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.   Group boycotting
B.   License law
C.   Price fixing
D.   Fair housing law
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.   Price fixing
B.   Group boycotting
C.   Market allocation
D.   Tie-in arrangement
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.   Fair housing
B.   Rule of reason
C.   Tying
D.   Per se
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.   Establish fees independently or as a company.
C.   Engage in discussions about fees with agents from other companies.
D.   Consult with competitors to determine competitive pricing.

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