Two competing brokerages agree that each will refer commercial clients to the other and neither will compete for the other's commercial customers. What is this an example of?
Correct Answer
A) Market allocation by customer type
When competitors agree to divide customers so that each firm handles specific clients without competition, this is market allocation -- an antitrust violation even if structured as a 'referral' arrangement.
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Related Topics & Key Terms
Key Terms:
Related Concepts
The National Do Not Call Registry is a federal program administered by the FTC that allows consumers to opt out of receiving unsolicited telemarketing calls, including calls from real estate agents soliciting business.
Brokers in Florida have strict responsibilities for managing escrow accounts, including monthly reconciliation and proper handling of trust funds.
FREC has the authority to impose fines and other disciplinary actions on licensees who violate real estate laws and rules.
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