unit 8

Group Boycott

A group boycott occurs when two or more business conspires against another business or agree to withhold their patronage to reduce competition. a group boycott is illegal under anteaters laws

antitrust laws

Antitrust laws are designed to protect real estate sellers and buyers from unfair competition and predatory business dealings. The main antitrust laws are the Clayton and Sherman Antitrust Acts, which prohibit price-fixing, group boycotting, and bid-rigging.

Procuring Cause

The broker or the broker's sales associate must have started an uninterrupted chain of events that resulted in a sale.

independent contractor vs. employee

The employment agreement between a broker and sales associate should define the nature, obligations, and responsibilities of the relationship

relationship pf broker and sales associate

although brokerage firms vary widely in size, few brokers today perform their duties without the assistance of there licensed individuals. a sales associate might be licensed as a real estate

Real Estate Brokerage

brokerage is simply the business of bringing parties together. a real estate broker is licensed to buy, sell, exchange , or lease real property for others and to charge a fee for those service

Tie-in agreements

finally, tie-in agreement (also known as tying agreement) are agreement to sell one product only if the buyer purchases another products as well.

ready, willing, and able buyer

is one who is prepared to buy on the seller's terms and is ready to complete the transaction.

Multiple Listing Service (MLS)

provides that marketing opportunity, and the rules of the MLS set out the terms under which brokers agree to cooperate in a transaction, including the sharing of the compensation earned.