Group Boycotting Flashcards
What is group boycotting?
Group boycotting involves two or more parties conspiring against another company.
This is a type of antitrust violation.
What type of violation does group boycotting represent?
Antitrust violation.
Antitrust laws are designed to promote fair competition and prevent monopolistic practices.
What is group boycotting?
Involves two or more businesses conspiring against another.
Give an example of group boycotting in real estate.
When two or more brokers refuse to cooperate and split commissions with another broker.
What does group boycotting often involve in real estate?
Brokers agreeing to not show the listings of limited services firms.
Why do brokers engage in group boycotting?
To drive competitors and their competitive pricing out of the market.
Is group boycotting legal?
No, it is a violation of antitrust law.
True or False: If agents refuse to do business with an appraiser due to shoddy work, it’s considered group boycotting.
False.
Under what law is the action of refusing to do business with an appraiser allowed?
Federal law.
