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Has any agent ever been found liable under the Sherman Antitrust Act??
Sherman Antitrust Act
Real estate licensees are subject to the federal antitrust laws, enforced under the Sherman Antitrust Act, that prohibit unfair trade practices in the United States. These laws are rooted in the idea that competition creates the largest choice of products and services for consumers, providing them the broadest range of price and quality. The most common antitrust violations that are associated with the real estate industry include price fixing, boycotting competitors and allocating customers or markets.
1. Avoid Price Fixing:
Avoid discussing fees or rates with any other firms. Never tell a client that your rate or fee is “the going rate.” Make it clear that fees and rates are generally negotiable. If you do set firm rates/fees, make it clear that those are only for your own company. 2. Do not Boycot Competitors
When two or more parties agree to abstain from dealings with other parties to limit competition, they are essentially boycotting their competitors. In real estate, this may occur if a brokerage is unfairly denied access to a particular real estate professional organization or if two or more brokers agree to withhold their patronage from certain brokers.
3. Do Not Allocate Market Areas
If two ... more

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