Examlex
The services of real estate brokers are provided in a competitive market.If the state Board of Realtors enacts several requirements that limit the number of real estate brokers,which of the following is most likely to occur?
Administrative Law
The body of law that governs the creation and operation of administrative agencies, including the rules and regulations they enact.
Stare Decisis
A legal principle that dictates that courts should follow the precedents set in previous legal decisions.
Doctrine of Precedent
A legal principle whereby previous judicial decisions influence or control the ruling on similar future cases.
Substantive Law
The set of laws that governs the rights and duties of people within society, as opposed to procedural law which dictates how those rights and duties are enforced.
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