What is the aim of the Sherman Antitrust Act within the real estate industry?

The Sherman Antitrust Act is designed to promote healthy competition in various industries, including real estate. This federal legislation aims to prevent monopolistic practices and unlawful restraints of trade, which could harm consumers and hinder fair competition. By fostering an environment where multiple businesses can operate competitively, the Act ensures that consumers have choices and that prices remain fair.

In the context of real estate, this means that real estate professionals must avoid collusion concerning commission rates or other practices that could lead to price-fixing, thereby maintaining a competitive market that benefits both consumers and businesses. Healthy competition leads to better services, more innovation, and ultimately, better options for buyers and sellers in the real estate market.