Ch8: Real Estate Brokerage Flashcards
1
Q
Sherman Antitrust Law
A
Federal law that prohibits monopolies, arrangements that constrain trade
2
Q
Price Fixing
A
setting prices rather than letting the market and competition set prices- no insinuating all brokers have same fee
3
Q
Group Boycotting
A
two+ businesses working together to eliminate competition from the third business
4
Q
Allocating Customers
A
no ‘territorial’ divisions of location of sales between brokerages
5
Q
Tie in Agreements
A
in order to purchase one good or service another good or service
6
Q
Fines for violating Sherman Antitrust laws
A
up to $1 million dollar fine and 10 years in prison
