Which of the following is NOT one of the three basic rules?

• A. Do Not Collude: Make independent decisions
• B. Do Not Increase Prices Arbitrarily
• C. Do Not Mislead the Public in Advertising
• D. Do Not Discriminate Against or Refuse to do business with competitors or other persons because of their low pricing policies

Answer: (B)

In this context, the guidelines focus on fair competition and truthful, non-discriminatory conduct. Real estate professionals must avoid coordinating with others to set prices (independence in decision-making), ensure advertising is honest and not misleading, and not refuse to deal with someone because of that person’s pricing policies. The idea of increasing prices arbitrarily isn’t part of those ethical rules—it’s not about how to advertise or who to deal with, but about price actions that market forces and fairness policies don’t frame as a fundamental guideline. So the statement about arbitrarily raising prices isn’t one of the core rules guiding professional conduct in this set.