A property has recent comparable sales of $580,000, $595,000, and $610,000. What would be an appropriate price guide under underquoting legislation?
Correct Answer
C) $580,000 - $610,000
The price guide should reflect the realistic selling range based on comparable evidence. With recent sales between $580,000-$610,000, this range accurately represents the likely selling price and complies with underquoting legislation requirements.
Why This Is the Correct Answer
The comparables of $580,000, $595,000 and $610,000 support a guide spanning that evidence. A range of $580,000 to $610,000 reflects the likely selling price and stays within the 10% spread NSW and Victoria allow.
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