45-HR. CA REAL ESTATE PRACTICE COURSE » Summer 2021 » Section 7 Unit 3 Exam

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Question #1
In the 1950 case involving the District of Columbia’s Washington Board of REALTORS® in which the National Association of REALTORS® became involved, the board required that brokers should maintain the standard rates of commission adopted by the board, and no business should be solicited at lower rates. No member may charge less than this rate when involved in the sale, exchange, lease, or management of real property in the District of Columbia. What were the parties guilty of?
A.   Price fixing
B.   Fair housing law
C.   License law
D.   Group boycotting
Question #2
The 1970 case against Prince George’s County Board of REALTORS® found that the board was refusing to work with members who didn't follow certain suggestions. What is this an example of?
A.   Group boycotting
B.   Tie-in arrangement
C.   Price fixing
D.   Market allocation
Question #3
The Kentucky Real Estate Commission’s action of prohibiting brokers from offering rebates and other inducements to consumers was deemed to be this type of violation, in which guilt is established in light of existing circumstances.
A.   Rule of reason
B.   Tying
C.   Per se
D.   Fair housing
Question #4
Avoiding antitrust violations is critical. Which one of the following actions will help you avoid price fixing allegations?
A.   Promote "industry rates" in conversations with consumers.
B.   Engage in discussions about fees with agents from other companies.
C.   Establish fees independently or as a company.
D.   Consult with competitors to determine competitive pricing.

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