A real estate agent in Queensland engages in 'bait advertising' by marketing a property at a price significantly below what the seller would actually accept. Under consumer protection law, this practice:
Correct Answer
B) Contravenes the ACL prohibition on misleading conduct and the Property Occupations Act requirements for honest representation
Bait advertising (underquoting) breaches both the Australian Consumer Law's prohibition on misleading or deceptive conduct and the Property Occupations Act 2014. The agent can face penalties from the OFT, ACCC, and may be liable for damages to affected consumers.
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More Consumer Protection Questions
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Previous Question
A Queensland real estate agent's licence is suspended by the OFT for serious misconduct. During the suspension period, the agent continues to conduct sales through an unregistered assistant. Under Queensland consumer protection and property legislation, which of the following is correct?
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A Victorian estate agent conducts a property auction where a dummy bidder (vendor bid not declared) is used to inflate the price. Under Victorian law, what are the potential consequences?