A real estate agent knowingly provides false information about comparable sales to justify an inflated property valuation, resulting in a consumer paying $100,000 more than market value. Under the Australian Consumer Law, the consumer may be entitled to:
Correct Answer
D) Rescission of the contract as well as compensation for the loss suffered
Where misleading or deceptive conduct induces a consumer to enter a contract, they may be entitled to rescission (cancellation) of the contract and compensatory damages to restore them to their original position. The ACL provides both contractual remedies and damages for loss suffered as a result of the misleading conduct.
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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?
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