Leonard V. Zumpano
Leonard V.
Zumpano
Professor of Finance and Alabama Association of Realtors Chair of Real Estate

205-348-8988





Focus and current research

Real estate and finance.

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Education

Iona College (B.A.), The Pennsylvania State University (M.A. and Ph.D.).

Honors, Achievements
and Affiliations

Dr. Zumpano has research interests in such areas as the residential mortgage market, real estate finance and investment analysis, and the competitive status and performance of the real estate brokerage market. He published more than 40 articles in such journals as The Journal of Financial Research, Real Estate Economics, The Journal of Real Estate Research, Real Estate Law Journal, Appraisal Journal, and Journal of Real Estate Finance and Economics. Dr. Zumpano was listed among the top 10 percent of real estate authors publishing in the three leading academic real estate journals in the Journal of Real Estate Research in 1993. He has twice been awarded the Excellence Fund Teaching Award. Dr. Zumpano was instrumental in the establishment of the Alabama Real Estate Research and Education Center at the University in 1996. Under his direction the Real Estate Center has produced six major research reports and published three textbooks, which are currently being used in professional real estate courses.

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Selected Publications

    “The Home Buyer Tax Credit of 2009 and the Transition to Homeownership.”  (With K. Goodwin.)  The Journal of Housing Research.  Forthcoming.

    “Minimum Service Requirements, Limited Service Brokers and Menuing of Services.” (With K. Goodwin and K. Johnson.) Journal of Real Estate Finance and Economics. Forthcoming.

    “Corporate Transparency and Firm Growth: Evidence from Real Estate Investment Trusts.” (With A. Heng and D. Cook.  Real Estate Economics. Forthcoming.

    “The Limited-Service Brokerage Decision: Theory and Evidence.” (With J. Wiley and J. Benefield.) Journal of Real Estate Finance and Economics. 2011.

    “Agency Disclosure in the Real Estate Transaction and the Impact of Related State Policies.” (With Jonathan Wiley.) The Journal of Real Estate Research. 2009.

    “Determinants of Real Estate Agent Compensation Choices and Agent Performance.” (With K. Johnson and R. Anderson.) The Journal of Housing Research. Fall 2009.

    “Institutional Investment and the Turn of the Month Effect:  Evidence from REITs.” (With Jonathan Wiley.)  The Journal of Real Estate Finance and Economics. 2009.

    “The Limited-Service Brokerage Decision: Theory and Evidence.” (With J. Wiley and UJ. Benefield.)   Journal of Real Estate Finance and Economics. 2009.

    “Intra-firm Real Estate Brokerage Compensation Choices and Agent Performance.” (With K. Johnson and R. Anderson.) The Journal of Real Estate Research.  2008.

    “The Real Estate Brokerage Market and the Decision to Disclose Material Defects.” (With Jonathan Wiley.)   Real Estate  Economics. 2008.

    “Does the Composition of the Market Portfolio Matter for Performance Rankings of Post 1986 Equity REITs?” The Journal of Real Estate Portfolio Management. (With Justin Benefield and R. Anderson.) 2007.

    “Listing Specialization and Residential Real Estate Licensee Income.” The Journal of Real Estate Research.  (With K. Johnson and R. Anderson.) 2007.

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