Flashcard Set Preview
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3 Federal Laws Form the basis state antitrust laws:
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Sherman Antitrust Law
Clayton Act
Federal Trade Commission Act
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Prohibits contracts or conspiracies that create monopolies
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Sherman Antitrust Law
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Prohibits exclusive tie-in sales, price discriminations, mergers and acquistions that...
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Clayton Act
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Act that fills in loopholes of other laws and allows monetary relief, and permits investigations...
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Federal Trade Commission Act
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Most common antitrust violations are:
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Price Fixing
Group Boycotting
Allocation of customers or markets
Tie-in agreements
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Simply the business of bringing parties together (buyers & sellers)
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Brokerage
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Payment to a broker for services rendered, such as in the sale or purchase of real property;...
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Commission
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Someone who works as a direct employee of an employer and has employee status. Employer is...
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Employee
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Occurs when 2 or more businesses conspire agains other businesses or agree to withold their...
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Group Boycotting
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Internet Advertising Laws
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1. All electronic communications by a real estate licensee must include licensee's name, office...
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MLS
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Multiple Listing Service
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MLS
Multiple Listing Serivce
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A marketing organization composed of member brokers who agree to share their listing agreements...
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National Do not Call Registry
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-Managed by the Federal Trade Commission
-List of Telephone numbers from consumers who have...
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Also known as a real estate assistant, is a combination office manager, marketer, organizer,...
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Personal Assistant
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Practice of setting prices for products or services rather than letting competition in the...
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Price Fixing
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This occurs in real estate when when competing brokres agree to set uniform sales commissions,...
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Price Fixing
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The broker must have started an unbroken chain of events that ultimately results in a sale.
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Procuring Cause
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Someone who is prepared to buy on the seller's terms and ready to take positive steps toward...
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ready, willing and able buyer
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