Terms in this set (36)
An antitrust violation that involves two or more businesses conspiring against another. This can occur, for instance, when two or more brokers or agents refuse to cooperate and split commissions with one another, or when several brokerages in a certain area agree to stop running advertisement in a local newspaper.
An antitrust violation that involves competitors agreeing to not do business in one another's areas. This occurs when real estate professionals from competing firms agree to divide their market - by geography, price range, property type, etc. - and then refrain from competing for business. Ex: agreeing with a competitor to divvy up a market.
An antitrust violation predicates one service on the other company purchasing another service. This is when the providing of one service is made dependent on the customer or client obtaining another. For instance, an agent cannot tell a seller " I can only offer this commission rate if you use the title company/inspector/mortgage broker I recommend." This violation may also be negative: " I can only work with you if you agree not to use XYZ title company."
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