4 Antitrust Flashcards
1
Q
What year Lead Paint? What AcT
A
1978 Title X
2
Q
What must ne disclosed? 6
A
- Material Defect
- No electrical service
- Uncapped Well
- Bedbugs within one year
- Utility surcharge
- Lead Paint
3
Q
Antitrust History 3
A
Sherman 1890 unfettered free competition
2. 1914 FTC
3, 1914 Clayton Act TRestraint of Trade outlawed
4
Q
Antitrust Violation Issues in RE
A
- Price Fixing must be negotiated
- Market Division or Market Allocation
- Group Boycott
- Tie In arrangements
- Don’t discuss commissions with others
5
Q
Statue of Limitations of suit against broker?
A
6 years
6
Q
Sub Agent
A
Owes Fiduciary responsibility vicarious liability
7
Q
Listing Agreement Types
A
Exclusive Broker protection still get commission for period of time with exclusive
Open Buyer or Sellar broker disclose
Net Listings Illegal
Automatic Extensions Illegal
Make clear who working for in writing
8
Q
Bedbug
A
NYC Landlord must disclose one year in apt of building on form DBB_N
