Which act prohibits brokers from selling a property only under the condition of obtaining future listings?

Prepare for the North Carolina Broker Reciprocal Exam. Sharpen your skills with flashcards and multiple-choice questions. Each question offers explanations to ensure clarity and understanding. Get ready to excel!

The Sherman Act is primarily known for its role in antitrust laws, as it aims to promote competition and protect consumers from monopolistic practices. While the Clayton Act builds upon this framework by addressing specific issues like price discrimination and mergers that can harm competition, it does not specifically deal with the conduct of real estate brokers in the context of listings.

In the realm of real estate, brokers must adhere to ethical standards that ensure fair treatment for all clients. Selling a property only on the contingency of obtaining future listings can create conflicts of interest and unethical practices. The Sherman Act's provisions help establish fair competition standards in various industries, including real estate, making it relevant when assessing the legality of such practices.

By prohibiting brokers from tying the sale of a property to the condition of securing future listings, this act supports the principle that real estate transactions should be based on the merits of the property itself rather than contingent upon future business gains for the broker. This promotes a healthier marketplace, fosters buyer trust, and encourages ethical business practices within the real estate industry.

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