@article{ART001726610},
author={Choi, Su-Gil and Choi, Hyung Suk},
title={A Study on the Plan to Establish the Specialized Escrow System for the Guarantee of Real Estate Transactions -Focused on the Determinants of the Establishment of the Escrow System-},
journal={Korea Real Estate Review},
issn={2092-5395},
year={2012},
volume={22},
number={3},
pages={187-213}
TY - JOUR
AU - Choi, Su-Gil
AU - Choi, Hyung Suk
TI - A Study on the Plan to Establish the Specialized Escrow System for the Guarantee of Real Estate Transactions -Focused on the Determinants of the Establishment of the Escrow System-
JO - Korea Real Estate Review
PY - 2012
VL - 22
IS - 3
PB - korea real estate research institute
SP - 187
EP - 213
SN - 2092-5395
AB - Seeing that real estate is high in price and play a role as the economic goods, real estate transactions are slightly guaranteed only as part of the post relief system in case the accident occurs in transactions. In case of the real estate agent is excluded in the direct real estate transaction between buyer and seller, the parties to the transaction are never guaranteed. From an economic perspective, it is urgent to establish the accident prevention system as such a real estate transaction leads to the outcome difficult to overcome.
Though the escrow system may not be obligatory in advanced countries such as the US and the like, it has been established as it has been mostly used in real estate transactions. On the other hand, it has been introduced in Korea 10 years ago and its need has been recognized by many real estate specialists. It has been suspended because of early trials and errors, it is a point in time to present the concrete plan to establish it through the analysis of the US escrow system firmly established in society.
This study attempted to compare and analyze establishment factor of the US escrow system operating at the level of real estate accident prevention and the factor impedimental to the escrow system in Korea, thereby eliciting its establishment factor appropriate to the Korean situation. And it attempted to present the plan to establishment the escrow system through the questionnaire research on real estate agents and transactors.
An attempt was made to analyze the establishment factor of the escrow system and make an empirical analysis of its establishment plan. As a result, the following results were obtained:First, real estate agents feel the need for the preventive measure for safe real estate transactions, indicating the will to adopt the escrow system. Second, they showed the will to adopt the escrow system as they had the higher degree of perceived future risk in the process of real estate transaction. And the parties to a transaction first showed a higher will to adopt the escrow system as they felt a need for it. Second, they showed the high will to adopt the escrow system as they felt a need for its establishment factor.
KW - escrow system;escrow establishment factor;escrow impedimental factor;escrow establishment plan
DO -
UR -
ER -
Choi, Su-Gil and Choi, Hyung Suk. (2012). A Study on the Plan to Establish the Specialized Escrow System for the Guarantee of Real Estate Transactions -Focused on the Determinants of the Establishment of the Escrow System-. Korea Real Estate Review, 22(3), 187-213.
Choi, Su-Gil and Choi, Hyung Suk. 2012, "A Study on the Plan to Establish the Specialized Escrow System for the Guarantee of Real Estate Transactions -Focused on the Determinants of the Establishment of the Escrow System-", Korea Real Estate Review, vol.22, no.3 pp.187-213.
Choi, Su-Gil, Choi, Hyung Suk "A Study on the Plan to Establish the Specialized Escrow System for the Guarantee of Real Estate Transactions -Focused on the Determinants of the Establishment of the Escrow System-" Korea Real Estate Review 22.3 pp.187-213 (2012) : 187.
Choi, Su-Gil, Choi, Hyung Suk. A Study on the Plan to Establish the Specialized Escrow System for the Guarantee of Real Estate Transactions -Focused on the Determinants of the Establishment of the Escrow System-. 2012; 22(3), 187-213.
Choi, Su-Gil and Choi, Hyung Suk. "A Study on the Plan to Establish the Specialized Escrow System for the Guarantee of Real Estate Transactions -Focused on the Determinants of the Establishment of the Escrow System-" Korea Real Estate Review 22, no.3 (2012) : 187-213.
Choi, Su-Gil; Choi, Hyung Suk. A Study on the Plan to Establish the Specialized Escrow System for the Guarantee of Real Estate Transactions -Focused on the Determinants of the Establishment of the Escrow System-. Korea Real Estate Review, 22(3), 187-213.
Choi, Su-Gil; Choi, Hyung Suk. A Study on the Plan to Establish the Specialized Escrow System for the Guarantee of Real Estate Transactions -Focused on the Determinants of the Establishment of the Escrow System-. Korea Real Estate Review. 2012; 22(3) 187-213.
Choi, Su-Gil, Choi, Hyung Suk. A Study on the Plan to Establish the Specialized Escrow System for the Guarantee of Real Estate Transactions -Focused on the Determinants of the Establishment of the Escrow System-. 2012; 22(3), 187-213.
Choi, Su-Gil and Choi, Hyung Suk. "A Study on the Plan to Establish the Specialized Escrow System for the Guarantee of Real Estate Transactions -Focused on the Determinants of the Establishment of the Escrow System-" Korea Real Estate Review 22, no.3 (2012) : 187-213.
