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A Contingent Claims Analysis of Real Estate Listing Agreements

A Contingent Claims Analysis of Real Estate Listing Agreements This article examines real estate brokerage contracts as contingent claims. It derives terminal and boundary conditions for this contract. A Nelson and Ramaswamy (1990) style lattice is then developed to solve the partial differential equation for the value of the listing agreement. After identifying various parameters that determine the contract's value, those parameters are varied to examine their relative impact on the contract. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png The Journal of Real Estate Finance and Economics Springer Journals

A Contingent Claims Analysis of Real Estate Listing Agreements

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References (14)

Publisher
Springer Journals
Copyright
Copyright © 1998 by Kluwer Academic Publishers
Subject
Economics; Regional/Spatial Science; Financial Services
ISSN
0895-5638
eISSN
1573-045X
DOI
10.1023/A:1007767429717
Publisher site
See Article on Publisher Site

Abstract

This article examines real estate brokerage contracts as contingent claims. It derives terminal and boundary conditions for this contract. A Nelson and Ramaswamy (1990) style lattice is then developed to solve the partial differential equation for the value of the listing agreement. After identifying various parameters that determine the contract's value, those parameters are varied to examine their relative impact on the contract.

Journal

The Journal of Real Estate Finance and Economics – Springer Journals

Published: Oct 6, 2004

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