A real estate agent tells a potential buyer that a property 'definitely will increase in value by 15% within two years' based solely on their personal opinion. Under Australian Consumer Law, this statement is:
Correct Answer
C) Prohibited, because a baseless definite prediction is misleading or deceptive conduct
Making definitive statements about future property value increases without reasonable basis constitutes misleading or deceptive conduct under the Australian Consumer Law. Agents must ensure any representations about property performance are based on factual evidence and clearly identified as opinions when appropriate.
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A real estate agent tells a potential buyer that a property 'will definitely increase in value by 20% next year.' Under the Australian Consumer Law, this statement would most likely be considered: