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