Numerous previous studies have provided conflicting empirical answers to the effect of real estate brokerage services on housing prices. This study employs quantile regression to capture what behavior exactly at each quantile of conditional house price distribution and to test the asymmetric effects of brokerage services. A key finding of this study is that the price effects of real estate brokerage services are significantly heterogeneous across the conditional price distribution. The contribution of this study to the previous literature lies in providing empirical evidence by demonstrating that brokers might exert a positive, negative, or zero impact on housing prices.