Antitrust Law & Ethics in Real Estate explores how legal frameworks and ethical considerations intersect in housing, with immediate and long-range implications for consumers. Empowering real estate licensees to be informed consumers of legal casetext, this course focuses on present-day practices in pricing, commissions, competition, and beyond including in the use of technology such as algorithms that may produce outcomes on a licensee's behalf. Antitrust law impacts the real estate industry at all levels including individual practitioner, brokerage, property management and association.

Developing the skills to access and comprehend legal texts enables licensees to apply their knowledge effectively in real estate decision-making. By the end of this course, real estate licensees are expected to understand the key concepts in antitrust laws as well as their implications and best practices for compliance.

Antitrust laws regulate anticompetitive business practices and the enforcement mechanisms in place to maintain fair, competitive markets. This course explores the differences between law and ethics, real-world application scenarios, and the historical and economic foundations of antitrust legislation in the United States. These laws play crucial role in preserving market integrity and promoting healthy competition. Understanding how antitrust violations are regulated and prosecuted, including the distinctions between civil and criminal cases, help licensees effectively navigate legal boundaries and uphold the principles of fair competition in real estate.

Learning Objectives

Upon completion of this course, you will be able to:
•    Understand the historical and economic basis of antitrust laws
•    Identify the key pieces of legislation related to preserving fair competition and free, open markets in the United States
•    Gain vocabulary and insights into the regulation and prosecution of antitrust violations including identifying the difference between civil and criminal cases and the plaintiff and defendants in these cases, as well as terms such as the yardstick method and challenged restraints which appear in antitrust cases in the real estate industry.
•    Develop the requisite skills to access and comprehend the details of court cases affecting the real estate industry through primary sources rather than third-party sources with potential for bias
•    Understand the legal frameworks that regulate competition in the real estate industry and best practices for legal compliance and maintaining industry integrity, ethics, and professionalism.
•    Differentiate between behaviors and practices that are legal, ethical and compliant as well as those which are not.

Topics Covered

•    Understanding the Differences between Law and Ethics
•    Antitrust Laws and Anti-Competitive Practices
•    Antitrust Enforcement
•    Becoming Educated Consumers of Legal Information
•    Legal Battles over Real Estate Commissions

Approved States: OK

What State Can I Purchase This Course?

Oklahoma