4473158
Description
Mind Map by Brigita Safyra, updated more than 1 year ago
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Created by Brigita Safyra
almost 9 years ago
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4.OTHER TYPES OF DISCLOSURE AND ANTITRUST LAWS
- STIGMATIZED PROPERTY is property which buyers or
tenants may shun for reasons that are unrelated to
its physical condition or features. These can include
murder, suicide, or even AIDS, in addition to a belief
that a house may be haunted. The concept is
controversial.
- UNCAPPED WELL DISCLOSURE any
person,firm,company,partnership or corporation offering to
sell real property on which uncapped natural gas wells are
situated,and of witch such
person,firm,company,partnership or corporation has actual
knowledge,shall inform any purchaser of the existence of
these wells prior to entering into a contract for the sale
/purchase of such property.
- AGRICULTURAL DISTRICTS when any purchase and
sales contract is presented for the sale,purchase
,or exchange of real property located partially or
wholly within an agricultural district,sales
contract includes agricultural district disclosure
form,
- COMMISSION ESCROW ACT provision requiring
the seller to deposit unpaid commissions with
county clerk until it has been decided whether
the broker is entitled to the commission called
for under a written contract of brokerage
agreement.
- ANTITRUST LAWS
- SHERMAN Antitrust ACT (Sherman Act, 26 Stat. 209, 15 U.S.C. §§ 1–7) is a landmark
federal statute in the history of United States antitrust law (or "competition law")
passed by Congress in 1890.
- PRICE FIXING is an agreement (written,verbal,or
inferred from conduct) among competitors that
raises,lowers,or stabilizes prices or competitive
terms.Generally the antitrust laws require that
eacg company establishes prices and other terms
on its ownm,without agreeing with competitors,
- ALLOCATION OR MARKET DIVISION
plain agreements among competitors
to divide sales territories or assign
customers are almost always illegal.
- GROUP BOYCOTT any company may
on its own refuse to do business with
another firm,but an agreement among
competitors not to do business with
targeted individuals or businesses
may be an illegal boycott,especially if
the group working together has
market power.
- TIE-IN ARRANGEMENTS can
occur when a broker as a
condition of a sale tells the
buyer that they must use a
certain mortgage company as a
condition of the buyer agency
agreement.This would be
illegal.
- TIE-IN ARRANGEMENTS can
occur when a broker as a
condition of a sale tells the
buyer that they must use a
certain mortgage company as a
condition of the buyer agency
agreement.This would be
illegal.
- GROUP BOYCOTT any company may
on its own refuse to do business with
another firm,but an agreement among
competitors not to do business with
targeted individuals or businesses
may be an illegal boycott,especially if
the group working together has
market power.
- SHERMAN Antitrust ACT (Sherman Act, 26 Stat. 209, 15 U.S.C. §§ 1–7) is a landmark
federal statute in the history of United States antitrust law (or "competition law")
passed by Congress in 1890.
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