New Jersey Real Estate Practice Exam Free Practice Question
During a broker meeting, a broker states that a competitor is NOT charging enough commission. The other brokers should
Correct Answer: C
Rationale: In this scenario, removing themselves from the meeting allows the brokers to avoid engaging in potentially unethical discussions about a competitor's pricing strategy. This choice upholds professional integrity and respects competitive practices.
Option A, voting on a new fee, implies collusion, which is illegal and unethical. Option B, reducing their fees, may not be a sustainable or fair response to competition and could harm their business viability. Option D, not showing the competitor's listing, could lead to anti-competitive behavior, which is also unethical. Thus, maintaining professionalism and ethical standards is crucial.
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