CBRE competes in markets and business lines all around the world. We compete solely on the merits of our services, the prices we charge and the client loyalty we earn from a job well done. Our RISE values require that we support free competition and compete fairly and ethically and in a manner consistent with the laws of each country in which we do business. The laws relating to competition (e.g., antitrust) are complex and violations carry severe penalties, including fines and jail time for individual employees. Thus, all of us must ensure that our conduct is consistent with our values and the laws. A few helpful tips for compliance in this area follow:
- Avoid any discussions with competitors regarding pricing of services unless the discussions have an appropriate business purpose and then, keep the discussions to a minimum.
- Do not enter into any agreement with a competitor except as approved by the Legal or Compliance Departments (e.g., co-brokerage or data sharing).
- Certain types of agreements with competitors are always illegal and must be avoided regardless of the circumstances (e.g., agreeing with competitors on prices we or they will charge, standing down or colluding on a competitive bid, or dividing territories or clients). If a conversation with a competitor enters an inappropriate area, end the conversation at once and report it to the Legal Department or Compliance.
- Always be truthful about our competition's services.
- Avoid any action that could be alleged to be an illegal interference with a competitor's contractual relationship with a third party (e.g., its client). If you are unsure of the right decision to make, please seek the advice of the Legal or Compliance Departments