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Article
Publication date: 11 April 2022

David Rodriguez

Investors often utilize brokers to assist them in property acquisitions. These brokers are compensated through a cooperative commission, or bonus, that is publicized on the…

Abstract

Purpose

Investors often utilize brokers to assist them in property acquisitions. These brokers are compensated through a cooperative commission, or bonus, that is publicized on the listing service. The purpose of this paper is to determine the relationship between advertised compensation packages and selling price, time-on-market and listing characteristics.

Design/methodology/approach

To examine variables likely to influence earnings of the buyers' broker, this study utilizes multiple and logistic regressions. Given the range of prices found in the 196,276 listings, the data was sorted on listing price and then split into ten, approximately equal, deciles.

Findings

The explanatory power of models with cooperative commission as the dependent variable was highest in the lowest deciles with type of financing, size and distressed status being highly significant. When comparing list- to selling price the average was 96.1%. As cooperative commission increased, the higher priced parcels sold at a higher price relative to list price. This potentially justifies higher cooperative commissions or exemplifies the principal-agent problem where effort is based on potential earnings. Fixed bonuses were used predominately for parcels under $62,234, likely to provide a minimum earnings amount. However, surrounding the median, it seems they may differentiate a property.

Practical implications

This research provides insight for practitioners on the impact of different variables, including cooperative commissions, on sale price and time-on-market. For example, cooperative commission increased for properties in the outer deciles implying that agents may be compensating for suspected difficulty. Additionally, the seasonality findings imply that agents can determine when to list and when to provide a fixed bonus to solicit attention. Results also suggest that practitioners will find it beneficial to market at an appropriate price rather than list high to create negotiating room.

Originality/value

This paper follows only one paper that covered a similar topic. However, this paper uses twenty years of multi-unit property listings from a major US city from 1996 to 2015. The focus on multi-unit properties is an effort to focus on a more sophisticated group of buyers that may be more experienced and make decisions more rationally.

Details

Property Management, vol. 42 no. 2
Type: Research Article
ISSN: 0263-7472

Keywords

Book part
Publication date: 10 October 2019

David Rodríguez Goyes

In this chapter, I provide the conceptual and political pillars of a Southern green criminology. First, I define the concepts central to this book: ecological discrimination, a…

Abstract

Summary

In this chapter, I provide the conceptual and political pillars of a Southern green criminology. First, I define the concepts central to this book: ecological discrimination, a science to end discrimination and a science of the discriminated against. Second, I reflect on two expressions of ecological discrimination: speciesism and culturism. Building on those reflections, I provide the political and moral reasons why it is important to develop a science to end ecological discrimination.

Details

Southern Green Criminology: A Science to End Ecological Discrimination
Type: Book
ISBN: 978-1-78769-230-5

Keywords

Book part
Publication date: 10 October 2019

David Rodríguez Goyes

In this chapter, I present the scientific pillar of the project. Given the political proposal that informs the book, it is necessary for me to show why and how such an activist…

Abstract

Summary

In this chapter, I present the scientific pillar of the project. Given the political proposal that informs the book, it is necessary for me to show why and how such an activist endeavour as I propose produces valid and reliable knowledge. To this end, I deal with the historical debate about the role of the intellectual in society based on the ideal types of the neutral expert and the academic activist introduced in Chapter 2.

Details

Southern Green Criminology: A Science to End Ecological Discrimination
Type: Book
ISBN: 978-1-78769-230-5

Keywords

Book part
Publication date: 10 October 2019

David Rodríguez Goyes

In this chapter, I present the methodological pillar of a Southern green criminology. It may prove useful for researchers and students interested in developing a science to end…

Abstract

Summary

In this chapter, I present the methodological pillar of a Southern green criminology. It may prove useful for researchers and students interested in developing a science to end the ecological discrimination. My main concern in presenting this method is to upset the colonialist logic that sustains culturism and speciesism. In my ‘stereoscope’ of ecological discrimination, I aim to uncover harmful environmental practices that have a global reach and disproportionately affect the geographical and metaphorical Souths.

Book part
Publication date: 10 October 2019

David Rodríguez Goyes

Many of the human communities that comprise the South have cosmologies that place human and nonhuman animals on a continuum. Culturism, with its foreign logic and dynamics, has…

Abstract

Summary

Many of the human communities that comprise the South have cosmologies that place human and nonhuman animals on a continuum. Culturism, with its foreign logic and dynamics, has broken this continuum, thereby fuelling speciesist practices. In this chapter, I portray the deep relation that some rural Southern communities have with nonhuman animals, and analyse some of the imposed logics that lead the South to abuse nonhuman animals while denying that what they are doing is mistreatment.

Book part
Publication date: 10 October 2019

David Rodríguez Goyes

Land is a main component of the earth system and one of the ‘goods’ over which humans have waged many wars and conflicts throughout history. In this chapter, I present the…

Abstract

Summary

Land is a main component of the earth system and one of the ‘goods’ over which humans have waged many wars and conflicts throughout history. In this chapter, I present the empirical and discursive dynamics that lead to ecological discrimination regarding land. I focus on three means by which Southern land is legally grabbed: private armies, discourses and laws. Much land dispossession is illegal, but in this chapter I focus on the legal forms because they are equally harmful and most of the times invisible and thus more difficult to prevent.

Book part
Publication date: 10 October 2019

David Rodríguez Goyes

I dedicate half of the book to establishing the theoretical basis of a Southern green criminology as a science that contests ecological discrimination. My political premise for…

Abstract

Summary

I dedicate half of the book to establishing the theoretical basis of a Southern green criminology as a science that contests ecological discrimination. My political premise for such a theoretical design is that a Southern green criminology must seek to scientifically uncover the harmful practices that make the South victim to ecological discrimination. I use another five chapters to analyse the culturist and speciesist practices that create ecological discrimination against the diverse components of the earth system. In this concluding chapter, inspired by the interactions I have had with members of more than 20 Colombian Indigenous communities and my students, I formulate an everyday Southern green criminology practice for countering ecological discrimination – a critical pedagogy through Southern green criminology seedbeds.

Details

Southern Green Criminology: A Science to End Ecological Discrimination
Type: Book
ISBN: 978-1-78769-230-5

Keywords

Book part
Publication date: 10 October 2019

David Rodríguez Goyes

In this first chapter, I present green criminology as a project based on three pillars and characterised by two traits. I explain how one cultural model and one economic theory…

Abstract

Summary

In this first chapter, I present green criminology as a project based on three pillars and characterised by two traits. I explain how one cultural model and one economic theory have inspired most green criminology undertakings. But mainly, I argue that it is time for the structured appearance of a Southern green criminology, given that recent developments in green criminology show that North–South divides are a key driver of environmental harm.

Book part
Publication date: 10 October 2019

David Rodríguez Goyes

In this chapter, I present the philosophical pillars of a Southern green criminology. I develop this work by asking ultimate questions. First, I argue that green criminology has…

Abstract

Summary

In this chapter, I present the philosophical pillars of a Southern green criminology. I develop this work by asking ultimate questions. First, I argue that green criminology has yet to establish and develop the most important fundamental premises that every inquiry must have – ontological, epistemological and methodological premises. To fill that gap, I examine the philosophical beliefs that guide, sustain and legitimise environmental discrimination as well as its preventive practices. Building on that analysis, I present two major philosophies – atomistic and Gestalt – that are overarching worldviews that guide our interactions with nature. I establish a Gestalt philosophy as an inquiry paradigm that can serve as the basis of a Southern green criminology.

Details

Southern Green Criminology: A Science to End Ecological Discrimination
Type: Book
ISBN: 978-1-78769-230-5

Keywords

Book part
Publication date: 10 October 2019

David Rodríguez Goyes

In this chapter, I present the historical pillar on which a Southern green criminology can build new knowledge. Employing a genealogy of Southern green criminology, I show how the…

Abstract

Summary

In this chapter, I present the historical pillar on which a Southern green criminology can build new knowledge. Employing a genealogy of Southern green criminology, I show how the Global South was producing Southern and green criminological knowledge long before they became foci of academic research. Based on my historical account, I argue that the tradition of the Global South in producing knowledge useful for the prevention of ecological discrimination demonstrates that Southern green criminology is a potent and feasible project. But, I also warn of the threat posed by the dynamics that made Southern and green criminologies disappear in the past and that still exist today.

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