Q.1
True or false? You should avoid terms like standard and prevailing when discussing commissions.
True.
False.
Q.2
True or false? You may not ask a prospect what commission another firm said they would charge.
True.
False.
Q.3
True or false? A broker can be held liable for antitrust violations of a sponsored agent even if the broker was unaware of the violation.
True.
False.
Q.4
True or false? It is an antitrust violation if more than 75% of brokers in one city charge the same commission rate.
True.
False.
Q.5
True or false? Agreeing with competitors to set the same fees and commission splits does not violate antitrust laws as long as it isn’t done through a formal written agreement.
True.
False.