The Italian Competition Authority discovers two price-fixing arrangements in the market for the real estate brokerage services but decides not to fine the anticompetitive conducts as they were not a serious competition breach (Usi in Materia di Mediazione Immobiliare)

By the recent decision handed down in the case Usi in Materia di Mediazione Immobiliare (UMMI) [1] the Italian Competition Authority (ICA) has closed an antitrust investigation by finding two price-fixing arrangements in the market for the real estate brokerage services agents implemented by two national associations of real estate brokers and two of their local branches. However, the parties escaped any competition fines as the ICA believed that their anti-competitive conducts were not a serious competition breach because they were encouraged by the acting public authorities and the applicable regulatory regime. The relevant regulatory framework Federazione Italian Mediatori Agenti d’Affari (FIMAA) and Federazione Italian Agenti Immobiliari Professionali (FIAIP) are two nationwide

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Michele Giannino, The Italian Competition Authority discovers two price-fixing arrangements in the market for the real estate brokerage services but decides not to fine the anticompetitive conducts as they were not a serious competition breach (Usi in Materia di Mediazione Immobiliare), 15 December 2016, e-Competitions December 2016, Art. N° 82613

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