Expanding the Products and Services of Financial Institutions: The Case of Third Party Real Estate Brokerages

  • December 24, 1984
  • • Written by: Austin J. Jaffe J. Randall Woolridge

Fall/Winter 1984, Vol 9, No 2

Abstract: The deregulated environment of the financial system during the early 1980s has changed the nature of financial institutions. Once regarded as completely independent agency firms, real estate brokerage offices are one of the latest available activities for savings and loan associations in this new environment. This paper examines the controversies over so-called third party brokerages and discusses the economic motivations of depository institutions to expand into this area.