A Queensland agent lists an auction property on a property portal. The portal needs a price range so the home appears in buyers' price searches. What does the Act allow?
Correct Answer
C) A search range is allowed if the listing shows no price and has the prescribed statement
Sections 214 and 216 of the Property Occupations Act 2014 (Qld) allow a price range to be given to an electronic listings provider for search purposes, provided the listing will not show the price and includes any prescribed statement. The regulation prescribes wording to the effect that the property is being sold by auction or without a price and therefore a price guide cannot be provided.
Why This Is the Correct Answer
The electronic listings exception permits a search range if the price is not displayed and the prescribed statement is included.
Why the Other Options Are Wrong
Background Knowledge for Property Marketing
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A Gold Coast seller tells the agent she does not want to set a reserve for her auction. What must the agent do?
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