US EditionSydney property sellers to be forced to advertise price guides
NSW plans mandatory price guides and tougher penalties, including fines up to $110,000, to improve transparency and reduce misleading real estate advertising practices.
6 Articles
6 Articles
Sydney Morning Herald
Sydney property sellers to be forced to advertise price guides
In a new crackdown, penalties for property underquoting will rise to three times the selling agent’s commission and buyers will be offered price guides.
NSW Moves To Curb Property Underquoting With Clearer Price Guides, Tougher Fines
From this week, the Minns Government is tightening the rules on property underquoting, aiming to give NSW buyers a fairer chance at purchasing their next home. Announced on Sunday, the ... The post NSW Moves To Curb Property Underquoting With Clearer Price Guides, Tougher Fines appeared first on City Hub.
The New South Wales government will introduce legislation requiring real estate agents to publish guide prices in their advertisements, and agents who deliberately lower guide prices to attract customers will be fined three times their commission.
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