Is the fix in?

Remember that innovative business models still fall under the same antitrust laws and regulations as traditional brokerages. Injuring another business or limiting its market access through price fixing and group boycotting, two of the most common types of violations in real estate, is prohibited.

Price fixing means setting or maintaining prices or services, such as commissions or listing terms, at a certain level contrary to the workings of the free market. Price fixing is illegal per se.

The essence of boycott is collective action through tacit or explicit agreement. Failure to cooperate with a competitor must be because terms could not be negotiated or that it would not be in the best interest of the client.

 

Buyers & sellers, visit www.texasrealestate.com.
REALTORS®, visit www.tar.org.

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August 2001
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