New Jersey Real Estate License Exam Practice Question
Broker A has created an aggressive business model and is being boycotted by other brokers who refuse to show Broker A's listings. This would violate:
Correct Answer: B
Rationale: Broker A's aggressive business model, leading to a boycott by other brokers, directly violates the Sherman Antitrust Act, which prohibits anti-competitive practices and promotes fair competition.
Option A, Regulation 2, is too vague and does not specifically address anti-competitive behavior. Option C, the Real Estate Boycott Act, does not exist as a recognized legal framework in real estate law. Option D, the Real Estate Settlement Procedures Act, primarily governs settlement practices and disclosures, not competition among brokers. Thus, the actions of Broker A and the boycott by peers clearly fall under the provisions of the Sherman Antitrust Act.
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