A real estate agent fails to disclose a known material fact about a property defect that significantly affects the property's value. The buyer discovers this after settlement. Under Australian Consumer Law, what is the strongest legal basis for the buyer's claim?
Correct Answer
B) Misleading or deceptive conduct by silence
Under Australian Consumer Law, misleading or deceptive conduct can occur through silence when there is a duty to disclose material facts. Failing to disclose known defects that would influence a buyer's decision constitutes conduct that misleads by omission.
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A real estate agent fails to deposit a rental bond into the appropriate trust account within the required timeframe. What is the most likely consequence?
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