Apr 11 , 2016

Tampa School of Real Estate

Market Allocation

Definition:   an agreement between brokers to divide up competitive market areas among themselves and not complete in each other’s areas

Pronunciation:   \ˈmär-kət\\ˌa-lə-ˈkā-shən\

Used in a Sentence:   The various brokers decided to create a market allocation so they would not compete with each other for business.