An SA agent's sales agency agreement records an estimate of $600,000 (an invented figure). Which advertised price range complies with the SA rules?
Correct Answer
A) $600,000 to $660,000
In South Australia an advertised price may be a single figure or a range. The lower figure must not be less than the agent's estimate in the sales agency agreement, and the upper figure must not be more than 10% higher than the lower figure. With an estimate of $600,000, a compliant range is $600,000 to $660,000.
Why This Is the Correct Answer
It starts at the estimate and its upper figure is exactly 10% above the lower one.
Why the Other Options Are Wrong
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