In Victoria, when marketing a property for auction, which of the following advertising practices is permitted?
Correct Answer
A) Advertising the property with no price at all, stating only 'Auction' and the date
In Victoria, agents may choose not to include a price in auction advertisements. However, if a price is quoted, it must comply with underquoting rules—the figure must not be below the agent's estimated selling price or any rejected written offer, and any range must be within 10%.
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