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Sex and Selling: Agent Gender and Power in the Resale Housing Market
Journal article   Open access   Peer reviewed

Sex and Selling: Agent Gender and Power in the Resale Housing Market

Duong T. Pham, Geoffrey K. Turnbull and Bennie D. Waller
The journal of real estate finance and economics, Vol.64(4), pp.473-499
05-01-2022

Abstract

Business & Economics Business, Finance Economics Social Sciences Urban Studies
This paper uses a search model with Nash bargaining to identify various channels through which agent gender affects selling price and selling time in the resale market for houses. The theory is used in conjunction with the empirical model to infer agent bargaining power when dealing with the same or opposite sex agents on the other side of the transaction. The results reveal that sellers set higher listing prices when working with male agents, a pattern consistent with sellers' ex ante beliefs that male agents enjoy greater expected bargaining power. Ex post agent bargaining power varies by sex and their role in the transaction. Female agents assisting buyers have stronger bargaining power when facing male listing agents than when facing female agents in rising or falling markets. The ex post bargaining power of male selling agents assisting buyers appears to be generally weaker than that of female listing agents.
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UN Sustainable Development Goals (SDGs)

This output has contributed to the advancement of the following goals:

#5 Gender Equality

Source: SDGs in the Output

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