Solved: When real estate agents sell their own houses rather than, Business Economics

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When real estate agents sell their own houses rather than

Real Estate Agents Assignment

When real estate agents sell their own houses, rather than clients' houses, they leave the houses on the market much longer and end up with much higher prices. Real estate agents' houses are on average on the market 10 days longer than clients' houses. The selling prices of real estate agents' houses are on average 2% higher than those of clients' houses. Explain this phenomenon. The length of the answer is one page double-spaced.

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