Underquoting Rules….

Hard to believe only now is the main stream media catching up with the real estate agents practice of underquoting, something which Edwin and I have been highlighting for months now, and which is rampant especially in the Sydney market. Underquoting is the illegal practice of setting property price guides well below what the seller wants. In an ABC article today titled “The art of price baiting — how real estate agents lure buyers to auction”, they say that on a single Saturday, the ABC witnessed multiple counts of underquoting at Sydney auctions. Online, a double-brick, three-bedroom duplex in Sydney’s […]