This chapter learns the importance of institutions and how new institutional economics emphasizes the role of institutions for a market economy to function. It learns that traditions, particularly legal traditions, have a great impact on conveyance process. Another source of insecurity and information quality is when taxes and fees are differentiated in regard to price of the property. This gives the seller and buyer an incentive not to disclose the true sales price. The complexity of a given conveyance process determines the level of people's involvement and also the transaction costs. If it is complex from the start, this is a sign that the process will be time-consuming, costly, and hard to understand for common buyer and/or seller. The Swedish regulatory regime, where the agent has a mandatory university education comprising courses in relevant fields of law, handles the legal aspects of the transaction, and this lowers the transaction costs, as no legal counselling are involved in the process.