45-HR. CA REAL ESTATE PRACTICE COURSE » Summer 2021 » Section 7 Unit 1 Exam

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Question #1
Which agency prohibits unfair acts, practices, or methods of competition, and enforces federal antitrust and consumer protection laws nationally?
A.   Consumer Reports
B.   Federal Trade Commission
C.   National Bar Association
D.   Attorney general's office
Question #2
The two real estate firms in one small town, Vineyard Realty and Homestead Homes, agree to charge the same commission rate to avoid the possibility of clients selecting a firm based simply on price. What specific federal legislation prohibits this?
A.   The Federal Trade Commission Act of 1914
B.   The Sherman Antitrust Act of 1890
C.   The Restraint of Trade Act of 1894
D.   The Clayton Act of 1914
Question #3
Which of these is an example of antitrust violations common to real estate?
A.   Fraud, concealment, and misrepresentation
B.   Profiteering, racketeering, and domineering
C.   Tie-in arrangements, market allocation agreements, and group boycotting
D.   Puffery, hyperbole, and exaggeration
Question #4
What's an antitrust violation's central element?
A.   Conspiracy
B.   Fraud
C.   Greed
D.   Profit

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