Victoria's New Laws Crack Down on Real Estate Underquoting

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Melbourne News Today | 2 Min News | The Daily News Now!

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Victoria's New Laws Crack Down on Real Estate Underquoting

Melbourne News Today | 2 Min News | The Daily News Now!

1 minute 54 seconds

3 days ago

Victoria's New Laws Crack Down on Real Estate Underquoting

Victoria to introduce new laws against underquoting in real estate, requiring agents to disclose reserve price at least seven days before auction or fixed-date sale. This move aims to increase transparency and prevent agents from advertising properties below their true value. The new laws will also mandate agents to update all marketing materials to reflect the reserve price.

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