Texas Real Estate Brokerage Sales Apprentice Education (SAE) Practice Exam

What is the maximum fine for individuals found in violation of the Sherman Act?

1. $100,000

2. $350,000

3. $500,000

4. $1,000,000

The correct answer is: $350,000

The maximum fine for individuals found in violation of the Sherman Act is indeed $350,000. This amount reflects the legal framework established to deter anti-competitive behavior and uphold fair competition in the marketplace. The Sherman Act imposes penalties on individuals who are involved in monopolistic practices, price-fixing, or similar activities that violate the principles of free trade and competition. The rationale behind the specific fine amount is to ensure that there are significant consequences for violating competition laws, thus encouraging compliance. Fines are structured this way to reflect the severity of the offense, with the aim of promoting fair business practices and protecting consumer interests. In contrast, the higher amounts seen in other options typically apply to corporations rather than individuals, who may face larger fines due to the extent of their operations or potential market influence. Therefore, the correct fine of $350,000 for individuals serves to balance the need for deterrence against the ability of individuals to operate within the competitive landscape of the economy.