Collusion

Definition: Coordinated conduct or an agreement to deceive others or improperly restrict competition.

Example

Competing brokers secretly agree to keep commissions above a shared minimum.

Keep the distinction clear

Ordinary lawful cooperation, such as arranging a showing, is not automatically collusion. The agreement's purpose and effect matter.

Related terms

Antitrust Laws · Price Fixing · 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): kuh-LOO-zhun (capitals show stress)

Pronunciation reference: Merriam-Webster