<--Back to Wiki Home

Define Collusion in Real Estate

Collusion: 

Collusion is when two or more people work together secretly to do something they know they shouldn't do. It's like cheating on a test with a friend, but in the real estate world, it can involve things like price-fixing or trying to control the market unfairly.

Example: 

For example, let's say two real estate agents agree to work together to only show houses from one particular seller, even if there are other houses that might be a better fit for their clients. This would be collusion, because they're trying to limit competition and unfairly boost the seller's chances of making a sale.

"Wit & Whimsy with the Dumb Ox: Unlocking Knowledge with Rhyme:"

Collusion is a sneaky thing, oh yes indeed,
It's when two or more people work together and scheme,
To do something they shouldn't, or so it would seem.
They might try to fix prices, or control the scene,
To get an unfair advantage, and make the others green.
But be careful, oh agents, or else you might be seen,
And the consequences of collusion can be quite extreme!