Question

Broker Paul from ABC Realty and Broker Shawn from XYZ Realty meet to play golf at the country club. During their round of golf and at lunch, both discuss how the cost of business continues to rise. They agree that they should each increase their commission rates. This discussion is___________.

Answer 1

A violation of the Sherman Anti-Trust Act

Step-by-step explanation:

The 1890 Sherman Antitrust Act is the initial act that the United States adopted. Government banning trusts. It was called after Ohio's Congressman John Sherman, who with President Hayes was leader of both the Senate Finance Committee and the Treasury Secretary. Several states have passed similar legislation, but they have been restricted to intrastate enterprises.

This Sherman Antitrust Law was focused on Members ' statutory right to regulate intrastate commerce. A trust was an agreement that transferred shareholders in many businesses to a single model of fiduciaries. The executives, in return, obtained a license granting them to a defined share of the jointly controlled firms ' aggregated earnings.