Minnesota State Real Estate Practice Test 2025 - Free Real Estate Practice Questions and Study Guide

Susan should advise her friends that discussing commission rates may violate the Sherman Antitrust Act because the Act is designed to promote fair competition and prevent practices that restrain trade. When real estate agents openly compare or discuss their commission rates, it can lead to collusion or price-fixing, which is illegal under this Act. Such discussions might also have the unintended consequence of suppressing competition, as agents could feel pressured to conform to prevailing rates instead of setting their own based on service quality or market conditions.

Understanding the implications of this law is crucial for real estate professionals because it underscores the importance of maintaining independent pricing strategies. Agents should focus on providing value through their services rather than becoming involved in potentially illegal discussions about commission structures. This perspective helps maintain a competitive market that benefits consumers as well.