PASS GEORGIA
REAL ESTATE EXAM PREPGEORGIA REAL ESTATE EXAM GLOSSARY
Price fixing is an agreement among competitors to set, stabilize, raise, lower, or otherwise coordinate prices or price-related terms instead of deciding them independently.
Practice of Real Estate
Competition and business conduct
Define, distinguish, apply, retrieve
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PASS GEORGIA
REAL ESTATE EXAM PREPGEORGIA REAL ESTATE EXAM
GLOSSARY TERM GUIDEBuild the complete exam definition
Learn the rule, separate it from the nearest distractor, then apply it to a Georgia fact pattern.
What does Price fixing mean?
Price fixing is an agreement among competitors to set, stabilize, raise, lower, or otherwise coordinate prices or price-related terms instead of deciding them independently.
How do you separate the nearest exam answer?
Each brokerage may independently establish its compensation. Competing brokers may not agree on commission rates, minimum fees, discounts, or other pricing terms.
What changes or stays the same in Georgia?
Georgia real estate commissions are negotiable. Describing a rate as standard, required by the Commission, or fixed by the local market can create both consumer deception and antitrust risk.
Two competing brokers agree that neither will accept listings below a 6 percent commission.
An agreement to keep prices low is still price fixing. The direction of the price movement does not cure coordination.
PASS GEORGIA
REAL ESTATE EXAM PREPGEORGIA REAL ESTATE EXAM
GLOSSARY TERM GUIDERetrieve the rule under exam conditions
Answer before reading the explanation. Then explain why every distractor belongs to a different term.
Two competing Georgia brokers agree that neither will charge more than 4 percent on listings, hoping to win clients from a larger firm. Which statement is correct?
- A
It is price fixing, even though it keeps fees low
- B
It is lawful, since it lowers costs for consumers
- C
It is market allocation, since it targets a rival
- D
It is lawful as long as each broker discloses it
Price fixing is any agreement among competitors on prices or price terms, and that includes agreeing to keep prices low. Each brokerage must set its compensation independently, and Georgia commissions are negotiable. Market allocation divides customers or territories, which this agreement does not do.
Mark each box only when you can perform the skill without looking.
I can define the term in one precise sentence.
I can separate it from the closest look-alike.
I can explain the Georgia rule or confirm that the national rule applies.
I can answer the practice check and explain every option.
PASS GEORGIA
REAL ESTATE EXAM PREPGEORGIA REAL ESTATE EXAM
GLOSSARY TERM GUIDEConnect the term to the wider exam
Use these relationships to move from isolated recall to a connected exam model.
Practice of Real Estate complete lesson
https://www.passgeorgiarealestate.com/study-guide/practice-of-real-estate/antitrust
Official exam administration and content-outline source.
https://test-takers.psiexams.com/api/content/bulletin/4672Federal source for competition principles and prohibited agreements.
https://www.justice.gov/atr/antitrust-laws-and-youGREC's official portal to Title 43, Chapter 40 and related real estate laws.
https://grec.state.ga.us/information-research/license-law/