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price fixing is when competitors adjust their prices of products or services to make a new price the marketplace Norm real estate professionals who take part in price fixing Agreements are forced to pay millions of dollars or even spend time in jail hello everybody Zach here from real estate license wizard.com today were talking about price fixing lets get started so what is price fixing well price fixing is the practice of setting the price of a good or service to make a specific price a standard when competitors conspire to change their prices at the same time or maintain the current price to manipulate supply and demand this is price fixing any agreement even if implied with other brokerages to set a standard commission rate violates Anti-Trust law but its important to note that price fixing relates more than just the prices themselves the Federal Trade Commission tells us it can involve credit terms shipping fees warranties discount programs and financing rates theres two types