g services which brokers provide to sellers. Our results indicate that indeed buyers who use brokers do pay more for their homes than those who do not buy through a broker. But our results also imply that it is not because these buyers have used a broker. Rather, this group of buyers would have paid

    15、 a higher price regardless of the means by which the purchase was consummated. These buyers have higher incomes, are more likely to be from out of town, are more likely to have employer assistance in the purchase-all factors that lead them to pay more for a house, but also to make them more likely t

    16、o use a broker in purchasing their home. When the decision to use a broker is accounted for, these buyers do not wind up paying more for their homes, and there is some evidence that they actually pay less than a comparable buyer who buys without an agents assistance. The layout of this study is as f

    17、ollows. The relevant literature is reviewed in section 2.In section 3 the data, variable selection, and model are described. Section 4 presents the empirical results, and the last section contains the conclusions of the study. Literature review A broad range of research has focused on the determinan

    18、ts of housing prices. These include traditional estimates of housing demand hedonic modeling of housing prices, the determinants of the tradeoff between price and time on the market, and models of the search process. Other literature has examined the role of real estate brokers and has focused on th

    19、e impact of brokers on buyer search, or has examined the welfare and/or moral-hazard implications of broker intermediation. Few studies have tried to measure the direct effects of real estate brokers on the housing market, and fewer still on home selling prices. The work that has been produced to date has often generated conflicting results. In part, these disparate results may reflect data availability problems, as virtually all of these earlier studies have been based on local data, and samples tended to be small, making generalizations difficult.


    注意事项

    本文(房地产经纪人外文翻译)为本站会员(泛舟)主动上传,毕设资料网仅提供信息存储空间,仅对用户上传内容的表现方式做保护处理,对上载内容本身不做任何修改或编辑。 若此文所含内容侵犯了您的版权或隐私,请联系网站客服QQ:540560583,我们立即给予删除!




    关于我们 - 网站声明 - 网站地图 - 资源地图 - 友情链接 - 网站客服 - 联系我们
    本站所有资料均属于原创者所有,仅提供参考和学习交流之用,请勿用做其他用途,转载必究!如有侵犯您的权利请联系本站,一经查实我们会立即删除相关内容!
    copyright@ 2008-2025 毕设资料网所有
    联系QQ:540560583