Price Fixing

Definition: An unlawful agreement among competitors to set or coordinate prices or price components instead of deciding independently.

Example

Competing firms agree that none will offer listing services below a shared fee.

Keep the distinction clear

Commissions are negotiable. A brokerage independently setting its own fee schedule is different from agreeing on prices with competitors.

Related terms

Antitrust Laws · Collusion · Market Allocation

Keep studying

Commission Math: Tiered Rates and Broker–Associate Splits

References: U.S. Department of Justice: price fixing and market allocation

Pronunciation (US): PRYSS FIK-sing (capitals show stress)

Pronunciation reference: Merriam-Webster