‘All strategy’: Major real estate firm accused of underquoting hundreds of thousands of dollars
Consumer Affairs Victoria has initiated legal action against a real estate agency for allegedly underquoting property prices. The agency is accused of misleading buyers as part of a deliberate sales strategy.
Why it matters
It highlights consumer protection efforts against deceptive practices in the real estate market.
— 7:00pm , first published 12:31pm
Save You have reached your maximum number of saved items.
Remove items from your saved list to add more.
Share A A A A star real estate agent accused of underquoting properties in Melbourne’s east by hundreds of thousands of dollars hosted an inspection just hours after the consumer watchdog announced it had launched Federal Court action against him and two of his colleagues.
Consumer Affairs Victoria (CAV) has launched the court action against the business formerly known as Harcourts Judd White, now trading as Ray White Judd White Group and Ray White (Judd White Group), for alleged breaches of property sales laws. CAV executive director Nicole Rich also alleged at a press conference on Saturday that one or more of the agents had told a vendor that underquoting was “all strategy”.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in