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The typical group boycott allegation in the real estate brokerage business involves a claim that two or more real estate firms have agreed to refuse to cooperate, or to cooperate on less favorable terms, with a third firm.
In real estate, price-fixing occurs when competing brokers agree to set a standard price for sales commissions, fees, or management rates. The Sherman Antitrust Act forbids any type of price-fixing in any industry.
(13) "Dual broker" means a principal broker of a real estate sales brokerage who obtains from. the division a dual broker license in order to function as the principal broker of a property. management company that is a separate entity from the real estate sales brokerage.
Dual agency is a real estate term that means one agent or brokerage represents both the seller and the buyer in the same real estate transaction. A dual agent must walk a narrow path to be neutral toward both parties, and they may not disclose confidential information to either party.
Price fixing is the practice of multiple (or all) real estate agents in an area working together to charge the same commission between brokerages. Let's say four different agencies dominate the market and the agencies get together and agree to charge their clients 7% commission on all sales.
Certainly, dual agency can work for your benefit in Utah.
A buyer representation agreement works the same way as a listing contract, but it establishes the express agency relationship between the broker as the agent and the buyer as the principal.
Agreement between two or more. persons to defraud someone.
The Antitrust Laws Do Not Allow Real Estate Agents to Jointly Fix or Set Prices or Commissions. If you have sold or purchased a home recently, you might be under the impression that real estate commissionsthe price to engage a real estate brokerare fixed or otherwise set by law in different geographic markets.
B. 13. When one broker lists a property, another broker sells it, and they split the commission between them, it is called. a. broker competition.