Fair Housing and Practice Practice Question
Question
A listing agent notices a potential compliance issue involving antitrust price fixing. Which statement best describes antitrust price fixing? (Item 9)
Answer choices
- A. Recognize illegal agreements among brokers about commission rates.
- B. It shifts all responsibility to escrow and eliminates the broker’s duties.
- C. It makes oral promises enforceable in every real estate transaction.
- D. It is optional whenever both parties verbally agree to proceed.
Correct Answer
A. Recognize illegal agreements among brokers about commission rates.
Explanation
The correct answer is A because antitrust price fixing requires candidates to recognize illegal agreements among brokers about commission rates. The other options overstate the effect of custom, oral agreement, escrow, or independent salesperson action and do not reflect safe California exam practice.
Question details
- Difficulty: hard
- Domain: Fair Housing and Practice
- Objective: antitrust price fixing