Is it illegal to discuss real estate commissions social media?

Does social media Work for Realtors?

Social media can help real estate agents find a wide audience, in the right area and at the right time. In fact, according to the National Association of REALTORS 77% of real estate agents use social media. Facebook is by far the most popular platform in real estate, followed by LinkedIn and Instagram.

What is considered an antitrust violation in real estate?

1. Price-fixing is a per se antitrust violation. … But real-estate brokers should understand that any agreement, express or implied, with a competing brokerage to charge a certain commission, or offer the same commission splits, is a per se violation of the antitrust laws, with both criminal and civil consequences.

Is commission splitting illegal?

Also under California law a broker can share a commission with a party to the transaction, provided that person is not doing any work that would require a license. … There is no prohibition under California law so long as the finder does not perform any services requiring a license.

What is illegal boycotting in real estate?

The typical group boycott allegation in the real estate brokerage business involves a claim that two or more real estate firms have agreed to refuse to cooperate, or to cooperate on less favorable terms, with a third firm. … The antitrust laws are clearly make boycotts such as these per se illegal.

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How often should Realtors post on Instagram?

Instagram: 1-2 per day

Most brands end up posting 11-20 posts per month. If you focus on compelling images with strategic messages, that’s probably a good benchmark to stick with.

Which social media platform is best for real estate?

Top 9 Real Estate Social Media Platforms

  • Facebook. The big daddy of social media, Facebook has a massive user base as well as built-in marketing tools for targeting neighborhoods and demographics. …
  • Instagram. …
  • Twitter. …
  • LinkedIn. …
  • Trulia. …
  • Zillow. …
  • ActiveRain. …
  • MeetUp.

What’s a rule of reason antitrust violation?

The “Rule of Reason” approach

A contract, combination or conspiracy that unreasonably restrains trade and does not fit into the per se category is usually analyzed under the so-called rule of reason test. This test focuses on the state of competition within a well-defined relevant agreement.

What are the three major antitrust laws?

What are the three major antitrust laws?

  • the Sherman Act;
  • the Clayton Act; and.
  • the Federal Trade Commission Act (FTCA).

What is an example of price-fixing in real estate?

price fixing – agreeing to charge the same commission between brokerages. bid rigging – when auction buyers work together to lower purchase prices, market and customer allocation – divide regions or customers in your area. group boycotts – avoiding certain buyers or real estate agents.

Can an unlicensed person own a real estate company?

While all states require anyone acting as a real estate agent or broker to first obtain a proper license, those laws do not prevent property owners from acting on their own behalf. This means, for example, that you can sell your own property, or buy real estate, without having a real estate license.

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What is fee splitting in real estate?

The Broker-Agent Relationship and Commission Split Arrangement. Both agents and brokers hold state-issued real estate licenses. … All commissions get paid to the broker, who then splits the money with any involved agents. If the broker works for a brokerage, they must pay a commission split to the brokerage as well.

What is a real estate finders fee?

A finder’s fee is a referral fee paid to a licensee by an issuer for helping facilitate a real estate transaction, such as a real estate seller and buyer connected through a real estate broker who is paid a finder’s fee for their efforts in facilitating the transaction.