Gazumping and Underquoting City…

Now as the AFR reported fines for underquoting in NSW will be increased by five times as the state government cracks down on real estate agents’ use of misleading price guides in a hot market where buyers are already scrambling to secure a home. Under tough new rules proposed for the state, agents will have to maintain a price or price guide on every property they list for sale so buyers don’t waste their time on properties they can’t afford. But the real issue is policing the rules, something which has failed in VIC, despite having rules in place for […]