Practice Of Real EstateAntitrustEASY
At a local real estate association meeting, two competing brokers discuss how they each independently set their commission rates. One broker mentions a 5% rate and the other charges 6%. Neither agrees to match the other's rate. Has an antitrust violation occurred?
Correct Answer
C) No, because each broker independently sets their own commission rate
Antitrust law prohibits agreements among competitors to fix prices. Simply being aware of a competitor's rate without agreeing to coordinate prices is not a violation. Each broker may independently set their own rates.
Answer Options
A
Yes, because they discussed commissions at a meetingB
Yes, because one broker charges more than the otherC
No, because each broker independently sets their own commission rateD
No, but only if they immediately leave the meetingWhy This Is the Correct Answer
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Why the Other Options Are Wrong
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Deep Analysis of This Practice Of Real Estate Question
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Related Topics & Key Terms
Key Terms:
antitrustpracticeindependent_pricing
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