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Crackdown on underquoting in real estate | Brimbank & North West
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Crackdown on underquoting in real estate | Brimbank & North West
The state government has announced an updated set of guidelines on the illegal practise of underquoting a home’s likely sale price. On 6 November, consumer affairs minister Nick Staikos announced legal guidelines would set clearer expectations for estate agents when listing a property for sale. The new guidelines will ensure agents use the most appropriate comparable local properties when determining a home’s likely selling price before auction,…
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