INTRODUCTION Real estate licensees, along with other business participants, are often subjected to various pressures that may compromise accepted ethical behavior. This paper examines the ethical values of real estate salespeople licensed in the state of Nevada. In particular, we examine five constructs, or domains, of ethics. The constructs investigated are; deceit (deceitful practices), fraud...

In this paper, according to economics of real estate and macro-control theory, combine with the characteristics of the real estate market, macro-control of the real estate market is studied. After giving the dynamic model of three-dimensional nonlinear differential equations based on the total number of houses on the real estate business, the government’s averages housing investment funds and t...

We investigate the relationship between real estate markets and bank distress among German universal and specialized mortgage banks between 1995 and 2004. Higher house prices increase the value of collateral, which reduces the probability of bank distress (PDs). But higher prices at given rents may also indicate excessive expectations regarding the present value of real estate assets, which can...

Simulation analysis of ex ante real estate investment returns can provide greater insights into real estate investment risks. Many real estate professionals fail to utilize risk-based metrics when valuing real estate properties, even after the benefits of representing returns as a range of probability-based outcomes have been widely publicized. The model created and described is this paper addr...

This paper investigates the role of fundamentals and investor sentiment in commercial real estate valuation. In real estate markets, heterogeneous properties trade in illiquid, highly segmented and informationally inefficient local markets. Moreover, the inability to short sell private real estate restricts the ability of sophisticated traders to enter the market and eliminate mispricing. These...

We use U.S. county data (3,058 observations) and 41 conditioning variables to study growth and convergence. Using ordinary least squares (OLS) and three-stage least squares with instrumental variables (3SLS-IV), we report on the full sample and metro, nonmetro, and and regional samples: (1) OLS yields convergence rates around 2%; 3SLS yields 6%–8%; (2) convergence rates vary (for example, the S...