A Queensland seller selling by private treaty instructs the agent not to disclose her price. A buyer asks what figure would secure the house. What may the agent say?
Correct Answer
D) He must not give a price guide or a likely winning figure
Section 216 of the Property Occupations Act 2014 (Qld) also applies to sales other than auctions where the seller has instructed the agent not to disclose the seller's price. In that case the agent must not disclose an amount likely to produce a successful offer or a price guide to anyone other than a person acting for the seller.
Why This Is the Correct Answer
With a no-disclosure instruction, the agent cannot give a price guide or a likely winning figure.
Why the Other Options Are Wrong
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