ARE Unit 9
Sets basic rules for entering an enforceable contract using electronic means.
uniforms electronics transactions act
Transactions conducted through email or text.
electronic contracting
Two or more businesses conspiring against another business.
group boycott
Allows MLS members equal rights to display MLS data.
Internet data exchange
List of phone numbers from customers who want to limit telemarketing calls.
national do not call registry
Setting commission rate among competitors for services.
price-fixing
Unsolicited junk email.
spam
ARELLO promotes state licensing standards.
T
Laws cannot guarantee an ethical or moral marketplace. T/F
T
Real estate license laws are intended to protect the public.
T
A real estate assistant would never be required to have a real estate license.
F
A sales associate can carry out all the same activities as a real estate broker.
F
A sales associate's compensation is determined by the client.
F
If a state licensing authority's regulations conflict with statutory law, the regulations will prevails.
F
Price-fixing, which is the practice of setting prices for products or services rather than letting competition in the open market establish those prices, is legal.
F
Real estate license laws do not include disciplinary systems.
F
States' licensing rules and regulations do NOT have the same force and effect as statutory law. T/F
F
When information is taken from the internet, it is always accurate.
F
A real estate broker is licensed to buy, sell, exchange, or lease real property for others and to charge a fee for those services.
T
A real estate broker's compensation is specified in the contract with the client.
T
All 50 states regulates the activities of real estate professionals.
T
Group boycotting, allocation of customers or markets, and tie-in agreements are all prohibited acts under the Sherman Antitrust Act.
T
The purpose of the Electronic Signatures in Global and National Commerce Act (E-Sign) is to make contracts (including signatures) and records legally enforceable, regardless of the medium in which they are created.
T
Providing product or service to customer only if customer buys another product or service as well.
Tie-in agreement
Agreement between real estate professionals to divide market and not compete with each other's business.
allocation of customers or markets
