Under Australian Consumer Law, which statement about property advertising is correct?
Correct Answer
B) Property advertisements must not contain misleading or deceptive information.
Australian Consumer Law requires that all property advertising be truthful and not misleading or deceptive. This includes accurate descriptions of property features, location benefits, and price indications.
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- → In NSW, if a property receives three bids above the advertised price range during an expressions of interest campaign, what must the agent do regarding the advertised price?
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- → A married couple intend to bid together at a NSW residential auction to buy the house jointly. What registration is required?
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Under Australian Consumer Law, what happens if an agent provides a price estimate that is significantly below the actual selling price?
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A Victorian property is advertised at $800,000 to $850,000. Before the auction, the vendor tells the agent the reserve will be $900,000. Under the underquoting laws, what must the agent do?