Alabama Real Estate Practice Exam

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What is considered price fixing according to federal law?

  1. Varying commission rates

  2. Standardizing commission rates among brokers

  3. Negotiating commission rates

  4. Publicizing commission rates

The correct answer is: Standardizing commission rates among brokers

Price fixing refers to the act of conspiring with competitors to set or maintain prices, resulting in the elimination of competition and the unfair manipulation of prices. In this case, standardizing commission rates among brokers would be considered price fixing because it eliminates competition and sets a fixed price for services, in violation of federal law. Options A, C, and D involve individual or negotiated commission rates, which do not involve collusion with competitors and therefore would not be considered price fixing under federal law.

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