What is the name of your state (only U.S. law)? Florida
I live in a Resident Owned (55+) manufactured home community in Florida.
Apparently, our Board of Directors made a deal with a real estate firm that gave them the exclusive right to sell new homes in the park.
If you want to purchase a Palm Harbor, Jacobsen, Skyline or Champion home you must use this agent. They are the authorized Palm Harbor dealer in this area but do not have exclusive agreements with the other 3 manufactures.
This agency is free to set the price of the home with no fear of competition. There have been cases of residents doing some comparison shopping and discovered they can be substantially more than the competition. It doesn't matter.
I guess my question comes down to the fact that this hurts the buyer and the BOD in essence handed this agency a monopoly.
I would think this falls under some violation of Federal Anti-Trust laws.
Thank you in advance for any guidance.
I live in a Resident Owned (55+) manufactured home community in Florida.
Apparently, our Board of Directors made a deal with a real estate firm that gave them the exclusive right to sell new homes in the park.
If you want to purchase a Palm Harbor, Jacobsen, Skyline or Champion home you must use this agent. They are the authorized Palm Harbor dealer in this area but do not have exclusive agreements with the other 3 manufactures.
This agency is free to set the price of the home with no fear of competition. There have been cases of residents doing some comparison shopping and discovered they can be substantially more than the competition. It doesn't matter.
I guess my question comes down to the fact that this hurts the buyer and the BOD in essence handed this agency a monopoly.
I would think this falls under some violation of Federal Anti-Trust laws.
Thank you in advance for any guidance.