Question

Four brokers decided to collaborate and refuse to show any of the properties listed by a new broker in the area in an effort to force the new broker out of business. This is an example of:

Answer 1

The above is an example of : Group boycotting.

What is group boycotting?

Group boycotting is a term associated with real estate. It is a real estate brokerage business which involves a claim that two or more real estate firms have agreed to refuse to cooperate on less favorable terms, with a third firm.

Reasons for group boycotting in real estate are :

• Prevent a firm from entering a market or to disadvantage an existing competitor are also illegal.
• Implement an illegal price-fixing agreement

Therefore, group boycotting is an example of four brokers who decided to collaborate and refuse to show any of the properties listed by a new broker in the area in an effort to force the new broker out of business.

Learn more about group boycotting here : brainly.com/question/13894564