Laws & AgencyQuestion 44 of 120
Several competing brokerages agree to charge all clients the same commission rate. This agreement most likely violates:
a.Fair housing law
b.Antitrust law prohibiting price fixing
c.The statute of frauds
d.RESPA disclosure rules
Explanation
Agreements among competitors to fix commission rates are illegal price fixing under antitrust law. Commission rates must be set independently and are always negotiable between broker and client. Violations can result in severe civil and criminal penalties.
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