In SA, what constitutes 'bait advertising' in real estate and what are the legal consequences?
Correct Answer
B) Advertising a property at a price the vendor has no intention of accepting, to attract buyer enquiries; it is a breach of Australian Consumer Law carrying civil penalties
Bait advertising involves marketing a property at a price the vendor has no genuine intention of accepting, designed to lure buyers. This is a breach of the Australian Consumer Law and can result in significant civil penalties and disciplinary action.
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