Research
Working papers on how real estate is actually brokered.
The Pieter Studio Real Estate Intermediation and Policy Series: the economics, law and practice of residential intermediation in Texas, written for the people who do the work and the people who set the rules.
2026
Two Payments, One Lease: The Separate Compensation of Apartment Locators and On-Site Leasing Agents in the Texas Multifamily Rental Market
Why apartment locator referral fees and on-site leasing agent bonuses are separate, non-rival payment streams, argued from the Texas Real Estate License Act, federal wage and tax authority, the economics of intermediation, and agency theory.
The Series
Seven papers are planned. The next ones are on the statute.
Short reads on the same ground, and on marketing, press and the machines, live in the Journal. The work the papers describe is what membership includes, at the Studio.