REIV Conference – Underquoting panel discussion
Estate Agents in Melbourne may be interested to attend the REIV Ignite Conference on the 21st of March at Crown Conference facilities. It should be a very informative day with some top speakers, including Simon Cohen from Consumer Affairs Victoria, Gus Balbontin from Lonely Planet and Stephen Scheeler former Managing Director of Facebook (Aus & NZ). I […]
Victoria’s new underquoting laws
How is the real estate industry embracing and implementing Victoria’s new underquoting laws? Effective from the 1st of May, there are new laws introduced by Consumer Affairs Victoria (CAV) to prevent real estate agents and vendors from underquoting to prospective buyers. Many changes have been introduced. CAV’s website tells us the following: “All Victorian estate […]
Melbourne Agent fined $330,000 for underquoting
A Melbourne agent fined $330,000 for underquoting will be feeling the pain with this fine. It is true that deceptive practices such as underquoting waste the time and money of Victorians on properties they simply cannot afford. “Underquoting erodes the confidence of purchasers and vendors in the conduct of real estate agents.” According to the […]