NSW to crack down on property underquoting, forcing sellers to publish price guides on all listings
The New South Wales government is introducing legislation requiring property sellers to publish price guides on all listings, targeting the widespread practice of underquoting by real estate agents. Fines for underquoting and dummy bidding will increase fivefold to $110,000 to promote a fairer property market. The reforms aim to protect buyers from misleading price estimates designed to inflate interest in listings.
New South Wales real estate underquoting property law Australia
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