Illinois Real Estate Exam Practice Question
Broker A has created an extremely aggressive business model which has allowed for very quick success in the market. The other brokers in the market area have decided not to allow Broker A to show their listings or show Broker A's listings. This would violate
Correct Answer: B
Rationale: Broker A's situation exemplifies a violation of the Sherman Antitrust Act, which prohibits anti-competitive practices that restrain trade. The other brokers' decision to collectively exclude Broker A from showing listings is a form of collusion, aimed at limiting competition.
Option A, Regulation Z, pertains to truth in lending and does not address competitive practices among brokers. Option C, the Real Estate Boycott Act, is not a recognized legal framework in this context. Option D, the Real Estate Settlement Procedures Act, focuses on settlement practices and disclosures, not on competitive behavior among brokers. Thus, the actions of the brokers clearly contravene antitrust laws.
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