POST 301 BROKER RELATIONSHIPS AND
RESPONSIBILITIES FINAL SCRIPT 2026
COMPLETE QUESTIONS AND ANSWERS
PASSED A
◉ In Beautiful City, the top five brokerage firms got together to
discuss how the real estate market is doing after the recent
recession. Some of the firms shared that their profits were down as
compared to years past. They all decided to raise their fees for listing
properties and that way they could all increase profits for the
upcoming year. This would be an example of...
Answer: price fixing. Price fixing is a collaboration in setting
brokerage fees by any group of two or more brokers/firms.
◉ How often does a real estate broker need to check the Do Not Call
Registry?
Answer: Every 31 days
◉ Antitrust laws prohibit all of the following EXCEPT
A)
Real estate companies agreeing not to cooperate with a broker
because of the fees that broker charges.
B)
,Property management companies all agreeing to charge
standardized management fees
C)
Three different brokerage firms allocating markets based on the
value of homes
D)
A broker requiring all the agents of his firm to join the local listing
service.
Answer: D)
A broker requiring all the agents of his firm to join the local listing
service.
Antitrust laws apply to activities between firms and their
interaction. They do not limit the ability of a firm from setting
company policies as to fees, rates, or geographical areas.
◉ Green Acres Realty has been in business for many years. A new
company, For Sellers Only, has been charging much less than Green
Acres Realty charges to list and sell homes. At a recent company
meeting, the owner of Green Acres Realty instructed their agents not
to show any listings that were being sold by For Sellers Only. Which
of the following statements is MOST likely true?
A)
Such conduct would likely be a boycotting violation under the
Sherman Antitrust Act.
,B)
Such conduct would be considered illegal steering.
C)
Such conduct is legal because Green Acres Realty has the right as a
brokerage firm to choose the companies with which it wants to
work.
D)
Such conduct is considered an acceptable and normal business
practice.
Answer: A)
Such conduct would likely be a boycotting violation under the
Sherman Antitrust Act.
The Sherman Antitrust Act prohibits unfair practices including
boycotting other entities, market allocation, and price fixing.
◉ Samuel, a real estate broker and REALTOR®, is looking to list
some properties for sale in his neighborhood. He notices that the
property across the street from him is listed for sale with another
company. According to the REALTOR® Code of Ethics, which of the
following statements is correct?
A)
Samuel can speak to the seller at a neighborhood party and ask them
if they are interested in listing with his firm. This way he would not
be violating the Do Not Call laws and rules.
, B)
Samuel cannot reach out to the seller because he cannot solicit the
business of a property owner who has an active exclusive listing.
C)
Samuel can email the seller of that property and solicit their listing
because they live in the same neighborhood.
D)
Samuel cannot call the seller to solicit their listing because it could
be in violation of the Do-Not-Call laws and rules.
Answer: B)
Samuel cannot reach out to the seller because he cannot solicit the
business of a property owner who has an active exclusive listing.
Licensees who are members of the National Association of
REALTORS® should be aware of the restriction in the REALTOR®
Code of Ethics (Article 16) against soliciting the business of a
property owner who has an active (unexpired) exclusive listing with
another REALTOR®.
◉ Sean and his firm have a buyer agency agreement with Thomas.
Thomas is getting discouraged because there are not very many
listings on the market that meet his needs. Every time Thomas
makes an offer, there are several other buyers making offers on the
same property and Thomas keeps losing out on bidding to those
other buyers. Sean decided to drive around the neighborhoods that
RESPONSIBILITIES FINAL SCRIPT 2026
COMPLETE QUESTIONS AND ANSWERS
PASSED A
◉ In Beautiful City, the top five brokerage firms got together to
discuss how the real estate market is doing after the recent
recession. Some of the firms shared that their profits were down as
compared to years past. They all decided to raise their fees for listing
properties and that way they could all increase profits for the
upcoming year. This would be an example of...
Answer: price fixing. Price fixing is a collaboration in setting
brokerage fees by any group of two or more brokers/firms.
◉ How often does a real estate broker need to check the Do Not Call
Registry?
Answer: Every 31 days
◉ Antitrust laws prohibit all of the following EXCEPT
A)
Real estate companies agreeing not to cooperate with a broker
because of the fees that broker charges.
B)
,Property management companies all agreeing to charge
standardized management fees
C)
Three different brokerage firms allocating markets based on the
value of homes
D)
A broker requiring all the agents of his firm to join the local listing
service.
Answer: D)
A broker requiring all the agents of his firm to join the local listing
service.
Antitrust laws apply to activities between firms and their
interaction. They do not limit the ability of a firm from setting
company policies as to fees, rates, or geographical areas.
◉ Green Acres Realty has been in business for many years. A new
company, For Sellers Only, has been charging much less than Green
Acres Realty charges to list and sell homes. At a recent company
meeting, the owner of Green Acres Realty instructed their agents not
to show any listings that were being sold by For Sellers Only. Which
of the following statements is MOST likely true?
A)
Such conduct would likely be a boycotting violation under the
Sherman Antitrust Act.
,B)
Such conduct would be considered illegal steering.
C)
Such conduct is legal because Green Acres Realty has the right as a
brokerage firm to choose the companies with which it wants to
work.
D)
Such conduct is considered an acceptable and normal business
practice.
Answer: A)
Such conduct would likely be a boycotting violation under the
Sherman Antitrust Act.
The Sherman Antitrust Act prohibits unfair practices including
boycotting other entities, market allocation, and price fixing.
◉ Samuel, a real estate broker and REALTOR®, is looking to list
some properties for sale in his neighborhood. He notices that the
property across the street from him is listed for sale with another
company. According to the REALTOR® Code of Ethics, which of the
following statements is correct?
A)
Samuel can speak to the seller at a neighborhood party and ask them
if they are interested in listing with his firm. This way he would not
be violating the Do Not Call laws and rules.
, B)
Samuel cannot reach out to the seller because he cannot solicit the
business of a property owner who has an active exclusive listing.
C)
Samuel can email the seller of that property and solicit their listing
because they live in the same neighborhood.
D)
Samuel cannot call the seller to solicit their listing because it could
be in violation of the Do-Not-Call laws and rules.
Answer: B)
Samuel cannot reach out to the seller because he cannot solicit the
business of a property owner who has an active exclusive listing.
Licensees who are members of the National Association of
REALTORS® should be aware of the restriction in the REALTOR®
Code of Ethics (Article 16) against soliciting the business of a
property owner who has an active (unexpired) exclusive listing with
another REALTOR®.
◉ Sean and his firm have a buyer agency agreement with Thomas.
Thomas is getting discouraged because there are not very many
listings on the market that meet his needs. Every time Thomas
makes an offer, there are several other buyers making offers on the
same property and Thomas keeps losing out on bidding to those
other buyers. Sean decided to drive around the neighborhoods that
